Find a loan to bring your plans to life

To apply for a personal loan online you will need:

• Your Digital Banking log in details.
• Your address details for the last 3 years.
• Your income, outgoings and employment details.

You could get your loan funds on the same day if you apply online, are unconditionally accepted and sign your loan documents before 5.45pm Mon – Fri.

If we need to contact you for some additional information, it can take a little longer. 

Yes and it's very simple. All you need to do is:

1. Log in to your Royal Bank of Scotland mobile app. 
2. Tap 'Apply' in the bottom right hand corner.
3. And go to 'Loans'.

Follow the information on the page and we will guide you to complete your loan application.

Our mobile app is available to customers with compatible iOS and Android devices and a UK or international mobile number in specific countries.

There are some things a personal loan can't be used for. These include: 

• Buying or putting down a deposit on a property or land
• Household bills, rent or mortgage payments
• Car tax
• Business purposes
• Payments in arrears
• Tax avoidance arrangements 
• Court or solicitors' fees
• Gambling
• Buying shares or other investment funds

It’s important to remember that if you repay your loan early, you will be charged an early repayment fee. The amount you will be charged will be equal to 58 days’ interest on the amount you repay early (28 days’ interest if the period of the loan is one year or less). If there is less than 58 days (or 28 days if applicable) remaining on the loan, the calculation will be based on the actual number of days remaining. This is in addition to your outstanding loan amount and any outstanding interest.

More about early repayment charges

Depending on what you need money for, a credit card or overdraft might be a better option than a personal loan. Our borrowing options guide will help you figure out what type of lending will suit you best.

Yes, you can borrow for more than one purpose on the same loan. This means that should you be looking to consolidate debt and do some home improvements you can do this under the one loan. Your loan purpose should be selected as the purpose that will make up at least 50% of the borrowing purpose. Should you be borrowing for multiple purposes and no element makes up more than 50% of the borrowing then the loan purpose should be the larger expenditure value of the loan. 

A personal bank loan is a sum of money you borrow to help you reach a certain financial goal. You'll need to pay it back over an agreed period, with interest.  Depending on what you need the loan for, you could choose to pay it over a shorter or longer period.

The best personal loan will be different for everyone, but some of the key factors to weigh up when making a personal loan comparison include: repayment period which could last anywhere between 1 year and 10 years, application time and reputation of the lender.