This rate is available on loans between £7,500 and £14,950. Other loan amounts are available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR.
Overlay
Joint loans
Work towards your goals together with a joint loan
Representative 7.1% APR
To apply for a joint loan applicants must be 18+, a UK resident and either: both hold a sole Royal Bank of Scotland current account (held for 3+ months) or share a joint Royal Bank of Scotland current account (held for 3+ months).
Get a quote with no credit score impact
If you both have a Royal Bank of Scotland current account and you're looking for a joint loan, in most cases we’ll confirm the loan amount and rate at the start of your application with no impact on your credit score.
Information Message
Apply in minutes
It can take as little as 10 minutes to apply for a Royal Bank of Scotland loan online. We'll ask you to log in to Digital Banking so have your details handy. We will also pre-fill some of your details to make the journey easier.
Information Message
Money in your account the same day
You could get your joint loan funds on the same day if you apply online, are unconditionally accepted and both parties sign their loan documents before 5.45pm Mon – Fri.
If we need to contact you for some additional information, it can take a little longer.
Information Message
About joint loans
Whether you’re working on a big dream or a little emergency, a joint personal loan could be an option if you’re looking to borrow money with a partner, family member or friend.
If approved, you could use a joint loan to:
Information Message
Linking your finances
Taking on any new debt is a big decision, especially when you’re doing it as a team.
If you’re approved, your credit files will be linked and future lenders may take both your scores into account before approving you for any other borrowing.
It’s also key to know that if the person you’re taking a loan with defaults on a payment or the entire loan amount, you will be responsible for the full payment amount.
Loan repayment terms
This is the length of time you can take a loan over, depending on the amount you're borrowing and what it will be used for.
Loan calculator
Representative Example
Borrowing
£7,500
Over
0 months
Monthly Repayment
£137.55
Total Repayment
£8,253.00
Representative
3.9
% APR
(Annual Percentage Rate)
Interest rate
3.9
% p.a
(Fixed)
The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator.
The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator.
What does APR mean?
APR can be confusing. Grab a cuppa, take a few minutes and read our guide to APR for some help.
Can I pay off my loan early?
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.
Get a free personalised quote
If you both have a Royal Bank of Scotland current account and you're looking for a joint loan, in most cases we’ll confirm the loan amount and rate at the start of your application with no impact on your credit score.