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Personal Loan

Apply for a personal loan
with our 5 star
rated service

Representative 3.4% APR

About our Royal Bank of Scotland personal loans

If you're thinking about changing your car, sprucing up your home or planning your dream wedding, a Royal Bank of Scotland loan could help get you there.

We've been independently rated 5 stars for our 'Unsecured Personal Loan' by:

Take a look below at what our 5 star rated service means for you.

See your personalised quote

We’ll confirm your loan amount and rate at the start of your application with no harm to your credit rating. All this if you’re a Royal Bank of Scotland current account customer and applying in your name only.

Apply for a loan online in minutes

It only takes around 10 minutes to apply online and we'll pre-fill some of your application to make it easier. We'll ask you to log in to Digital Banking so have your details handy.

Money in your account quickly

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.

Sometimes we need to contact you for more information, so it can take a little longer.

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.

Can I repay 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.

Loan calculator

Home improvement loans are available over an extended term, up to 10 years.

How much would you like to borrow?

Representative 50  APR

The Representative APR changes based on the amount you borrow. You can borrow more than £7,500 over a period of up to 8 years. 

Representative 50  APR

The Representative APR changes based on the amount you borrow. 

You want to repay it over

20 Months

Representative Example:

Borrowing

£7,500

Over

0 months

Monthly Repayment

£137.55

Total Repayment

£8,253.00

Representative

3.9

% APR

Interest p/a (fixed)

3.9

%

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.

Understanding APR

If you're feeling a bit confused about APR, take a couple of minutes to read our quick guide.

Find a little flexibility with our repayment holiday

When you apply for a loan, based on your circumstances, we might give you the opportunity to defer your first repayment. 

  • It's only available at the start of your loan term
  • You can defer your first loan repayment for a three month period
  • If this option is available to you, we'll show the details of your repayment holiday during the quote stage of your application

See your quote, before you commit

We’ll confirm your loan amount and rate at the start of your application with no harm to your credit rating. There is no obligation to take out a loan if you’re not happy with the offer. Available if you’re a Royal Bank of Scotland current account customer looking to apply in your name only.

Make sure a personal loan is right for you

There are lots of different ways to borrow money and we're here to help you choose the most suitable option for you. Compare your different borrowing options to find out which type best suits your needs. 

Let's get ready to apply

Before you apply, we need to check you're happy with a few things.

First, you can apply online if you:

  • are 18+ and a UK resident with a Royal Bank of Scotland current account (held for 3+ months).
  • have not been declared bankrupt in the last 6 years
  • have not applied for a personal loan with us within the last 28 days

Now please read a few other important things:

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application. 

Ready to apply?

Do you have Royal Bank of Scotland digital banking?
If you know your digital banking details we can pre-fill some of your information - making the application process faster.
Are you applying on your own?

Great, let's get started!

Great, log in to get started!


You're about to start your application so just a heads up:

  • to apply for a joint loan both applicants must:
    - be 18+ and a UK resident
    - have not applied for a loan in the last 28 days or been declared bankrupt in the last 6 years                                                                          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)

  • we'll run a full credit check to tell you if you're accepted for a joint loan
  • you'll need your Digital Banking log in details handy

Let’s get you signed up for Digital Banking

You’ll need to sign up for digital banking with us in order to apply for a loan. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your Royal Bank of Scotland Debit Card, if you have one.

 

Once you’ve registered, select ‘next’ to log in and apply for a loan.

Are you applying on your own?

Fantastic, you're all set!

 

Just a heads up - You will need your digital banking details to log in and complete your application.

Fantastic, you're all set!


You're about to start your application so just a heads up:

  • to apply for a joint loan both applicants must:
    - be 18+ and a UK resident
    - have not applied for a loan in the last 28 days or been declared bankrupt in the last 6 years                                                                          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)

  • we'll run a full credit check to tell you if you're accepted for a joint loan
  • you'll need your Digital Banking log in details handy

Anything else we can help you with?