Personal loans for £1,000 to £25,000
Life is full of changes, so it’s good to know there’s help at hand.
If you’re an existing Bank of Scotland customer our personal loans could help you pay for the things you need with monthly instalments to suit your budget.
- Overpay as much as you want, when you want
- Fixed loan repayments over 1 to 7 years
- Instant cash for most Internet Banking current account customers.
Don’t have a current account or looking for a joint loan? Apply now.
1% off loans for loyal customers
If you hold a Bank of Scotland current account that has been open for at least five years, you’ll get 1% off your personal loan rate.
This offer is available on loans from £7,000 to £25,000.
Once you start your application, the 1% discount will automatically be applied to your loan calculation.
Get your loyalty discount now
Don’t have a current account or looking for a joint loan? Apply now.
Important information
| Key information for our Bank of Scotland Unsecured Personal Loan | |
| Interest charging information | The interest rate is fixed and guaranteed for the life of the loan. Interest is charged and added to your loan account each month. We charge interest for the complete duration of the loan including the period between the start of your loan and your first repayment. |
| Repayment information | Payment is by direct debit. The payments are monthly until the loan is repaid. |
| Repayment period | You can choose to repay your loan over 1 to 7 years. |
| Amount of loan available | Loans are available to existing customers from £1,000 to £25,000. |
| Arrangement fee | There is no arrangement fee. |
| Default fees | We may charge you for our other losses or reasonable costs as a result of you breaking the agreement, including the costs of finding, notifying or contacting you and enforcing the agreement. |
| Early settlement | You can repay your loan in full and part at any time during the repayment period and we'll reduce the charge for credit you've agreed to pay us, taking this reduction into account we, in practice,charge up to 58 days interest. |
Apply now
Don’t have a current account or looking for a joint loan? Apply now.
All loans are subject to regulations and conditions. The legal information relating to these regulations and conditions can be viewed from here. We advise you to read this information fully before applying for a loan. Loans are provided by Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Written quotations are available on request. All lending is subject to appraisal by the Bank of the applicant's financial status. To apply, you must be at least 18 and a UK resident (excluding the Channel Islands and the Isle of Man). APR details are correct at time of publication. Certain purposes of loan may be excluded or have limited repayment periods; please ring 0845 6004611 for details.
We charge interest in the period between the start of your loan and your first monthly repayment. If you are in breach of your Bank of Scotland loan agreement we may take any money you owe us from any other Bank of Scotland accounts which have a credit balance, including a joint account providing the conditions allow and there are sufficient funds.
Products and offers are subject to conditions and can be withdrawn without notice. The rate you are offered will depend on credit assessment procedures, your personal circumstances and other related factors.
Other information
Alternative products may be available by visiting our branches or by telephone. You may now make calls using a textphone on 0800 0960374.
Information is available in large print, audio and Braille on request. Please call for details.
If you apply by any other method, the rate and other details of the loans available may differ from those shown.
Telephone calls may be recorded for security purposes and monitored under our quality control procedures.
Your application will not be considered without your home phone number.
Lending criteria
Please make sure you meet the criteria before applying for a Bank of Scotland Personal Loan.
To apply for a loan you must:
- Be an existing Bank of Scotland customer
- Be aged 18 years or over
- Be in paid employment
- Not be in full time education
- Have a bank/building society account
- Have a permanent UK address
- Not have been declined credit in the last month
-
Not have a history of bad credit such as arrears, county court judgements (CCJs), default or bankruptcy
You will also need handy:
- Your address details including your postcode for the last 3 years. And if this is a joint application your partner's address details, if different
- Your bank/building society details
- Your annual income and monthly outgoings such as rent or mortgage payments
- Your employer's name and address
Apply now
Don’t have a current account or looking for a joint loan? Apply now.