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Personal Loan
Personal Loan rate of 6.4% APR representative on loans from £7,500 to £25,000 over 1 to 5 years. Log in to Internet Banking to see how much you could borrow and if you’re likely to be approved. This won’t affect your credit score.
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Get a quote for a personal loan
Tell us how much you want to borrow and over how long to get a quote. This won't affect your credit score.
If you go on to apply, you’ll get a loan decision online.
Representative Example
You could borrow £10,000 over 48 months with 48 monthly repayments of £235.86. Total amount repayable will be £11,321.28. Representative 6.4% APR, annual interest rate (fixed) 6.22%.
This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. The maximum APR you could be offered is 29.9% APR.
The representative APR is the rate that at least 51% of people are expected to receive when taking out a loan within the stated amount and term range.
Paying it back - what you need to know
Managing your loan - it's easy to keep track of your loan using Internet Banking or the Mobile Banking app. You can also phone us or visit us in branch.
Repayment holidays - you can apply for up to two repayment holidays of 1 month in a rolling 12-month period, if approved. Interest will still be charged for the months that you don’t make any payments. So you'll pay more interest overall and your original term will be extended.
Make further payments with no extra charge.
These are the types of loans we offer
Car loans
Ready for an upgrade or considering switching to an electric car? Buying your new car with a Bank of Scotland Personal Loan could give you the flexibility you need.
Debt consolidation
Bringing all your existing borrowing into one loan could help you manage things easier.
Home improvements
A loan could help your plans to renovate your home, build an extension, or make your home more energy-efficient such as installing a heat pump or insulating the loft.
Holiday loans
Looking to plan that once in a life time getaway? A Bank of Scotland loan might be able to help. A loan could help spread the cost for things like flights and accommodation.
Wedding loans
A personal loan could help make your dream day come true. A loan could help with paying for things like the perfect venue, honeymoon or other expenses.
However, we can't offer a loan for any of these reasons.We will not lend for - Gambling. Investments, such as stocks, shares and crypto currency. Business reasons. Land or property – buying, leasing or paying a deposit. Timeshares or Holiday Clubs. Anything illegal.
Looking to borrow more?
Decided on a new car, home improvements, or tidying up your finances?
With Bank of Scotland, you can replace your current loan agreement with a new one or apply for a second loan.
How to manage your loan
You can manage your loan quickly and easily by using the app, or by logging in to Internet Banking.
You can do things like:
- View your loan statement
- Apply for a repayment holiday.
- Make extra payments - with no charge
- Get an early settlement quote
- Pay off your loan early.
