Features and benefits

  • Instant decision when you apply online and, in the majority of cases, we’ll tell you how much you could borrow and if you’re likely to be approved when you get your quote. This won't impact your credit score
  • You can apply for up to two repayment holidaysIf you take a repayment holiday, interest will still be charged, so you'll pay more overall and your loan term will be extended. of one month in a 12 month rolling period, subject to approval.
  • Loans are available to existing customers from £1,000 to £50,000 over 1 to 7 years
  • Flexibility to make additional payments, with no extra charge
  • You can repay your loan in full at any time. If you repay your loan in full, we will make an early settlement adjustment of up to 58 days' interest.

Your personalised quote will depend on the loan amount, term you request and your personal circumstances.

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, but you can also phone us or visit us in branch.

Repayment holidays - you can apply for up to two repayment holidays of one month in a 12 month rolling period, subject to approval. Just be aware, interest will still be charged so you'll pay more overall, and your loan term will be extended.

Fixed repayments – each month your repayment will be collected by Direct Debit from the bank account you've selected.

You can apply for a loan if you:

  • are an existing Bank of Scotland customer with a Bank of Scotland bank account (excluding Easycash) held for at least 1 month
  • are over 18 years old and are a UK resident with a permanent UK address (excluding the Channel Islands and the Isle of Man)
  • are in paid employment or have a regular income
  • are not in full time education
  • have not been declined for credit in the last month
  • do not have a history of bad credit such as arrears, county court judgements (CCJs), default or bankruptcy.

Log in to Internet Banking and get your personalised quote in 1 minute. We'll also tell you if you're likely to be approved. And it won't affect your credit score.

Get started

View a sample Personal Loan Agreement (pdf 205kb)

What you may want a loan for:

New car

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.

Car loans Bank of Scotland car loan

Debt consolidation

Bringing all your existing borrowing into one loan could help you manage things easier.

Debt consolidation loans Bank of Scotland debt consolidation loan

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.

Home improvements Bank of Scotland home improvement loan

However, we cannot offer a loan for any of these reasonsWe will not lend for - speculative purchases, for example: gambling, investments and share purchases, any illegal purposes, business related purposes, purchase/lease of land or property, either full or part purchase (including deposit) or for timeshares/holiday clubs

Ways to apply


Get a personalised quote and decision in minutes with no effect on your credit rating.

Get started


In branch

To speak to an adviser in branch, you'll need to book an appointment.

Find your nearest branch

By phone

If you hold a Bank of Scotland bank account, call us on 0345 604 7291.

Lines are open Mon-Sun 8am to 10pm.

Managing your loan online

You can manage your loan by logging onto Internet Banking. There you can:

  • View your loan statement
  • Apply for a repayment holiday.
  • Make additional payments - with no charge
  • Get an early settlement quote
  • Pay off your loan early. 
  • Reinstate a cancelled direct debit.

Log in to Internet Banking

Mobile Banking app

Scan to download

  • Join our 1 million app users.
  • Simple and secure log in.
  • Stay up to date with notifications.

More about our app

Mobile Banking app

  • Join our 1 million app users.
  • Simple and secure log in.
  • Stay up to date with notifications.
Download app

Support with the cost of living

With the current rising cost of living impacting many of us, keeping on top of your money might be worrying. Our tools and support can help you stay on top of your spending.

Making sure you get a fair deal

We want you to find a product that's right for your circumstances which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.