Personal Loan

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. Personal Loan rate of 3.9% APR representative on loans from £7,500 to £25,000 over 1 to 5 years.

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We’re with you during this crisis. If your income has been affected by coronavirus, we’re here to support you.

Loan calculator

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.

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Features and benefits of our Personal Loan:

  • Apply for and manage your loan online
  • Instant decision when you apply online
  • 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 wont impact your credit score
  • Flexibility to make additional payments and apply for a repayment holiday*

* Repayment holidays are available if you meet certain conditions. Interest will be charged if you take a repayment holiday, so you will pay more interest overall and your original term will be extended.

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

View an example of our Personal Loan Agreement (pdf 205kb)

To apply for a loan, you must:

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

In order to get your personal rate, please log in to Internet Banking.

  • Key information for our Bank of Scotland Unsecured Personal Loan

    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 £35,000.

    Arrangement fee

    There is no arrangement fee.

    Default fees

    If you miss a monthly repayment, your loan will be transferred to our Collections department and we will charge you £25. If you continue to break the agreement you may be subject to further charges.

    Early settlement

    You can repay your loan in full or in part at any time during the repayment period. If you make an early settlement on the Personal Loan, we will charge up to 58 days' interest.

    Written quotations are available on request. All lending is subject to appraisal by the Bank of the applicant's financial status.

    We charge interest for the complete duration of the loan including the period between the start of your loan and your first monthly repayment.

    Products and offers are subject to conditions and can be withdrawn without notice.

Other ways to apply

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.

If you have a credit card, mortgage or existing loan with us, call us on 0330 123 0291.

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

Managing your loan online

You can now manage your loan using Internet Banking. Log in to Internet Banking to:

  • View your loan statement
  • Make additional payments*
  • Get an early settlement quote
  • Pay off your loan early*
  • Apply for a repayment holiday.

*You can make additional payments from a current account, in the same way you pay a bill or a person. Use these payment details:

  • Account number: 90000468
  • Sort code: 77-77-90
  • Reference: Your 12 digit loan account number. You can find this on your Internet Banking or any letters about your loan you've received from us.

Borrowing options

Loan, credit card or overdraft? If you are thinking about borrowing it’s important you make the right choice for your circumstances.

Your optionsfor borrowing.

Borrow more

If you already have a Bank of Scotland loan and you need to borrow more, you can apply at any time.

Find out moreabout borrowing more.

Borrow for:

A new car

Debt consolidation

Home improvements

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.