Features and benefits of our Personal Loan:

  • Get a personalised quote when you apply, with no impact to your credit rating
  • Apply for and manage your loan online
  • Instant decision when you apply online
  • 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

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.

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

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 £50,000.
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.

Personal Loan calculator

Our Personal Loan calculator will help you gain a better understanding of how much you could borrow and how much your repayments might be. Whilst this calculator will give an indication of monthly payments and APR, you can find out your personalised rate by logging in to Internet Banking.

The rate you're offered may differ from the illustrative APR shown – and will be based on your personal circumstances, the loan amount and the repayment term.

Your loan payment schedule is calculated automatically. Please check section monthly repayments to view this information.

Representative Example:

You could borrow £10,000 over 48 months with 48 monthly repayments of £225.04. The total amount repayable will be £10,801.92. Representative 3.9% APR, Annual interest rate (fixed) 3.83%.


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.

months

Representative Example:

You could borrow £10,000 over 48 months with 48 monthly repayments of £225.04. The total amount repayable will be £10,801.92. Representative 3.9% APR, Annual interest rate (fixed) 3.83%.


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.

Monthly repayments

£0.0

Total amount repayable

£0.0

Illustrative APR

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Our loan features

  • From £1,000 to £50,000
  • 1 to 7 years available when you apply
  • Fixed monthly repayments
  • No charge for additional payments
  • Quick, easy and secure

Apply now

If you’re not registered for Internet Banking you can register now.

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 0800 068 2395.

If you have a credit card, mortgage or existing loan with us, call us on 0800 056 7424.

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.

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 how to borrow more money

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 options

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.


Download the statement of responsibilities