Car Loans

Is your car on its last legs? Maybe it's time for a new car.


Whatever your reasons for buying a car, which we know can be costly, Bank of Scotland offers existing customers a range of loan amounts with fixed repayments, so you can budget with confidence.

You can even get an instant online car loan decision.

If you’re looking to borrow money, it’s important that you make the right choice for your circumstances. Other borrowing options may be suitable for your needs.

How much we lend and the rate available are subject to our assessment of your circumstances.

More about our Personal Loan

Features and benefits

  • You could receive a rate as low as 3.9% APR Representative if you borrow £7,500 – £25,000 over one to five years*
  • Wide range of borrowing options: choose to borrow from £1,000 – £50,000* over one to seven years
  • Flexible repayment options, where you can make additional payments free of charge
  • You have the option to apply for up to two repayment holidays of one month in a rolling 12 month period, subject to approval
  • You can manage your loan on Internet Banking.

*Other loan amounts between £1,000 and £50,000 are available at different rates.

Keep in mind

  • Our loans are only available to Lloyds Bank current account holders who've had their account for at least one month
  • Repayment holidays are available if you meet certain conditions. Interest will be charged if you take a repayment holiday, so you'll pay more interest overall and your original term will be extended
  • If you make an early settlement on the Personal Loan, we may charge up to 58 days' interest.

Can I apply?

If you’re an existing Bank of Scotland customer with a Bank of Scotland bank account (excluding Easycash) held for at least 1 month, you can get a personalised quote and apply online. You can still get a quote and apply if you have a credit card, a mortgage or a loan with us.

Other options

If you're looking to buy a car, you could also consider Banking of Scotland Car Finance Plus.

Car Finance Plus

Apply online

With our Personal Loan you can get a personalised quote and decision in minutes with no credit footprint.

Log on for a quote

Apply over the phone

If you hold a Lloyds Bank Current 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 8am–10pm seven days a week.

Apply in branch

We also offer the Flexible Loan which your local branch will be happy to help you apply for. We'll usually be able to give you an answer and transfer the money into your account the same day.

Flexible Loan