Debt Consolidation Loans

Lots of lenders? Or just one? Take control with a loan from Bank of Scotland


Consolidate your borrowing and take control with a loan you can pay back early. How much we lend and the rate available are subject to our assessment of your circumstances.

Find out more

We’re here to help. Talk to us about help with managing your finances if you have money worries.

Money worries?

Feel like you're juggling your finances? Do you have other loans, store cards or credit card bills?

If you are an existing customer, you could combine all your borrowings into one manageable repayment, making it easier to budget.

Personal Loan

Flexible Loan

Who can apply

Exclusive to existing Bank of Scotland customers with a Bank of Scotland bank account held for at least 1 month.

Exclusive to existing Bank of Scotland customers with a Bank of Scotland bank account held for at least 1 month

APR Representative available on loans from £7,500 to £25,000 over 1 to 5 years*

3.9% APR

4.6% APR

Manage your loan

  • Internet banking
  • Internet banking
  • Branch

Paying off your loan early

If you make an early settlement we may charge up to 58 days' interest.

No charge to pay off your loan early for Flexible Loan customers.

Personal Loan

Personal Loan calculator

Flexible Loan

Flexible Loan calculator

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

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. Find out how with the Flexible Loan.

Before you apply, make sure that you’ve done your homework.

For example, try adding together the monthly repayments for all your existing debts, and comparing this to a new borrowing quote based on the total amount it would cost to pay off these debts. This could give you an idea whether you can save money, although it’s worth finding out whether paying off any of your existing debts incurs any charges or early settlement adjustmentCloseearly settlement adjustmentYou can fully or partly repay your loan at any time during the repayment period. If you choose to settle your loan before it’s completed its full term some of our loans may charge an early settlement adjustment. If you have taken out a Flexible Loan you agree to repay the capital plus the interest as it accrues. If you pay off your loan in full before the end of the agreed term, we'll calculate what you owe us at the time which will include capital plus interest accrued but no additional charge. If you’ve taken out any of our other loans, the amount you agree to repay includes interest that is charged to the end of the loan term. If you make an early settlement we'll reduce the charge for credit you have agreed to pay us which means you wouldn’t have to pay all of the interest. This reduction may be adjusted by up to 58 days’ interest - this is the early settlement adjustment.

Keep in mind that if you choose to extend your repayments over a longer term, you may pay more interest overall, even if the monthly repayments are lower. Your new loan may also incur a higher interest rate than you are currently paying.

You may also want to reduce credit limits on, or close, any credit cards or overdrafts that you are paying off with your new loan. This may help you manage your total debt.

More information on managing debt

If you've done your research and have decided a loan is the best option for you, a Flexible Loan from Bank of Scotland might be able to help you consolidate your debt, and other large purchases you might make.

Our responsibilities to you

We'll never encourage you to borrow more than you can afford. To help you get it right, we have lots of help and guidance.