* 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.
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Products and offers are subject to conditions and can be withdrawn without notice.
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.
You can now manage your loan using Internet Banking.
Log in to Internet Banking to:
Loan, credit card or overdraft? If you are thinking about borrowing it’s important you make the right choice for your circumstances.
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.