What are the benefits?

With a holiday loan, you could benefit from:

  • 6.7% APR Representative on loans between £7,500 - £25,000 over 1-5 years. 
  • loans between £1,000 and £50,000 over 1 to 7 years. 
  • a wedding you really want without having to pay for it all up front.
  • spreading the cost of your wedding and pay it off in monthly instalments to suit your budget.

Other amounts and terms are available at different rates. How much we lend and the rate available are subject to our assessment of your circumstances.

Planning your holiday

Deciding on your budget - What kind of holiday do you want. Are you staying close to home or jetting across the world? Write down everything you'll need to pay for and how much it might cost.

Making your plan - Doing research about where you’re travelling to is important. Try to find the local going rates for things like taxis, food and accommodation. This can help make sure you’re getting a fair price for things.

Before you go - Have you arranged travel insurance and make sure to save some useful phone numbers in case you lose your card.

Can I apply for a holiday loan?

To be eligible to make an application, make sure:

  • You have a Bank of Scotland current account held for at least 1 month.
  • You're a UK resident (apart from the Channel Islands and the Isle of Man).
  • You are age 18 or over with a regular annual income.
  • You haven't been declined for credit in the last month.
  • You don't have a history of bad credit such as arrears, county court judgements (CCJs), default or bankruptcy.

Log in to Internet Banking or the Mobile Banking app and get your personalised quote in 1 minute.

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Loan calculator

See how much you could potentially borrow with our Loan calculator.

While the calculator will give an indication of monthly payments and APR, you can find out your personalised rate by logging in to Internet Banking.

Loan calculator

Representative Example

You could borrow £10,000 over 48 months with 48 monthly repayments of £237.16. Total amount repayable will be £11,383.68. Representative 6.7% APR, annual interest rate (fixed) 6.5%.

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.

Paying it back - what you need to know

Managing your loan - it's easy to keep track of your loan using Internet Banking or the Mobile Banking app. You can also phone us or visit us in branch.

Repayment holidays - you can apply for up to two repayment holidays of 1 month in a rolling 12-month period, if approved. Interest will still be charged for the months that you don’t make any payments, so you'll pay more interest overall and your original term will be extended.

Make further payments with no extra charge.

Other ways to apply for a loan

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.

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

Frequently asked questions

  • Using a loan to pay for your holiday depends on your individual circumstances. Will you be able to afford to pay the loan back, taking into account any interest and fees? Would another borrowing option be cheaper or more suitable for you?

    Use our loan calculator to get an idea of what your monthly repayments may look like. You can also get a personalised quote by logging in to Internet Banking.

    Saving up and paying for as much as you can afford before your wedding is always a good idea. This can reduce the amount you may need to borrow – you might not need to borrow at all. Our budgeting tips may help you save for your wedding.

    If you do want to borrow money to help pay for your wedding, there are other options available. It is important to select the one that suits your needs. View our borrowing options.

  • A holiday loan is a personal loan. Once the money is in your account, you then have the flexibility in how you want to use the loan towards the cost of your holiday.

    There are some things you can't use a personal loan for. 

    We can't issue loans for:

    • Any illegal activity.
    • Speculative purchases such as, gambling, investments and share purchases.
    • Business-related purposes.
    • The purchase or lease of land or property, either in full or in part. This includes deposits.
    • Timeshares/holiday clubs.

    These limits apply whether you want to borrow money for yourself, or to support someone else. For example, you can't take out a loan and give it to someone as a deposit for a house.

  • Getting a personalised quote with us does not use a credit check or affect your credit score.

    When you apply for a wedding loan, we'll perform a credit check. This is to help us understand how likely you are to pay the loan back. Learn more about how credit checks work.

  • We look at lots of things when calculating the interest rate you are offered. When you apply, we'll give you a personalised quote based on many factors, such as:

    • Credit history.
    • Past account history.
    • How much you want to borrow.
    • How long you want to repay the loan over.
    • Other personal details we hold.
  • You'll start to repay the loan the month after you take it out - you can specify which date each month the repayment comes out. 

    You can change this date in the future if you need to. The repayments will be taken each month by Direct Debit.

    The repayments are fixed so they won't change until the loan is paid off.

    If you miss a repayment (such as there is not enough money in your account), we'll try once more to take it by Direct Debit within 7 days. If we still can't take your repayment, you'll be charged a £25 fee. Full details will be provided when you apply.

    You can make extra payments with no charge. If you pay the loan off early, we may charge you up to 58 days’ interest – but you are still likely to save on interest payments.

Is a personal loan the right option for you?

When borrowing money, you need to make the right choice for you and your circumstances. Other borrowing options may be more suitable.

Other borrowing 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.