A personal loan for your borrowing needs
If you’ve reviewed your options and are confident a Bank of Scotland personal loan is right for you, log in to Internet Banking to get started. Once there, you can get a personalised quote to see how much your repayments could be. This won't affect your credit score.
Log in to applyThis link opens into our online banking logon page.
If you hold existing borrowing, either with us or other lenders, keeping track of it all can sometimes be difficult. A personal loan could help make things easier by bringing all your borrowing together with just one interest rate, one fixed monthly repayment and a date when it will all be paid off.
If you’re planning to create more space in your home for your growing family or upgrading your kitchen to something more suitable for your needs, a Bank of Scotland personal loan could be a good way of spreading the cost. A loan could also be useful for any essential repairs, like fixing your boiler for example, too.
There are two options available to you.
You can add your additional borrowing onto your existing loan to create a new combined loan, with one monthly repayment. Or you can keep the loans separate by having a new loan running alongside your existing one - so you will have two individual repayments each month.
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A personal loan is money borrowed by an individual rather than by a business and can be used for almost any purpose (home improvement, car, debt consolidation, holiday, etc). Our decision to offer you a loan is based on a number of things, such as your income, existing debt and credit history.
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Personal loans are unsecured, so you're not asked to provide anything as security, such as your home.
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Annual Percentage Rate (APR) is the total charge for credit expressed as an annual rate. It is a standard way of illustrating how much the loan will cost on an annual basis.
The representative APR is the rate you'll see in advertisements. It's the rate offered to at least 51% of successful loan applicants who apply through this website for a particular loan amount. But it isn’t necessarily the rate you’ll be offered.
Your APR will be based on your personal circumstances, the amount you want to borrow and how long you take to repay the loan.
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You can use a personal loan for almost any purpose such as; home improvements, buying a car or to consolidate your existing borrowings.
We will not lend for:
- speculative purchases, for example: gambling, investments and share purchases
- any illegal purposes
- business related purposes
- purchase/lease of land or property, either full or part purchase (including deposit)
- timeshares/holiday clubs