Countdown to Christmas - Loans Prize Draw

If you’re a Bank of Scotland Personal Loan customer, you’re in with a chance to have your loan balance paid off in time for Christmas.

12 winning loans over 12 days

All Bank of Scotland customers with an active Personal Loan balance will automatically be entered into our Loans Prize Draw, with winners being notified between 7th to 18th December 2020.

There’s nothing extra you need to do. We just wish you all the very best of luck, both now and for the future.

If you’re a winner we’ll notify you. You have the option to decline the offer, but note that there is no cash alternative.

Please read on for eligibility criteria, terms and conditions.

To be a winner, you must:

  • Be aged 18 or over.
  • Have an active loan account opened on or before 31st October 2020.
  • Have made at least one monthly repayment to any new loan.
  • Live in England, Scotland or Wales.

This offer isn’t available to customers in Northern Ireland, or to employees of Lloyds Banking Group.

Important to know:

  • We may ask winners to take part in publicity activities.
  • All draw entries have an equal chance. The draw process will be independently verified by a senior manager outside of our loan business.
  • If you win, but have refinanced to a new loan account with us before we apply the prize, we’ll reduce your new loan by the original winning loan amount only.
  • If you would like to opt-out of the draw, please contact us by phone on 0345 604 7291. Speak to an adviser 8am-6pm Mon-Fri, or 9am-5pm Sat and Sun.
  • In all matters relating to the offer, our decision is final. We will not respond to related queries. We do not accept any liability for any letters or communications lost, damaged or delayed in transit.
  • We maintain the right to withdraw the offer at any time but, for the avoidance of doubt, all loans that become eligible before the offer is withdrawn will be entered into any remaining prize draws.
  • Bank of Scotland plc is the promoter of the Loans Prize Draw.
  • Loans Prize Draw T&Cs

    You are not eligible for the draw if you are an employee of any company in the Lloyds Banking Group or live in Northern Ireland.  Your loan account must have been opened on or before 31st October 2020 and you must have made your first monthly repayment.

    1. The offer is a free prize draw.  To qualify for entry to the draw you must be at least 18 years old and live in England, Wales or Scotland. The draw is open to existing Bank of Scotland personal loan account customers. Your loan account will automatically be entered into the draw if you are eligible. 

    2. The draw will take place on the 1st December 2020 and 12 winners will be drawn at random using a computer programme.  The process will be independently verified by a senior manager outside of our loans business.

    3. Winners will be notified between 7th to 18th December 2020, and 12 loan accounts will be paid off by us, with the outstanding loan balance being taken to nil and closed. There is no cash alternative to having the loan account paid off. If selected as a winner, you have the right to refuse having the loan paid off.

    4. Entry to the draw will not affect any of the conditions of your personal loan account, including the interest rates. 

    5. Loans closed in default of the loan terms and conditions with debt outstanding are not eligible to be included in the draw. There will be one draw entry for each loan account. This means joint loans will count as one draw entry not two. If a qualifying loan is a winning account but before we have applied the prize you refinance to a new loan account with us, we will reduce your new loan account by the amount of the original winning loan. All individual entries into the draw have an equal chance of having their loan paid off as other loan accounts in the draw. 

    6. We will not be responsible if the draw cannot go ahead, is delayed or cancelled because of a legal or regulatory issue, a systems failure, the failure by any third party to perform services or for any cause beyond our reasonable control.  

    7. In all matters relating to the draw, our decision is final and we will not respond to further questions or queries. We do not accept any liability for any letters or communications lost, damaged or delayed in transit.

    8. We may ask the winners to take part in further publicity. We are also required to make available prize winners’ surnames, winning entries and county of residence, however prize winners have the option to opt out if they choose. 

    9. We maintain the right to withdraw the prize at any time.

    10. Bank of Scotland plc is the promoter of the Draw. Its registered office is at The Mound, Edinburgh, EH1 1YZ

    In these rules, ‘we’, ‘us’ and ‘our’ refer to Bank of Scotland plc trading as “Bank of Scotland”.

    Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.

     

Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.