Clydesdale Bank

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Company Information

  • Company Name:
    Clydesdale Bank
  • Website Address:
  • Business address:
    Direct Banking Timor House Mariner Court Clydebank Business Park Clydebank G81 2NR
  • Phone number:
    0800 707 6471

Debt is something that almost everyone seems to have. But there’s manageable debts and unmanageable debts. With credit card interest rates often as high as 35% and payday loans with astronomical rates, it’s better to move borrowing from these expensive forms of credit to something more manageable. And there’s never been a better time to do this, with Clydesdale Bank (CBonline.co.uk) offering an amazing 4.9% APR loan that can be used for debt consolidation.

The loan is available for sums between £1000 and £25,000, and at least half of those applying for sums between £7500 and £15000 are accepted with a low interest rate of 4.9% APR. This rate is obviously credit-profile dependent, but it’s worth a shot applying and with fixed interest rates you’re not at the mercy of sudden interest rate hikes that regularly affect credit card users. Of course unlike a credit card you will have to pay off the balance as well as the interest, but at the end of the loan term – between one of five years depending on your choice of loan length – you’ll be debt free.

The loan is very simple to apply for, and despite being a Scottish bank anyone from the UK is able to apply as long as they meet the eligibility guidelines. Anyone aged 23 to 74 who earns at least £15,000 a year is eligible, and those who bank with Clydesdale can even apply from age 18. An instant online decision is available, although you’ll then need to print off, sign and post some paperwork. Despite this many get access to the funds within a week, and are able to cut the cost of servicing their debt to a fraction of what they were previously paying.

As the loan isn’t dedicated to debt consolidation, but advertises that it can be used for this purpose, you can combine your reason for taking the loan with other purpose. For instance you could also use it to buy a car to get to a new job, or to do home improvements in order to get a better price if you’re considering moving. Should your financial circumstances improve you can also pay off the loan early, in full or in part, with just 58 days interest charged as a penalty for doing so.

39 Reviews of Clydesdale Bank have been submitted - read the latest 3 below

I am so glad we have the internet and also that there are banks out there that are happy to give affordable loans to people regardless of whether or not they are existing customers of theirs. I'm also very glad that I chose Clydesdale Bank for this loan which I am going to put to very good use consolidating some of my debts. Apart from having to print the documents before signing them and posting them back to Clydesdale Bank every other aspect of this loan process has been absolutely problem free. I would definitely use Clydesdale Bank again if I needed another loan but before that I'd make sure my printer was working properly. Having some ink in it would be a good start!

Review posted by Rowena Hall, Solihull

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Taking out a debt consolidation loan with Clydesdale Bank was the best decision I have made in a long while. I had noticed my monthly bills were eating into my wages and leaving me with not a great deal left and so something had to be done to improve the situation. I called my local branch and discussed the idea of a loan to consolidate my debts and they were very helpful. They told me to work out exactly how much debt I wanted to clear and to base my loan amount on that. They even suggested using their online loan application to speed things up. So that's exactly what I did and even though I have had to make a few calls to the loan adviser at my local branch to ask some questions before signing the loan agreement it still only took less than a week for me to get the money paid into my account. I am about to start working my way through the list of debts I want to clear and I just wanted to say a huge thank you to Clydesdale Bank first for making this so easy for me.

Review posted by Joan McKinnock, Bankfoot

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Let's do something about these debts of ours before we're too old to get a loan says my wife. She'd heard about debt consolidation loans from someone she works with and decided that's what we needed to do before our debts became a problem for us. I told her to leave it with me and I'd sort it, which is generally what I say in response to her all too frequent suggestions about improving the overall quality of our lives in various ways. In her defence most of them have been to do with saving money and so this time I got straight onto our bank and enquired about a loan for the purpose of consolidating some of our main debts. Clydesdale Bank don't advertise a specific debt consolidation loan but do state that their personal loans can be used for that purpose so I worked out how much we would need to borrow and applied online for a quote. I got an instant response which was very favourable and once I had agreed to the terms of the loan, printed and signed the documents I only had to wait another 3 days for the funds to arrive in our account. My wife was delighted and surprised in equal measure as she had no idea that I had actually taken any notice of her earlier suggestion. She's always accusing me of never listening to her so this was a great opportunity to prove her wrong. Thanks Clydesdale Bank for making this such an easy task for me!

Review posted by Gordon Lewis, Dumbarton

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  • Value For Money