Royal Bank of Scotland

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Company Information

  • Company Name:
    Royal Bank of Scotland
  • Website Address:
  • Business address:
    36 St Andrew Square, Edinburgh, United Kingdom, EH2 2YB
  • Phone number:
    0800 148 8331

As one of the UK’s largest and most influential banks, The Royal Bank of Scotland (RBS.co.uk) is also one of the UK’s top sources for borrowing. The bank prides itself on being a responsible and ethical lender, aiming to help its customers achieve financial stability and prosperity, reducing their debt and getting onto a positive financial path.

To help its customers manage their finances and debts effectively, The Royal Bank of Scotland has debt consolidation loans available. A debt consolidation loan is a loan that is used to pay off any other outstanding debts, allowing the customer to focus on one monthly repayment at a steady interest rate. By replacing higher interest debts, like those accrued by credit cards and store cards, with a longer-term RBS debt consolidation loan, customers can deal with a more manageable and stable loan. This can save money in the long term and enable customers to get out of debt over time.

While debt conslidation isn’t a perfect way of dealing with outstanding debts, it’s often the most affordable and simple option for many customers who are struggling with their finances. If you have outstanding debts and are looking to consolidate them with a RBS loan, make sure that you calculate the full cost of your debt, including any repayment fees and charges, and work out exactly how much the loan will cost you over time to be sure that it’s the best solution for you. Speaking to a financial adviser at your local RBS branch or over the phone will help to clarify your plan and ensure that you’re making the right decision.

The Royal Bank of Scotland’s debt consolidation loan can range from £1,000 to £25,000. Customers must be over 18, have a steady income and no history of bankruptcy to apply. To apply for a debt consolidation loan, get a quote from the RBS website, call the bank’s contact number or visit your local branch.

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

I did a bit of homework and worked out how much I would need to consolidate most of my debts and then I got onto the RBS website and checked to see what a loan would be costing me to do this. It was obvious straight away that a loan with the sort of rates and repayments RBS were quoting was definitely going to be the right way for me to go about clearing these debts. I went straight ahead and applied for a loan before I lost the momentum. I had it all sorted and finalised within 48 hours and I am about to start the job of clearing those debts now. I'd advise this type of loan to anyone in a similar position because it really is the ideal way to sort out any worrying debts.

Review posted by Harry White, Cheshire

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Thank you very much indeed RBS for this excellent loan which is going to be used for some debt consolidation. I know some people might think getting a loan to pay off debts is just compounding the problem. But not if you can manage to get such an affordable loan like the one I have just got from RBS. The repayments on this loan are a fraction of what I am currently paying out each month with individual debts so for me it is the most sensible thing to do and fortunately for me RBS agreed. They have given me a very decent rate on this loan and followed it up with some sound advice about how to prioritise my debts and which ones I should be dealing with first. Thank you very much RBS for this loan and for the advice which is much appreciated.

Review posted by T. McDermott, Manchester

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I am not alone in having debts but my debts were keeping me awake at night and i knew that wasn't good long term for my health so I did the sensible thing and applied for this loan from RBS. They advertise their loans can be used for debt consolidation so I felt they would be sympathetic towards my reasons for needing the loan and they were. I even think I have got a much better rate because it is a debt consolidation loan so I really couldn't be happier with what RBS have done for me with regards to this loan and the very good advice they have given me also. It has renewed my trust in them as a responsible bank.

Review posted by Marion Nolan, Windsor

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