The Royal Bank of Scotland (RBS.co.uk) is a member of the Royal Bank of Scotland Group. The bank is one of the largest providers of financial products and services in the UK, with current accounts, savings, insurance, mortgages and loans available to help its customers manage their money.
The Royal Bank of Scotland’s personal loan can be used in whatever way the customer sees fit – once the loan is in your account, it’s yours to spend, with no obligations as to where the money goes. Whether you’re looking to improve your home, cover the costs of an important life event or simply pay for a holiday without blowing your savings, the Royal Bank of Scotland’s loans are there to help make your dreams a reality.
Customers taking out a personal loan from the Royal Bank of Scotland could borrow as little as £1,000 up to £25,000. Loans between £1,000 and £14,950 can be paid back over a term of one to five years, while larger loans up to £25,000 can be repaid over seven years. The interest rate that you’re given when you receive your loan will be fixed for the entire term, meaning you’ll be looking at a predictable and affordable monthly repayment, potentially up to seven years.
The Royal Bank of Scotland personal loan is available to customers who have held a current account with the bank for six months or more, are over the age of 18, and are current UK residents. If you meet this criteria, you can easily find out how much you may be able to borrow and what sort of interest rate you’ll receive by using the Royal Bank of Scotland’s website’s “Quick Quote” calculator. This tool fills the necessary form in for you automatically and could give you an immediate decision on your loan.
If you are self employed or nearing retirement and want to apply for a Royal Bank of Scotland personal loan, you’ll need to apply in your local RBS branch or over the phone.
