Yorkshire Bank

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Company Information

  • Company Name:
    Yorkshire Bank
  • Website Address:
  • Business address:
    30 St Vincent Place, Glasgow G1 2HL
  • Phone number:
    0800 707 6471

Yorkshire Bank (YBonline.co.uk) offer one of the most flexible personal loans from any high street bank. They claim their personal loan, which has a representative APR of just 4.9%, is available for “any purpose”. This makes it ideal for circumstances that might turn up the noses of more picky lenders. With instant online decisions available, as well as the ability to go into a branch if you prefer a more personal approach, this is a good option no matter how you prefer banking. The loan can be paid into any bank account, so you don’t even need to be a Yorkshire bank customer.

Loans are available up to £25,000, but loans are more frequently made in the £7500 to £15,000 range. Typically loans are made for periods of between one and five years, although loans of £15,000 or more can be made over six or seven years when used to repay existing loans from Yorkshire Bank. Flexibility is a key factor when deciding on a lender, and thankfully Yorkshire Bank offer early repayment options should your financial circumstances improve with a early repayment charge of just 58 days interest or less.

Interest rates are fixed for the duration of the loan, so you won’t be a victim of changes to the Bank of England base rate or the whims of the bank. With most borrowers able to achieve a relatively low 4.9% APR interest rate this could be a great option for those needing a loan to make an investment in themselves or their property, or simply needing a way of reducing the interest they’re paying on other debts.

Eligibility requirements limit the loan to those between the ages of 23 and 74 – with the exception of existing Yorkshire Bank customers who can take the loan out from age 18 – and require the borrower to have a minimum annual income of £15,000 or greater. Interest rates will vary based on circumstances, as is the case with the vast majority of financial products, so ensuring your credit score is as good as it’s going to get before applying is always a good idea.

239 Reviews of Yorkshire Bank have been submitted - read the latest 3 below

I was delighted when I got this loan approved by Yorkshire Bank mainly because I thought not being a current customer of theirs they would be far more particular about what they require from potential borrowers who don't already have a current account with them. I know they stated that you didn't have to be a current account holder but because my own bank weren't very forthcoming with a loan offer I assumed other banks would maybe be the same towards me. I really needn't have worried because I have ended up with a really great loan at a fixed rate of 5.4% which is actually the lowest APR I had been quoted and that was good enough for me. I accepted the terms of the Yorkshire Bank loan without hesitation and I am currently waiting for the transfer to be completed and I finally have the money in my account.

Review posted by Barbara Riley, Birkenhead

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Even if you are quite happy with your own bank it is worth shopping around when you are looking for a competitive loan. Not all banks require you to be current customers of theirs to give you a great loan offer. I found that out when I went onto the Yorkshire bank website and saw for myself what they are offering anyone in the UK who is credit worthy and looking for an affordable loan. I did a bit more research before going back to the Yorkshire bank website and was happy that I had made the right choice to go with them for this loan. It strange to think I have got such a great deal on a loan from a bank that I have never even stepped foot in but that's the beauty of the internet and the online loan facilities that banks offer these days.

Review posted by Lance Entwistle, Basingstoke

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

My parents were giving me 10K which they thought would be plenty of money for me to have my dream wedding but I couldn't bear to tell them it wouldn't be anywhere near enough for the sort of wedding I had planned in my head for the past 2 years since getting engaged. My fiance suggested we say nothing except a huge thank you to them and then set about making up the shortfall ourselves. We decided to take out a personal loan in my name and because I bank with Yorkshire bank I thought it best to keep with them for the loan. It would just make things easier all round and as Yorkshire bank were offering a really good rate at the moment we were going to get a decent loan and not be paying over the odds for it. I've always had a good credit rating so I knew I would be in line for a good offer and thankfully Yorkshire bank didn't let me down. I've just had the loan approved and I am delighted because I can start using it for all the hidden expenses that my parents won't even have been aware of bless them, and when it comes to the dress, the cake and the all important wedding reception I can proudly say that my parents paid for it. Thank you Yorkshire Bank!

Review posted by Tracey Freeman, Cheshire

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money