Borrow £1,000 to £50,000 with fixed rates and flexible terms. No hidden fees, just straightforward lending
Royal Bank of Scotland Loans – Because Who Doesn't Need Extra Cash?
Whether you're planning a dream holiday or finally fixing that leaky roof, RBS's Personal Loan offers amounts from £1,000 to £50,000, with fixed interest rates and flexible repayment terms. Plus, no arrangement fees to worry about
Check Your Eligibility
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Whether you're planning a dream holiday or finally fixing that leaky roof, RBS's Personal Loan offers amounts from £1,000 to £50,000, with fixed interest rates and flexible repayment terms. Plus, no arrangement fees to worry about
Check Your Eligibility
You will remain in the same website.
Here are some reasons why an RBS Personal Loan might be just what you need:
Borrow £1,000–£50,000
Fixed interest rates
Up to 8 years to pay
No arrangement fees
Check Your Eligibility
You will remain in the same website.
Advantages and Disadvantages of the Royal Bank of Scotland Personal Loan
Pros:
- Flexible Loan Amounts: Borrow between £1,000 and £50,000 to suit your needs.
- Fixed Interest Rates: Enjoy predictable monthly payments throughout your loan term.
- No Arrangement Fees: Apply without worrying about upfront costs.
- Flexible Repayment Terms: Choose repayment periods from 1 to 7 years.
- Overpayment Option: Make additional payments at no extra cost to reduce your loan balance.
- Quick Decision: Receive a decision on your application, often within minutes.
Cons:
- Eligibility Criteria: Must be 18+, UK resident, with a minimum annual income of £10,500.
- Credit Check Required: Application approval depends on your credit history.
FAQ
To apply, you must be at least 18 years old, a UK resident, and already hold a Royal Bank of Scotland current account for at least three months. If you’re hoping for an easy ride with no credit check, think again—your financial history will be assessed!
You can apply for a loan between £1,000 and £50,000, with repayment terms ranging from 1 to 10 years. The actual amount and terms depend on your financial situation—so if you’ve been dodging bills, expect a reality check.
If you're approved and applying online, you could receive the funds on the same day, provided your application is processed before 5:55 PM. Otherwise, it might take a little longer—but don’t worry, it’s still faster than waiting for your mate to pay you back.
No arrangement fees or sneaky hidden charges here! However, if you decide to pay off your loan early, you might have to cough up an early repayment fee. So, weigh your options before splashing that bonus on clearing your debt.
RBS offers a soft credit check to see if you're eligible—so no harm, no foul. However, if you proceed with a full application, expect a hard credit check, which could give your score a temporary wobble.
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