Personal Loan

Personal Loan rate of 6.7% APR representative on loans from £7,500 to £25,000 over 1 to 5 years. Log in to Internet Banking to see how much you could borrow and if you’re likely to be approved. This won’t affect your credit score.

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Your loan quote

Getting a quote is quick and easy and won't impact your credit score.

You'll be able to:

  • Select how much you want to borrow - lending available from £1,000 - £50,000.
  • Decide how long the term will be - terms from 1 to 7 years.
  • How likely to be approved you'll be.

And see:

  • The monthly repayments - how much this will cost.
  • The total cost of the loan - overall cost of the loan, including interest.
  • Your personalised interest rate - fixed for the term of the loan.

Your personalised quote will depend on the loan amount, term you request and your personal circumstances.

If you're happy with the quote you can apply online. If you're approved between 9am and 08:30pm, you'll get your money the same day. Otherwise, you'll have your money before 9am the next working day.

Can I apply for a loan?

To be eligible to make an application, make sure:

  • You have a Bank of Scotland current account held for at least 1 month.
  • You're a UK resident (apart from the Channel Islands and the Isle of Man).
  • You are age 18 or over with a regular annual income.
  • You haven't been declined for credit in the last month.
  • You don't have a history of bad credit such as arrears, county court judgements (CCJs), default or bankruptcy.

Log in to Internet Banking or the Mobile Banking app and get your personalised quote in 1 minute.

Login to get started

Representative Example

You could borrow Â£10,000 over 48 months with 48 monthly repayments of Â£237.16. Total amount repayable will be £11,383.68. Representative 6.7% APR, annual interest rate (fixed) 6.5%.

This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. The maximum APR you could be offered is 29.9% APR.

The representative APR is the rate that at least 51% of people are expected to receive when taking out a loan within the stated amount and term range.

Paying it back - what you need to know

Managing your loan - it's easy to keep track of your loan using Internet Banking or the Mobile Banking app. You can also phone us or visit us in branch.

Repayment holidays - you can apply for up to two repayment holidays of 1 month in a rolling 12-month period, if approved. Interest will still be charged for the months that you don’t make any payments. So you'll pay more interest overall and your original term will be extended.

Make further payments with no extra charge.

These are the types of loans we offer

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Car loans

Ready for an upgrade or considering switching to an electric car? Buying your new car with a Bank of Scotland Personal Loan could give you the flexibility you need.

Car loans
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Debt consolidation

Bringing all your existing borrowing into one loan could help you manage things easier.

Debt consolidation loans
man with child

Home improvements

A loan could help your plans to renovate your home, build an extension, or make your home more energy-efficient such as installing a heat pump or insulating the loft.

Home improvement loans
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Holiday loans

Looking to plan that once in a life time getaway? A Bank of Scotland loan might be able to help. A loan could help spread the cost for things like flights and accommodation.

Holiday loans
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Wedding loans

A personal loan could help make your dream day come true. A loan could help with paying for things like the perfect venue, honeymoon or other expenses.

Wedding loans

However, we can't offer a loan for any of these reasons.We will not lend for - Gambling. Investments, such as stocks, shares and crypto currency. Business reasons. Land or property – buying, leasing or paying a deposit. Timeshares or Holiday Clubs. Anything illegal.

Looking to borrow more?

Decided on a new car, home improvements, or tidying up your finances?

With Bank of Scotland, you can replace your current loan agreement with a new one or apply for a second loan.

Borrowing more

How to manage your loan


You can manage your loan quickly and easily by using the app, or by logging in to Internet Banking.

You can do things like:

  • View your loan statement
  • Apply for a repayment holiday.
  • Make extra payments - with no charge
  • Get an early settlement quote
  • Pay off your loan early.
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