Royal Bank of Scotland Personal Loan – How to Apply

Thinking of buying your first car or perhaps even funding your dream wedding? Or are you planning to spruce up your home? All of these are possible with Royal Bank of Scotland loans. Their personal loan selection allows you to achieve your dreams and more. 

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Besides giving you personalised quotes, you can also enjoy faster and more efficient applications without harming your credit rating. Plus, your loan application will only take minutes and you can get your funding in your account the same day. 

If you are interested in applying for an RBS personal loan, below are some things you need to know. Take a look!

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Features and Benefits of Royal Bank of Scotland Loans

An RBS personal loan can be used in a variety of circumstances. Whether you’re looking to improve the current state of your home, pay for medical bills, fund your dream wedding, or even consolidate your debt, you know that Royal Bank of Scotland loans cater to your needs. 

Apart from being used in a variety of ways, loan amounts that you can obtain from this financial institution range from £1,000 to £50,000. You will also get a personalised APR, allowing you to pay off a manageable amount every month. 

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As part of its commitment, not only will you have access to a faster application process online, but you will also get your money in your account within the same day. 

Plus, you can also enjoy flexible and long repayment terms, depending on the amount you’re borrowing and what it will be used for. Repayment terms range from 2 to 10 years. However, you are also free to repay your loan early, but remember that you’ll be charged a repayment fee of up to 58 days’ interest.

Applying for an RBS Personal Loan

Interested applicants should be at least 18 years old and above. They must also be a resident of the United Kingdom bearing a Royal Bank of Scotland current account for more than three months or credit or mortgage held for more than six months. 

Likewise, applicants should also be in good credit and financial standing, meaning they must not have declared bankruptcy in the last six years and who have not applied for a personal loan with RBS within the last 28 days. Only individuals who satisfy these requirements may apply online. 

To proceed with the application online, fill out the online application form on their website. If approved, you will receive your approved amount within a day

Fees and Charges

  • APR – Representative 3.4% APR for loans between £7,500 and £19,950; maximum 29.9% fixed interest rate per annum regardless of the loan amount
  • Early Repayment Fee – up to 58 days interest
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The Bottom Line

If you would like to avail of an RBS personal loan today, make sure to check out this guide. With its high loan amount, flexible repayment terms, and personalised quotes, you’re sure to achieve your goals one by one. 

To gain more information about the Royal Bank of Scotland loans, reach out to them at 0345 3030 344. You may also pay them a visit at 36 St. Andrew Square, Edinburgh, United Kingdom, EH2 2YB. 

Note: There are risks involved when applying for and using a loan. Consult the bank’s Terms and Conditions page for more information.