RBS, which along with NatWest, Coutts and Ulster Bank makes up the The Royal Bank of Scotland Group plc, was founded way back in 1727. It’s credited with inventing the overdraft in 1728, which to this date is considered an innovation in modern banking. It has since developed to offer a range of services for its customers including personal loans.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.4% p.a. (fixed). Representative APR 3.4% and total payable £10,524.24 in monthly repayments of £292.34.
If you’ve been to the RBS site and had a quote on a loan, it’s a smart idea to shop around before you sign on the line. Use the table below to compare costs for the loan that you have in mind.
RBS personal loans are only available to RBS current account holders. The loans are “unsecured”, meaning they’re be based on creditworthiness, rather than the use of property or other assets as collateral.
All interest rates are fixed for the duration of your repayment period, however the rate you’re offered will depend on factors like the amount you apply for, the term of the loan, your credit rating and your income. It may differ from the advertised “Representative APR”.
All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.
Bear in mind, however, that lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.
When applying for a personal loan with RBS, factors such as your credit history, income and the amount you apply for will be considered. You shouldn’t apply unless you’re certain you can meet the repayment terms. You’ll then also need to meet the following criteria:
Credit card and mortgage customers must apply online or by phone.
RBS states that these loans should not be used for:
If you’ve decided that an RBS personal loan is right for you, then you can apply online by logging in to your existing RBS banking account and following the personal loans application process. RBS will even pre-fill fields on your behalf where possible.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
With one of the most generous 0% transfer periods on the market, the RBS Longer Balance Transfer card does exactly what it says on the tin.
If you already bank with RBS but have card debt elsewhere, this deal lets you transfer the balance to RBS and enjoy a long interest-free period.
Compare credit cards that earn RBS MyRewards points. Find out how to earn and redeem points and the pros and cons of this reward scheme.
Existing RBS student account holders can apply for this card to cover unexpected expenses and kick-start a good credit history.
Enjoy low ongoing interest rates and no annual fees or foreign transaction fees with this straightforward RBS card.
The Reward Black Card offers fee-free overseas spending and earns points that can be exchanged for cash, vouchers or charitable donations.
Find out where you’ll earn cashback and how much you could pocket with this rewards card rom RBS.
