RBS personal loan calculator and review
The Royal Bank of Scotland, commonly referred to as RBS, offers unsecured, fixed-rate personal loans to its existing customers. Loan amounts between and starting from .

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyIf 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.
To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyMaximum loan
£50,000
Product fee
N/A
Early redemption fee
Yes
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.
Loan amount not specified | |
Loan terms | From year to years |
---|---|
Age eligibility | Age eligibility not specified |
Application fee | No application fee |
Repayment holiday | Repayment holiday not permitted |
RBS personal loans are only available to RBS current account holders. The loans are “unsecured”, meaning they’re 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.
Royal Bank of Scotland has received generally poor reviews from customers, according to review platform Trustpilot. It currently has a rating of 1.4 out of 5, based on more than 170 reviews (updated May 2024).
For queries about personal loans you can call RBS on 0345 724 24 24. Alternatively, you can use the in-app chatbox ‘Cora’ to contact customer support.
If you need to borrow funds in a hurry to cover an unforeseen expense, this guide explores your options.
Wollit is a credit building service that aims to help improve your credit score by reporting your monthly plan payments to the UK’s 3 major credit reference agencies.
Abound (formerly Fintern) is a UK lender that promises to offer borrowing “reinvented”, with affordable tailored loans.
JN Bank offers personal loans with a focus on flexible repayment options, but what rate can you expect?
You’ll find customer satisfaction star ratings on some of our personal loans provider reviews. Here’s how we came up with them.
44% of Brits have gambled at least once in 2023. We unpacked the latest statistics to see what we are gambling on and how much we spend.
Looking to build your credit score at no cost? Loqbox is an innovative new service designed to do just that.
United Trust Bank offers second-charge and ‘mini’ mortgages of £10,000 to £1 million repayable over 2 to 30 years. See how other lenders compare.
Looking for a personal loan? Read the definitive guide to find out how to compare interest rates, fees and features to find the right loan for you. There’s a range of loans available to apply for – we’ll help you find the right one.
Compare live rates, fees and eligibility criteria from a range of lenders to get the right loan for your needs at the lowest overall cost.