The Royal Bank of Scotland Loans

56 reviews

3.4% Representative

Will lend between: £1,000 - £25,000

Over: 12 - 96 Months

Representative example: Representative Example: If you borrow £7,500 over 60 months at a Representative rate of 3.4% APR and an annual interest rate of 3.4% (fixed), you would pay 60 monthly instalments of £135.93. The total charge for credit will be £655.80 and the total amount payable will be £8,155.80.

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The Royal Bank of Scotland Loans customer reviews.

56 reviews

1.9 out of 5 stars

Truely helpful and quick
17:47 06-11-2018
ImageSmart Money People

The help and advice I got in Branch in Richmond was above and beyond and dug me out a hole

Liam Burnett

Really helpful
09:28 16-01-2018
ImageSmart Money People

I took out a loan some time ago and my local branch has been brilliant in terms of looking at me making additional payments when I can as well as reducing down my monthly payment due to a change in employment. Without their help, I'm sure I would have had plenty more financial issues!

Claire Lacey

Really Helpful
20:02 11-06-2017
ImageSmart Money People

RBS were able to really help me save money by continually looking at their rates to give me the best possible deal. I have re-financed my loan a couple of times now and even when I have borrowed more, I have actually ended up paying less. During a period of unemployment, they were really supportive and looked at what I could do with my repayments so as not to affect my credit adversely.

Claire Lacey

Refused loan
12:50 07-06-2017
ImageSmart Money People

Refused loan for no sound reason since then have had 3 loans and paid them all back !

John bryson

Poor rates
17:24 30-05-2017
ImageSmart Money People

Used to be more competitive , they are constrained by being a government owned company

rebecca wright

excellent loan
12:17 04-04-2017
ImageSmart Money People

great loan fixed rate and affordable apr.

Dimitri Apartopoulos

Our review of The Royal Bank of Scotland Loans

The Royal Bank of Scotland offer rates at the lower end of spectrum with repayment periods ranging from one to seven years. Like most of their competitors, they do have a personalised loan quote application on their website, which doesn’t leave a footprint on your credit rating, but does allow customers to see how much they would be able to borrow and at what rate. Applicants need to be existing customers of The Royal Bank of Scotland and you can pre-populate the form on their website to save time.

The Royal Bank of Scotland provide online account management and the ability to manage your account on your mobile or tablet using your online banking which means that you have control of the loan, and can keep an eye on your remaining balance. A plus point is The Royal Bank of Scotland do not charge any additional fees, and advertise the fact you can overpay whenever you have additional funds.  

At the time of writing The Royal Bank of Scotland have a reviews average of 3.2 out of 5 on Choose Wisely. As usual with these reviews, they take in account all of the financial products they offer, not just loans. Scanning through the reviews online it does seem that a lot of customers are dissatisfied with their customer service and lack of organisation.

Overall verdict: The Royal Bank of Scotland have years of experience in dealing with personal finance, however, it does seem that they have been providing their customers with less than perfect customer service. If you’ve got good credit and have been happy with your The Royal Bank of Scotland experience then it is worth investigating, but if you have any doubts at all that you’ll be accepted then shop around.

Written by: Alex


  • Rates are the same for both new and long-standing customers
  • Keep an eye on the loan with online banking
  • They allow top ups
  • Funds available next working day for digital banking customers

Minimum criteria

  • You must be aged at least 18
  • You must have a regular income and prove affordability
  • You must have good credit history
  • You need to be an existing The Royal Bank of Scotland customer


  • Maximum APR 24.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

About The Royal Bank of Scotland Loans

The Royal Bank of Scotland offer personal loans from £1,000 to £14,950 which can be repaid over a maximum of 5 years and £15,000 to £25,000 can be repaid over a maximum of 8 years. The Royal Bank of Scotland advertise a Representative 3.4% APR, however, rates will depend on personal circumstances and how much you borrow.

You can apply for a loan with The Royal Bank of Scotland either over the phone, in branch or online. After completing an application online you will be granted an agreement in principle – this is not their final decision. Once The Royal Bank of Scotland have completed their credit assessment process and you’ve been accepted, the funds will then be transferred to the The Royal Bank of Scotland account specified on your application. If you are already a digital banking customer funds can be transferred as soon as the following working day.

The Royal Bank of Scotland allows for top ups on the loan and this can be either completed by opening an additional loan or replacing your current loan, however, total borrowing cannot exceed £25,000. The Royal Bank of Scotland also allow early repayments, however, you will be charged. As a current customer, you can manage your loan using their digital banking service, online or on your mobile or tablet.

In order to apply for a loan with The Royal Bank of Scotland, you must be an existing The Royal Bank of Scotland current account holder, at least 18 years old and have a good credit history with no history of bankruptcy. You must also be receiving a regular income.

Company information

Registration number: SC045551

0845 900 0400

Customer Relations, Freepost PO Box 1727, Edinburgh EH12 9JN

FCA registration

Reference No: 114724

Trading names: The Royal Bank of Scotland Plc, Williams & Glyn

Place of business: 36 St Andrew Square, Edinburgh EH2 2YB

Data protection registration

Registration No: Z5957925


Address: 36 St Andrew Square, Edinburgh EH2 2YB

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