Clydesdale Bank Loans
3% Representative
Will lend between: £1,000 - £35,000
Over: 12 - 60 Months
Are you eligible for Clydesdale Bank Loans?
Check your eligibility before you apply.
- Quick 40 second form.
- No impact on your credit file.
- Free personalised eligibility score.
Clydesdale Bank Loans customer reviews.
1.3 out of 5 stars
Our review of Clydesdale Bank Loans
Unlike some other banks, it’s not essential to hold a current account, card or other form of personal finance with Clydesdale to be able to apply for their loans. You will need to have good credit history though, so if you’ve had a CCJ or default recently then steer clear and find a lender that would be better suited to your circumstances.
If you're pushed for time and looking for a quick injection of cash, then Clydesdale will not be the best option for you. Once approved customers must send back their completed documentation – after that it can take up to five working days for the loan to be credited into the chosen account.
On Choose Wisely reviews about Clydesdale are mixed. Their process is said to be detailed and they ask a lot of questions, but this is to be expected when applying for finance from this type of lender, especially if you’re asking for amounts towards the higher end of the scale. On the plus side, you can also choose to make repayments weekly which is a real bonus for customers that get paid weekly rather than monthly.
Overall verdict: Clydesdale offer a similar offering to the other banks and are a solid lender worth researching if you have good credit. If your credit history isn't great you'll be better off checking out our bad credit loans comparison table.
Andrew joined Choose Wisely 5 years ago, originally working in a design capacity to make sure the website was simple to use. Most notably he worked with the Consumer Finance Association to design the comparison table of choice for High-Cost Short Term Finance products.
Highlights
- You do not need to a be current customer
- Online account management
- Instant decision online, over the phone or in branch
- You can choose to make weekly or monthly repayments
Minimum criteria
- You must be aged 18 or over
- You will need to have good credit history
- You must have a permanent UK address
- You must have a UK bank account
- You will need to have a debit and/or credit card
Fees
- Maximum APR 29.9%
- Arrangement fee: £0
- Early repayment fee: £20
- Late payment fee: £0
About Clydesdale Bank Loans
Clydesdale Bank offer fixed rate personal loans from £1,000 to £35,000 paid back monthly over a period of one to five years. Representative APRs vary in accordance with the amount borrowed; £1,000 - £2,999 is 20.9%, but this decreases when larger loans are requested and may change during the application process due to your personal financial circumstances.
The application can be completed online, in a branch and over the telephone and a quick, decision is made. You don’t need to have a bankaccount with them, but you will need a good credit history to apply to Clydesdale Bank, so if there are a few blemishes on your record then this loan may not be suitable for you.
There are no arrangement fees to pay, however early repayment of the loan incurs a charge of up to 58 days’ interest on the amount that you’re repaying.
FCA registration
Reference No: 121873
Trading names: Clydesdale Bank, Yorkshire Bank
Place of business: 30 St Vincent Place, Glasgow, G1 2HL
Data protection registration
Registration No: Z5602404
Data controller: Clydesdale Bank Plc
Address: 30 St Vincent Place, Glasgow, G1 2HL
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