This rate is available on loans between £7,500 and £14,950. Other loan amounts are available at alternative rates. Our rates depend on your circumstances, loan amount and term and may differ from the Representative APR.
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Top up your loan
Want to top up your loan? Check out your options now.
Representative 6.6% APR
To apply for a loan you must be 18+ and a UK resident with a Royal Bank of Scotland current account (held for 3+ months).
Apply in minutes
It takes minutes to apply online. It's also easy, as we fill out your info where we can.
Get a free quote
Check what you could borrow and your rate before you apply - without affecting your credit score.
Borrow up to £50,000
You could borrow up to £50,000 over 1 to 10 years dependent on how much you are borrowing. If approved, your money will wing its way straight to you account.
You could get your money today
Your money could be in your account the same day if you apply online, are unconditionally accepted and sign your loan documents before 5:45pm Monday to Friday, excluding bank holidays. (It may take longer if we need more info).
Option 1: Replace your existing loan(s)
- Get one bigger loan that pays off your existing Royal Bank loan(s) - and gives you the extra money you need.
- You'll have just one fixed-rate loan payment, so it's easy to manage.
- You'll have a new interest rate, which might be more than the interest on your existing loan.
- You'll need to pay an early repayment fee. This will be included in the amount needed to pay off your old loan.
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Option 2: Apply for a separate loan
- You'll keep your existing Royal Bank loan – which will stay the same, with the same interest rate.
- Then apply for a second Royal Bank loan for any additional borrowing you want.
- Each loan will have its own interest rate and a different number of years to pay it back over.
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What is APR?
Unsure about APR? Take a few minutes to read our helpful guide.
How long could you borrow for?
You could pay back your loan over one to 10 years – it depends how much you’re borrowing and what you’re borrowing for.
Loan calculator
Representative Example
Borrowing
£7,500
Over
0 months
Monthly Repayment
£137.55
Total Repayment
£8,253.00
Representative
3.9
% APR
(Annual Percentage Rate)
Interest rate
3.9
% p.a
(Fixed)
The rate you pay depends on your circumstances, loan amount and term and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator.
Get a free personalised quote
Find out if we're likely to say 'yes' before you apply and how much your loan could cost. Don't worry - a quote takes minutes and won't affect your credit score.
Take a break with a 3-month loan repayment holiday
- At the start of your application, we’ll give you a quote. This might include the option to take a repayment holiday.
- You could then choose to delay your first repayment by 3 months.
- You’ll need to say if you want to take a repayment holiday before you complete your application.
If you take a loan repayment holiday, your loan will take longer to pay back. You'll also have to pay back more each month - so your loan will cost more. This is because we charge interest during your loan holiday.
It's easy to manage your loan
We make it easy to manage your loan, so you're in control:
Pay us back early, if you want
You'll just need to pay a fee.
Make overpayments
Chip away at your balance as and when you can.
Use our quick and simple app
Everything you need in one place.
Change your payment date
Just give us a call and we’ll update your Direct Debit.
It's easy to manage your loan
We make it easy to manage your loan, so you're in control:
Pay us back early, if you want
You'll just need to pay a fee.
Make overpayments
Chip away at your balance as and when you can.
Use our quick and simple app
Everything you need in one place.
Change your payment date
Just give us a call and we’ll update your Direct Debit.
Can I pay off my loan early?
It’s important to remember that if you repay your loan early, you will be charged an Early Repayment Fee. The amount you will be charged will be equal to 58 days’ interest on the amount you repay early (28 days’ interest if the period of the Loan is one year or less). If there is less than 58 days (or 28 days if applicable) remaining on the loan, the calculation will be based on the actual number of days remaining. This is in addition to your outstanding loan amount and any outstanding interest.
