Apply for a  car loan

You need:

• Your Digital Banking log-in details.
• Your addresses for the last 3 years.
• Your income, spending and employment info.

Yes – and it’s easy to do:

1. Log in to your Royal Bank of Scotland mobile app.
2. Tap ‘Apply’ in the bottom right-hand corner.
3. Go to ‘Loans’.
4. Follow the info to complete your application.

To get our app, you need to be age 11 or over, have a UK mobile number (or international mobile number in some countries) and use a compatible iOS or Android device.

Car finance covers all the ways you can borrow money to own or rent a car – including hire purchase, personal contract purchase, leasing and car loans. So, a car loan is just one type of car finance. 

Need to borrow to get a car? We offer car loans, which are a popular option. Here’s how they compare to hire purchase, personal contract purchase and car leasing.

Car loan: no deposit and you’ll own the new or used car outright

With a car loan from us, you could borrow up to £50,000 to buy a new or used car. If you’re approved, you’ll receive the money in your bank account – and can use this to buy your car. You then pay the car loan back in fixed monthly payments over up to 8 years.

Hire Purchase (HP): usually a deposit – you don’t own the car until you pay in full

Hire purchase isn’t something we offer. You’d usually pay a deposit – and then make fixed monthly payments to a car finance company for a new or used car. You won’t own the car until you’ve made the final payment.

Personal contract purchase (PCP): deposit and chance to own car at end of contract

We also don’t offer personal contract purchase. You’d usually put down a deposit and borrow towards some of the remaining value of the car. At the end of the contract, you can return the car, or make a final larger payment to own it.

Car leasing: renting a car with no opportunity to own the car

We don’t offer car leasing. Car leasing is a way to rent a car. You’d usually put down a deposit, then pay each month – normally over 1 to 5 years. You’ll never own the car.