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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Holiday Loans
A helping hand to get you to your dream destination
Representative 6.6% APR
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To apply for a loan online, you must be 18+ and a UK resident with a Royal Bank of Scotland current account (held for 3+ months).
About our Royal Bank of Scotland holiday loans
We all deserve to have a break, whether it’s a trip of a lifetime, a relaxing getaway or a family visit abroad. You could use a holiday loan to help you get to your dream destination and pay it over time.
See how much you could borrow
Use our loan calculator to decide how much you want to borrow for your holiday, how long you'll need to pay it off and what the Representative APR rate is.
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Get a personalised quote for a holiday loan
We’ll confirm your loan amount and rate at the start of your application with no harm to your credit rating. All this if you have a Royal Bank current account and you're applying for a sole loan.
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Have your money on the same day
You could get your loan funds on the same day if you apply online, are unconditionally accepted and sign your loan documents before 5.45pm Mon-Fri.
Sometimes we need to contact you for more information, so it can take a little longer.
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Holiday loan calculator
Representative Example
Borrowing
£10,000
Over
60 Months
Monthly Repayment
£195.24
Total Repayment
£11,714.40
Representative
6.6
% APR
(Annual Percentage Rate)
Interest rate
6.60
% 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.
Find a little flexibility with our repayment holiday
When you apply for a loan, based on your circumstances, we might give you the opportunity to defer your first repayment.
- It's only available at the start of your loan term
- You can defer your first loan repayment for a three month period
- If this option is available to you, we'll show the details of your repayment holiday during the quote stage of 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 holiday 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 holiday 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.
