Overlay
Joint loans

Work towards your goals together with a joint loan

Representative 6.6% APR

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.

Fast and simple joint personal loans with Royal Bank of Scotland

Get a quote with no credit score impact

If you both have a Royal Bank of Scotland current account and you're looking for a joint loan, in most cases we’ll confirm the loan amount and rate at the start of your application with no impact on your credit score.

Information Message

Apply in minutes

It can take as little as 10 minutes to apply for a Royal Bank of Scotland loan online. We'll ask you to log in to Digital Banking so have your details handy.  We will also pre-fill some of your details to make the journey easier.

Information Message

Money in your account the same day

You could get your joint loan funds on the same day if you apply online, are unconditionally accepted and both parties sign their loan documents before 5.45pm Mon – Fri.

If we need to contact you for some additional information, it can take a little longer. 

Information Message

About joint loans

Whether you’re working on a big dream or a little emergency, a joint personal loan could be an option if you’re looking to borrow money with a partner, family member or friend.

If approved, you could use a joint loan to: 

Information Message

Linking your finances

Taking on any new debt is a big decision, especially when you’re doing it as a team.

If you’re approved, your credit files will be linked and future lenders may take both your scores into account before approving you for any other borrowing. 

It’s also key to know that if the person you’re taking a loan with defaults on a payment or the entire loan amount, you will be responsible for the full payment amount. 

Loan steps in detail Your steps and their steps

How to get your joint loan

Starting the application? You’ll need to tell us:

  • Both your addresses for the last 3 years.
  • Both your incomes and outgoings (how much you spend).
  • A different mobile number and email address for each of you.

Second applicant? Here's what you need to do:

  • Log in to the application when we ask you to.
  • Check you’re happy, then sign your documents.

After you’ve both signed the credit agreement, we’ll do some final checks. If everything's OK, we'll pop your money in your account. 

 

Loan repayment terms

This is the length of time you can take a loan over, depending on the amount you're borrowing and what it will be used for.

Loan calculator

Home improvement loans are available over an extended term, up to 10 years.

How much would you like to borrow?

Representative 6.6%  APR

The Representative APR changes based on the amount you borrow. You can borrow more than £7,500 over a period of up to 8 years. 

Representative 6.6%  APR

The Representative APR changes based on the amount you borrow. 

How long would you like to repay?

60 Months

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.

What does APR mean?

APR can be confusing. Grab a cuppa, take a few minutes and read our guide to APR for some help.

warning Message

Can I pay off my loan early?

Get a free personalised quote

If you both have a Royal Bank of Scotland current account and you're looking for a joint loan, in most cases we’ll confirm the loan amount and rate at the start of your application with no impact on your credit score.

Let's get ready to apply

Before you apply, we need to check you're happy with a few things.

First, you can apply online if you:

  • Are 18+ and a UK resident with a Royal Bank of Scotland current account (held for 3+ months)
  • Have not been declared bankrupt in the last 6 years
  • Have not applied for a personal loan with us within the last 28 days

Now please read a few other important things:

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application. 

Ready to apply?

Just so you know, you can only apply if you have two loans or less with us right now. (More than two loans? You'll need to pay one off before you apply.)

To speed up your application for a loan, we need to do a few final checks with you. They'll only take a minute.