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Bank of Scotland Personal Loan |
The Bank of Scotland opened the doors of its first branch in Glasgow, way back in 1783. With the acquisition of NatWest in 2000 it’s continued to grow with offices in Europe, the USA and Asia. The Bank of Scotland is now the second largest bank in Europe and the fifth largest in the world.
Features of the Bank of Scotland Personal Loan
Personal requirements
- Minimum age: 18
- No minimum income required
Deferments and breaks
- COMPULSORY - Repayments do not start until 3 months after the loan is drawn. However interest is charged in the period between the start of the loan and the first payment.
- No repayments for the first 3 months. This option is only available at the loan outset.
Other features
- You can use the loan to consolidate existing debt.
- Joint applications are available.
- If you choose the optional courier service you will receive your loan documents in 24 hours, although delivery may take longer in outlying areas or for weekend applications. A fee of 50 will be payable one month before your monthly payment is due.
How can I compare the Bank of Scotland Personal Loan with other UK loans?
To compare all loan suppliers (including the Bank of Scotland) and choose a loan to suit your personal circumstances, why not use the uSwitch.com loans comparison service? It’s a free and impartial service that will compare all UK loan suppliers in order to find the right deal for you. Simply enter a few details about the amount you wish to borrow and we’ll provide you with a list of the best loan deals.
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LoansQuick Look
Typical APR
9.9% Fixed
Loan amount
£1,000-25,000
Loan term
12-84 months
Loan fee
£0.00
Early redemption charge
Yes
Payment protection insurance
Yes