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Bank of Scotland

Compare loans from the second oldest bank in the UK.

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Loans displayed have term lengths between 6 months and 5 years, and 4.3% APR.

APR Total repayable

The amount is based on monthly compounding and for comparison purposes only.

Monthly repayments

Bank of Scotland Car Finance Plus

  • Quick and easy online application, no credit searches
  • We pay the dealer directly, most UK dealerships are covered
  • Only available to Bank of Scotland current account customers
More info
4.3% APR Representative
£222.16 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Aged 18 or older
  • Existing personal current account customers only

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 4.3% per annum would result in a representative rate of 4.3% APR, monthly repayments of £222.16 and a total amount repayable of £7,997.76.

Warning: Late repayments can cause you serious money problems. For more information see our debt help guides.

uSwitch Limited is a credit broker, not a lender, for consumer credit products. Our services are provided at no cost to you, but we may receive a commission from the companies we refer you to. For some loans a broker fee of up to 12.5% may be added to the cost of the loan.

About Bank of Scotland

The Bank of Scotland is the second oldest bank in the United Kingdom, being formed one year after the Bank of England. Today it functions as a clearing bank for the whole of the UK.

As well as being one of Scotland’s three banks, it has a long and distinguished history, being the first bank in the whole of Europe to print its own notes. It still prints pound sterling bank notes today, and they can be spent anywhere in the United Kingdom.

In 2001 the bank merged with Halifax to become known as HBOS, and in 2008 the HBOS group was in turn taken over by the Lloyds TSB Group. The Bank of Scotland’s customers today have access to a full range of banking products.

The bank was formed through an act of the Scottish parliament in July 1695, and opened for business 7 months later. Unlike the slightly earlier Bank of England, which was set up to act as a government bank, the Bank of Scotland was set up to aid Scottish businesses, and couldn’t lend to the government without first getting the approval of the Scottish parliament.

One curious point about the act that founded the bank is that it stated that all foreign born proprietors would instantly become naturalised Scots, an honour that was bestowed on one of its founders, the Englishman John Holland.

The 20th century saw the expansion of the bank both at home and overseas, and they have offices in countries such as the USA and Russia They also own banks that operate in Australia and New Zealand.

BoS customers today can take flexible loans of up to £25,000. Payments can be spread over 5 years, and a reduced rate may be available to customers who have been with Bank of Scotland for five years or more.

They also offer mortgages, although these are provided under the Halifax umbrella.