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Compare Royal Bank Of Scotland Loans

RBS Loans

Compare RBS loans

Click here for a Royal Bank Of Scotland Loan »

Looking to borrow between £1,000 and £25,000 and have a good credit history? If yes see our latest deal from Royal Bank Of Scotland (You need to be an existing RBS customer to get this loan). 

RBS Mortgages Logo £1,000 to £25,000

3.90% APR Representative (£7,500 - £25,000)

1 to 5 years  Quotes»

Representative 3.90% APR. Based on a loan amount of £7,500 over 60 months at an interest rate of 3.90% p.a. (fixed). Monthly repayment of £137.55. Total amount repayable £8,253.

The Royal Bank of Scotland provides unsecured loans for various reasons, including car finance, home improvements and debt consolidation. These types of borrowing are all classified as “personal loans”.

There are a number of other ways you may be able to raise funds if you need them, including extending the overdraft on your current account, taking out a credit card and getting a secured loan. If you are considering a personal loan, you need to be clear on exactly what that means, what you stand to gain and what your obligations will be to your lender.

Personal Loans

RBS personal loans

Taking out an unsecured, personal loan means the money you borrow is not connected to an asset, such as your home. This will generally mean you cannot borrow as much as if the loan were secured against an asset and you will normally have to repay the money sooner.

Advantages of RBS personal loans

  • Borrow from £1,000 to £25,000
  • Repay over 1-7 years
  • Home Improvement loans over £2,500 can be repaid over up to 10 years
  • Make fixed monthly payments for the lifetime of the loan
  • See whether you are likely to be accepted without negatively affecting your credit rating

Restrictions on RBS personal loans

  • You must be over 18
  • Amounts of £1,000 - £14,950 can only be taken out over 1-5 years
  • Failing to make repayments on time could harm your credit rating and make it harder for you to borrow in future
  • If you allow your repayments to fall too far into arrears, you could end up having your possessions seized by a court appointed bailiff to cover the debt

Click here for a Royal Bank Of Scotland Loan »

Borrow more with a secured loan

If you require a loan of more than £25,000 or need to borrow over a longer time frame, a secured loan may be a better option. This means your loan is tied to an asset, usually your home, and can often result in a more favourable interest rate, as well as the ability to borrow more over a longer period.

Failing to keep up the repayments on a secured loan means you may have to sell the asset to cover the outstanding balance. This means you must be very confident of your ability to pay before embarking on this type of borrowing.

To find the best deals on secured loans, head over to our secured loan calculator.

Need to borrow more than £25k?

Knowing which types of borrowing represents the best value for you can be a challenge. There are so many different brands and loan products on the market that in can be very hard to choose the right deal.

Our team of loan advisors specialise in helping property owners find the best deals on borrowing amounts over £25,000 for property improvements. To speak to a member of the team give Fair Mortgages a call on 0117 313 7780 or use our simple contact form to get in touch.