About Bank of Scotland loan...
- No repayments for 3 months
- Instant decision online
- No loan security required
The Bank of Scotland loan is an unsecured loan available from £1,000 to £13,000 and repayments can be spread over a period of 1 to 7 years.
Unsecured personal loan
As an unsecured loan, the Bank of Scotland loan does not require you to be a homeowner or to use your property as security on the loan.
Unsecured loans are instead leant upon your personal credit score and financial situation, so you will need to have a good credit history to be accepted for this loan.
Fixed interest rates and repayments
This Bank of Scotland loan offers a fixed interest rate, so the rate you are quoted on your application will remain the same throughout the entire duration of your loan - even if the base rate goes up (or down).
The main benefit of a fixed rate is that you will always know how much your monthly loan repayment is going to be, and it won't go up if the Bank of England's base rate increases.
No repayments for 3 months
The Bank of Scotland loan offers no repayments for the first 3 months.
The repayment break on this loan isn't optional, but it can give you added breathing space between getting the funds you need and beginning to repay your loan.
Interest is charged from the start of loan, so repayments will go up a little to cover the first 3 months.
Apply for Bank of Scotland loan 
| Loan Details |
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Notes.. |
| Typical APR |
8.6% APR (fixed) |
The typical APR is the rate most people are offered. |
| Rate Range |
8.6% APR to
18.8% APR |
The rate you are offered will vary depending upon the loan amount you choose: |
| Loan Purpose |
Any purpose |
Including debt consolidation |
| Available Amounts |
£1,000 to £13,000 |
- |
| Available Terms |
1 to 7 years |
- |
| Early Settlement Charge |
1 months interest |
- |
| Deferred Repayments |
3 months |
The deferred repayments are mandatory. You will not have to make any repayments at the start of your loan for this amount of time. |
| Loan Fee |
Unknown |
- |
| Security Required |
None
|
- |
| Personal Requirements |
18 years old |
- |
| Payment Protection |
Yes |
Optional |
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Bank of Scotland Loan
| Typical APR |
 8.6% APR |
|
| Fixed / variable |
| Fixed rate & repayments |
|
| Available Amounts |
| £1,000 to £13,000 |
|
| Available Terms |
| 1 to 7 years |
|
| Security Required |
| None |
|
| Can be used for |
Any purpose
- Including debt consolidation |
|
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| You should only apply if you are: |
| • Aged 18 or over |
| • UK resident |
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More about Bank of Scotland loan...
Loan payment protection
When you take out a Bank of Scotland loan you can also choose to take out loan payment protection.
Loan payment protection is an optional insurance policy that will cover your loan repayments if you become unable to pay them yourself.
The Bank of Scotland offers 3 different levels of cover: bronze, silver and gold - so you can choose which one you feel is best for you.
Payment protection cover can include death, disability, redundancy, carer cover and critical illness.
Loan protection can offer real peace of mind if you become unable to meet your repayments. The loan premium will be added to your monthly loan repayments.
Instant online decision
When you apply online for a Bank of Scotland loan you will receive an instant decision on your application - so you'll know straight away whether or not your application is successful.
Once you've been accepted for your loan, documents will be sent out in the post for you to sign and return.
You can choose to get your loan cheque couriered to you within 24 hours of your application being accepted. However, this service does carry a fee of £50.
Apply for Bank of Scotland loan
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