Rating based on 12 reviews


  • Bad credit loans up to £50,000
  • Low-interest starting from 3.4%
  • Repayment up to 8 years

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RBS homepage
Author RBS. Screenshot of RBS website.
[Accessed October 18, 2021]

About RBS

Have a less than perfect credit rating? Don’t let it stop you from getting the cash you need to reach your goals!

The Royal Bank of Scotland is a major retail and commercial bank in Scotland that has been assisting people with bad credit scores since 1727. They know that life happens and they believe in second chances, as long as you can repay the loan, they might be able to assist you. They have over 71 200 staff members that are qualified and experienced in the finance field, ready to help you with a loan that will suit your budget and needs.

Apply for a loan online or visit one of around 700 branches all over Scotland, there are also branches in many larger towns and cities throughout England and Wales. Enjoy a little flexibility when you apply for a loan, they might allow you to defer your first repayment. You can also defer your first loan repayment for three months.

Loans for people with bad credit in the UK

It will only take a few minutes for you to apply online. To make it even easier they will pre-fill a part of your application for you. They will also ask you to log in to your digital banking and if all goes well you will be done within less than 10 minutes.

If you apply online and sign the loan agreement before 5.45 pm Mon-Fri they will transfer your funds on the same day. If you are an RBS current account client and are applying in your name you can get a quick personalized idea of the rate, they can offer you and the amount you can borrow without harming your credit score.

RBS Services

Get a loan between £1,000 and £50,000 even if you have a bad credit rating.

They offer personal loans online between £7,500 and £19,950 with a rate starting at 3.4% APR. alternative rates will apply to other loan amounts. There are lots of different ways to borrow money and they will help you to choose the most suitable option for you. They have different loan terms depending on the amount you borrow, it will either be over 2 to 5 years, 2 to 8 years, or 2 to 10 years.

Manage your money the easy way 

With their banking app, you can do your everyday banking from the comfort of your home. Making payments, going paperless, viewing and downloading statements, and more.

Making finances easy

They have a wide range of tools to help you access the loan you need and to give you a better idea of what you are looking at. Tools that might help you out:

  • Mortgage borrowing calculator
  • Mortgage overpayment tool
  • Credit card eligibility checker
  • Credit card repayment calculator
  • Set up a savings goal
  • Overdraft eligibility checker
  • Overdraft calculator
  • Loan calculator
  • Financial health check
  • Budget calculator
  • Spending and budget tracker

RBS – Bad credit loan

  • Loan Type Bad credit loans
  • Interest Rate from 3.4%
  • Loan Amount up to £50,000
  • Repayment 2 years to 8 years

Benefits of RBS

  • Apply online within minutes
  • Repayment holiday
  • Personalised quotes

Bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Pay as you grow – for your business

This product can help you to get your business back on track.

Enjoy more flexibility and time to repay your long-term or short-term loan.

Investments – plan your future

Find a way to make your money work harder for you and your family. They have something suitable for everyone and you can start investing for only £50. Although investing is designed for the longer term, you could also withdraw at any time.

Enjoy a same-day transfer

Using their online loan calculator will help you see how likely you are to be approved and how much will be perfect for you – without affecting your credit rating.

First, you can apply online if you

  • Are 18+.
  • Be a UK resident and a Royal Bank of Scotland bank account (held for 3+ months).
  • Haven’t been bankrupt over the last 6 years.
  • Have not applied for a loan with them within the last 28 days.

Get a decision online within minutes 

Simply fill in their online form for your bad credit loan, you will have to answer simple questions to give them a better idea of who you are and how much you can afford. They will also pre-fill parts of your application to speed things up! This generally takes less than 10 minutes to complete

Proceed if you are happy 

If approved they will provide you with a breakdown of what you can borrow, the terms, and all fees and rates. You can then sign the agreement if you are happy to proceed.

Receive the funds

If you sign before 5.45 pm on a business day you will receive the fund in your nominated bank account on the same day.

The key benefits

  • A lending company that has your safety and security at the top of its agenda
  • You will be able to manage your digital finances on the go
  • No unnecessary paperwork
  • Great rates
  • Affordable repayment terms
  • 100% online, or at your nearest branch or on the phone, whatever you prefer
  • Same day cash transfers
  • Tailored loans
  • Friendly staff
man holding thumbs up

RBS is a trusted & reliable provider of bad credit loans

In our review, RBS adheres to the compliance criteria in accordance with the Financial Conduct Authority, where the granting the loan will not cause financial distress to the consumer.

RBS is a registered credit provider in UK: FSA 114724

Customer Reviews & Testimonials

August 2020

They offered me a great rate and a loan that I am comfortably able to repay.

William J
— Cambridge —

July 2020

I got everything done online, without any stress or hassle and no paperwork!

Freddie W
— Nottingham —

October 2019

A great company that delivers straightforward solutions that are easy to understand and easy to manage.

Tommy S
— Liverpool —

RBS Contact

Contact Number


  • not available


Physical Address

  • Admiralty Arch, 49 Charing Cross Rd, London SW1A 2DX United Kingdom
  • Get Directions

Opening Hours

  • Monday 09:30 – 16:30
  • Tuesday 09:30 – 16:30
  • Wednesday 10:00 – 16:30
  • Thursday 09:30 – 16:30
  • Friday 09:30 – 16:30
  • Saturday – Closed
  • Sunday – Closed