Rating based on 16 reviews

Bank of Scotland


  • Same-day loans up to £7,000
  • Low-interest starting from 4.9%
  • Repayment up to 7 years

In-page navigation

Bank of Scotland homepage

Author Bank of Scotland. Screenshot of Bank of Scotland website. [Accessed March 15, 2020]

About Bank of Scotland

Bank of Scotland offers a simplified, transparent and hassle-free solution to help with life’s unexpected emergency expenses.

Bank of Scotland will provide you with enough cash to tide you over until your next payday while making sure you don't borrow more than you really need or can afford.

Quick loan payouts

Waiting for approval form a bank loan can take days but with us, you'll receive an instant loan decision. With Bank of Scotland, you can get the amount you need to be deposited directly into your account as early as the next day. Our customer service is always friendly, informative and available online or by the phone all from the comfort of your own home.

Responsible lending practices

The Bank of Scotland is your financial partner, connecting applicants across the country that run short on cash. Our service will assist with one of our direct deposit payday loans. So whether you need cash to pay overdue bills or consolidate debts that are getting out of control, we have the credit solution you need.

Quick financial solutions

Our fees are transparent and we are upfront with any fees that we charge. If you are already a Bank of Scotland customer you can log in to your online banking and check if you've already been approved for a provisional short term loan. If you have, you merely need to sign the relevant agreement form and we'll credit the money to your account immediately. If you still have any questions about our services or need help with your application. Give us a call because we are there to help you.

Bank of Scotland Services

The UK economy is experiencing a troublesome period during which people are finding it more and more difficult to stay ahead of their expenses..

If you need to repair your car or purchase new tires or you need emergency cash to cover unforeseen medical bills or household repair costs. If you have used your emergency fund and now have nothing left to fall back. This may make it extremely difficult to manage your finances.

Requirements when applying for a loan

The Bank of Scotland uses credit scoring to determine whether or not we are willing to lend to you. This ensures that all of our clients are treated equally and that we lend only to those who can afford to take on the debt.

This obligatory credit check will be carried out as soon as your application reaches us and on the off-chance that we conclude that you do not have the capacity to manage the cost of the loan payments. Our consultants will tell you why you application has been unsuccessful and suggest that you reapply after 6 months or once you have sorted out the problem.

Personal loans at industry leading rates

The Bank of Scotland offer consumers loans from £1,000 to £25,000 with loan terms ranging between 1 and 7 years. The low rate of only 6.4% APR is accessible on loans between £7,500 and £25,000 with a loan term of between 1 and 5 years. If you're approved for credit we will provide you with all the information you need to conclude the agreement and get your quick cash and manage your repayments.

Bank of Scotland – Same-day loan

  • Loan Type Same-day loans
  • Interest Rate from 4.9%
  • Loan Amount up to £7,000
  • Repayment 12 months to 7 years
  • Decision Same day

Benefits of Bank of Scotland

  • Use the loan calculator online to help determine the cost
  • Get an online decision within minutes
  • Speedy loan applications

Same-day 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 Online loan calculator is subject to our terms of use.

The loans from the Bank of Scotland are affordable and flexible

The Bank of Scotland provides the most comprehensive personal loans and banking services in the UK.

We offer everything from overdraft services to quick loans. Our customers have a range of premium financial services to choose from.

Fast, efficient & private

While the market for alternative financial services in the UK grows day by day and more would-be competitors enter the industry.  Bank of Scotland continues to provide service that you can trust and loans at the best prices available.

We strive to serve more clients, more effectively and as quickly as possible. Our online loan application process provides instant loan approvals and a direct deposit of quick cash, completely fuss-free! The Bank of Scotland has your best interest at heart and can give you the financial means to suit your budget. Don't wait in line when you can borrow with Bank of Scotland and get ahead of the queue.

Get the best interest rates

If you're a looking for a fast personal loan to buy a car, renovate your home or consolidate debts, the Bank of Scotland has a flexible solution to suit your needs. As a well-established financial services provider, our rates are among the most affordable on the market with a Representative APR of just 4.9% on select loan offers.

Apply for an affordable loan

If you are looking for a same-day loan you will certainly find a solution at the Bank of Scotland. In order to qualify for a personal loan, you must be an existing client of the Bank of Scotland, be 18 years or older, have proof of address for the past 3 years.

You may not have been rejected for any credit products in the last 3 months preceding your application and you can’t have had any CCJ’s, IVA’s or have been declared bankrupt.

The loan features from the Bank of Scotland

  • Borrow between £1,000 and £25,000
  • Benefit from flexible loan term of between 12 months and 7 years
  • Repay your loan early without any prepayment fees
  • 4.9% Representative Annual Percentage Rate (APR)
  • Apply for a loan online, over the phone or in one of our many branches
  • Repayment holiday available
  • Receive an instant decision after applying online
  • Make additional payments over the loan term and repay early without charge

Get your loan application approved

If you want to apply online, over the phone or at your local branch, you can rest assured that the entire loan application process will be dealt with in the most expedient and professional manner.

We will help you every step of the way and ensure that your quick personal loan is credited to your account as soon as your application has been approved. Once your loan has been approved, you can easily manage your account online. Apply for a repayment holiday, request a settlement quote or update your personal details.

man holding thumbs up

Bank of Scotland is a trusted & reliable provider of same-day loans

In our review, Bank of Scotland 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.

Bank of Scotland is a registered credit provider in the UK; FCA number 169628

Customer Reviews & Testimonials

November 2019

I applied for the same day loan. Doing everything online from applying to keeping track of my loan until I finished paying it off was very convenient.

Guy M
— York —

July 2019

There’s nothing for me to complain about because everything was done professionally and quickly.

Courtney H
— Bath —

Bank of Scotland Contact

Contact Number


  • not available


Physical Address

  • 10/16 King Edward Street Perth Scotland PH1 5UT United Kingdom
  • Get Directions

Postal Address

  • PO Box 23581, Edinburgh, EH1 1WH, United Kingdom

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:30 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday 09:00 – 16:00
  • Sunday – Closed