Rating based on 4 reviews

Bank of Scotland

Updated

  • Short-term loans up to £35,000
  • Low-interest starting from 3.9%
  • Repayment up to 7 years

In-page navigation


Bank of Scotland homepage

Author Bank of Scotland. Screenshot of Bank of Scotland website. [Accessed October 19, 2021]

About Bank of Scotland

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

They will provide you with enough cash to cover you until your next payday while making sure you don't borrow more than you really need or can afford.

Quick loan approval and payouts

Waiting for approval from a bank loan can take days to weeks but with the Bank of Scotland, you'll receive an instant loan decision. With the Bank of Scotland, you can get the amount you need to be deposited directly into your account as early as the next day.

Their customer service is always friendly, informative and available online. Now you get to apply and submit your documents all from the comfort of your own home.

Responsible lending practices

The Bank of Scotland is your financial partner, they connect with all their customers who are running low on cash. Their services will assist you with one of their direct deposit payday loans. So whether you need cash to pay overdue bills or consolidate debts that are getting out of control, the Bank of Scotland has the credit solution you need.

Quick financial solutions

Bank of Scotland fees are transparent and they are upfront with any fees that are charged. 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 done the above, you merely need to sign the relevant agreement form and they'll credit the money to your account immediately. If you still have any questions about their services or need help with your application. Give the Bank of Scotland a call for they 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 to. This may be the time to reach out to the Bank of Scotland, where they can help you with your unforeseen events and emergency costs.

Applying for a loan

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

This credit check will be carried out as soon as your application reaches them. If it is that you don’t qualify for a short-term loan online, their consultants will tell you why your 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 offers 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 Bank of Scotland will provide you with all the information you need to conclude the agreement and get your quick cash and manage your repayments within minutes.

Benefits of Bank of Scotland

  • Online calculator to calculate repayment amount
  • Get an online decision within minutes
  • The speedy loan application process

Bank of Scotland – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate from 3.9%
  • Loan Amount up to £35,000
  • Repayment 1 year to 7 years

Benefits of Bank of Scotland

  • Quick decision
  • Repayment holiday
  • No extra charges

Short-term 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 market for alternative financial services in the UK grows day by day and more competitors enter the industry.

Bank of Scotland continues to provide services that you can trust and loans at the best prices available. They strive to serve more clients, more effectively and as quickly as possible. Their online loan application process provides instant loan approvals and a direct deposit of quick cash which is 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 the Bank of Scotland and get ahead of the queue.

Get the best interest rates

If you're 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, their rates are among the most affordable on the market with a Representative APR of just 4.9% on selected loan offers.

Requirements when applying for a short term loan

If you are looking for a low-interest short-term loan you will certainly find a solution at the Bank of Scotland.

  • 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 must have a good credit score
  • You can’t have a past with any CCJ’s, IVA’s or have been declared bankrupt before.

Get your loan application approved

If you want to apply online over any mobile device or at your local branch, you can rest assured that the entire loan application process will be dealt with most conveniently and professionally.

Bank of Scotland 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 today.

The Bank of Scotland provides the most comprehensive personal loans and banking services in the UK. They offer everything from overdraft services to quick loans and provide their customers with a range of premium financial services to choose from.

man holding thumbs up

Bank of Scotland is a trusted & reliable provider of short-term 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

October 2019

I applied for a 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 2020

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

Courtney H
— Bath —

July 2020

Amazing and friendly customer service, very reliable

Luke C
— Bristol —

Bank of Scotland Contact

Contact Number

E-Mail

  • not available

Website

Physical Address

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday 09:00 – 15:00
  • Sunday – Closed