Frequently asked questions

How much can I borrow?

Loans are available from £1,000 up to £25,000.

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How quickly can I get the money?

If successful, funds are transferred after the receipt of signed loan documentation and can take 3 to 5 working days to clear from the date of transfer.  Your documents could be delivered within 24hrs with our secure courier service, however, delivery may take longer in outlying areas or for evening or weekend applications. If you choose the optional courier service an additional £50 fee will be payable before your first monthly repayment.
Non courier documents are sent in the post and must be signed and returned to us before we can release the funds to you. Please note we cannot guarantee the timescales for delivery and return of documents sent through the post.

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How quickly do I get the decision?

In most cases we offer instant decisions, although there may be occasions when we require further information before we can complete your application.

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What does 'Typical APR' mean?

The Typical APR is the APR at or below which we expect 66% of customers to receive a loan when applying as a result of the advertisements on this web site.

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How long can I take the loan over?

On an unsecured loan the monies owed can be repaid over a period of between one and seven years.

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Are there charges if I repay the loan early?

If you want to repay your loan in full before the end of the loan term, we will charge you an early repayment fee. This fee is usually equal to two months' interest. It will not be more than two months' interest.

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Other useful information

Personal Loans Bank of Scotland
An instant decision and your money within 24 hours
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