Bank of Scotland BOS Loan (Semi-exclusive/Existing Customers)
Full product details for the Bank of Scotland BOS Loan (Semi-exclusive/Existing Customers), including loan details, application criteria, rates, suitability, fee & charges, example costs, facilities, restrictions and incentives.
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You will be transferred to the Bank of Scotland website.
The representative APR is 9.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 9.9% p.a. (fixed) you will repay £251.33 per month & £12,063.84 in total.
Loan Type
Unsecured
Minimum Loan
£1,000
The minimum advance is £1000
Maximum Loan
£15,000
The maximum advance is £15000.
Minimum Loan Term
1 year
The minimum loan term is 12 months.
Maximum Loan Term
7 years
The maximum loan term is 84months.
Headline Representative APR
9.9%
9.9
Headline Representative Loan Amount
£7,000 to £15,000
Early Repayment Charge
58 days
The early redemption charge is equivalent of up to 58 days interest.
Deferred Start
1 month
Debt Consolidation
yes
Debt consolidation allowed.
Express Delivery
yes
Express delivery/transfer available. Optional courier service to receive the loan agreements - £70. This will be payable one month before the first repayment. Funds are transferred upon receipt of the signed loan documentation. Loan funds are transferred into a BOS Current Account within 24 hours. Transfers to other bank accounts can take up to 3 days to clear from date of transfer.
Credit Rating
good
Most suited to individuals who have an average income and a recent credit history free from credit defaults, arrears, CCJs or missed payments. The majority of applicants can be described as having a good credit rating.
Availability
restricted
Existing Bank Of Scotland customers only.
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Existing Customers Only
yes
Existing Bank Of Scotland customers only.
Minimum Age
18 years
The minimum age is 18 years. Must be an existing Bank of Scotland customer.
Minimum Income
£0
Minimum income of £0 pa required.
Geographical Restrictions
no
There are no geogrphical restirctions applied.
Guarantor Required
no
Credit Rating
good
Most suited to individuals who have an average income and a recent credit history free from credit defaults, arrears, CCJs or missed payments. The majority of applicants can be described as having a good credit rating.
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Compare Bank of Scotland BOS Loan (Semi-exclusive/Existing Customers) With These Loans
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Representative Example: The representative APR is 9% (fixed) so if you borrow £10,000 over 4 years at a rate of 9% p.a. (fixed) you will repay £245.25 per month & £11,772 in total. Arrangement fee £65,
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Representative Example: The representative APR is 7.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 7.4% p.a. (fixed) you will repay £240.21 per month & £11,530.08 in total.
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