Full product details for the RBS Internet Loan (Existing Customers). If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount. Compare with other loans.
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The representative APR is 8.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 8.9% p.a. (fixed) you will repay £246.77 per month & £11,844.96 in total.
Loan Type
Unsecured
Minimum Loan
£1,000
The minimum advance is £1000.
Maximum Loan
£25,000
The maximum advance is £25000.
Minimum Loan Term
1 year
The minimum loan term is 12 months.
Maximum Loan Term
7 years
The maximum loan term is 84months. For loans under £15,000, the maximum loan term is five years. For loans between £15,000 and £25,000, the maximum term is seven years. If borrowing for home improvements, the minimum loan is £2,500 and can be taken out for up to 10 years. The minimum term is always 1 year.
Headline Representative APR
8.9%
8.9
Headline Representative Loan Amount
£7,500 to £14,950
Early Repayment Charge
58 days
The early redemption charge is equivalent of 58 days interest.
Deferred Start
0 month
0 months
Debt Consolidation
yes
Debt consolidation allowed.
Express Delivery
no
Express delivery/transfer not available.
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
Loan available to RBS customers only.
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Existing Customers Only
yes
Loan available to RBS customers only.
Minimum Age
18 years
The minimum age is 18 years.
Minimum Income
£0
Minimum income of £0 pa required.
Geographical Restrictions
no
There are no geographical restrictions.
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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