Royal Bank of Scotland Personal Loan

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The Royal Bank of Scotland is a rather pretiegous institution.  For a customer, this brings about security and the knowledge of fair business practices, for an institution to become that large they would have to have completed billions of dollars worth of financial trades and dealings.  This all translates into good business for you.

The Royal Bank of Scotland is now offering personal loans online, requiring little more than ten minutes of your time to fill out an online application.  The application itself is hosted on a secure server, ensuring that your personal banking information does not become compromised.  This peace of mind, combined with the convenience and flexibility of their lending packages, makes for an attractive personal loan.

Application and Approval

The lending rates offered by the Bank of Scotland are very competitive – up to £13,000, with an interest rate is low as 6.1%.  Along with online service, the Bank of Scotland also offers telephone banking that is available 24/7, 365 days a year.  For you, this means that you will always be able to easily access your financial information, payment schedules, and customer service.

The application took me around ten minutes to complete, including the time that I spent trying to find various tidbits of financial information.  Someone who is adaquately prepared to make an application could have it done in five minutes or less.  Once I had submitted my application via their secure server I received a response shortly thereafter, thanking me for my business and informing me that my application was being reviewed.

The next morning I was contacted and informed that my appliation had been approved for £8,000, and after some contract signing and agreements, the money was wire transferred into my bank account, ready to use without delay or hold.  Some lenders put a three day hold on the money to ensure proper contractual agreements have been made- the Bank of Scotland handles that before the wire transfer, ensuring that you experience no delays.

Conclusion

I am very impressed with the Bank of Scotland’s online lending options.  Their customer service, financial options, and lending rates are all quite impressive, and I think that I should mention the service as a particular point of interest.  The individuals that I spoke to via the telephone were pleasant and easy to understand- unlike a lot of customer service call centres,  this one was not outsourced to a firm in India or overseas.

The Bank of Scotland loans are available to those with less than stellar credit as well, so don’t be afraid to make an application if your credit history is dotted with inperfections.  Regardless of your approval status, you will be treated like a valued customer, and that makes all the difference, doesn’t it?