Loans and Borrowing – Common concerns – FAQ – RBS
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Who is able to make an application for an Royal Bank of Scotland loan that is personal?
You’ll need to be: 18+ and A uk resident with either a Royal Bank of Scotland account that is currentheld for 3+ months), bank card or mortgage (held for 6+ months).
You can easily connect with borrow any amount from ??1,000 to ??50,000.
It is also good to understand which our prices are exactly the same for brand new and existing customers.
Icon increase What could I borrow cash for?
You can easily borrow for virtually any function. If you are about to make use of the loan for longer than one function, select the purpose simply which will occupy significantly more than 50% regarding the loan. For instance, if you’re borrowing ??11,000 split between vehicle for ??6,000 and home improvements for ??5,000, you ought to pick ‘Car’ due to the fact intent behind your loan. If no single function accounts for 50% or even more for the loan, please find the function that defines the key reason for the borrowing.
Symbol increase How soon can I get my money?
Currently an electronic Banking client? The funds might be in your account the following day time. To work on this, you??™ll need certainly to use online, enter your on line Banking details and fulfill our credit needs.
Even although you’re perhaps perhaps not registered for Digital Banking, you’ll still apply online. Susceptible to contract, we’ll deliver your articles by post, these typically arrive within 3-5 times. Merely check, sign and return the documents to us. The funds could possibly be in your bank account within 2 days, offered the application is prosperous.
Icon increase What can I consist of as “income” when finishing the application kind form for my online loan?
You ought to mount up all of your month-to-month profits. You could add: – Salary (after taxation) – retirement – disability allowance that is living
You can add: – Court-agreed son or daughter upkeep – Long-term town, housing, or shift allowances from your own company – kid Tax Credit – Working Tax Credit (whether or maybe not it’s not currently contained in web wage) – Under ‘Other month-to-month earnings’ you can add youngster advantage, any kind of state advantages and any other web (after income tax) regular earnings you will get.
We may ask for additional confirmation if you declare income that’s not shown on your Royal Bank of Scotland current account.
Icon increase what goes on once We have used online?
After your internet distribution:
– we are going to print the mortgage contract and send it for you the moment we can (usually the following day time).
– as soon as you receive your agreement, please indication and date it where specified and deliver it back again to us when you look at the envelope supplied. When we’ve expected for confirmation of identification, income or any other papers, be sure to make sure to enclose the initial papers. We shall return these for you.
After we’ve received your finalized contract (including most of the supporting papers we requested), we shall frequently process the job within two trading days. Nevertheless, we possibly may want to contact one to make clear details in the job – if that’s the case, we will mobile or compose for your requirements within two days that are working.
Even as we’ve prepared all your valuable papers, we will move your loan funds in to the Royal Bank of Scotland account that you’ve specified on the application.
Take note: the job stays an understanding in concept (instead of our decision that is final we have finished our credit evaluation process. We might must also contact you for more information to guide the job. Should this be more likely to influence our ultimate decision or the timing of our concluding decision, we will contact you to inform you.
Should you want to talk to somebody regarding your application
When you yourself have submitted an on-line application for an individual loan and wish to enquire regarding the status of one’s application, please give us a call in the quantity below.