Royal Bank of Scotland Loan Comparison Calculator

Compare the best loans to RBS using our loan comparison calculator below. Best rates for secured homeowner finance.

The Royal Bank of Scotland (RBS) has a history dating all the way back to 1695, making it Scotland’s oldest bank by a wide margin. Now part of the Lloyds Banking Group, RBS supports millions of private customers, businesses, and communities across the UK.

Secured loans at RBS

The Royal Bank of Scotland (RBS) offers an extensive portfolio of lending products for existing and new customers alike. RBS-secured loans are currently available for existing mortgage customers only, looking to extend the value of their mortgage to cover additional costs.

The primary features and functions of RBS-secured loans are as follows:

  • Borrow up to 90% of your property’s value.
  • Repayment plans are available from 3 to 35 years.
  • Loans are available from £20,000 and up.
  • Borrowers must be RBS customers and under 70 years of age.
  • Extensive credit checks are required.
  • Eligibility is based on financial status and proof of income.

Secured loans for business purposes may also be provided by RBS, upon consideration by a dedicated business banking team. In all instances, interest rates and overall borrowing costs vary significantly.

Secured loans are simplified

Here at Donkey Finance, we go the extra mile to simplify all aspects of secured loan applications for our customers. Unlike RBS-secured loans, our loan products are open to applicants across the UK with none of the usual exclusions. What’s more, our secured loans can be used for absolutely any domestic or business purpose whatsoever.

We work closely with a network of specialist secured loan providers across the UK. This enables us to access exclusive deals you will not find on the high street. What’s more, no credit checks are required, and you will not be asked to provide proof of your financial status. Just as long as you can cover the cost of the loan with the required collateral, you’re almost guaranteed to qualify. Call the team at Donkey Finance for a smoother, simpler secured loan application process!

Prompt pay-outs

Unlike most major lenders, we understand the importance of getting your hands on your funds as quickly as possible. With Donkey Finance, you could be looking at the full completion of the loan transaction in a matter of days. Ideal when you’re looking to cover unexpected costs and address urgent expenses.

Use our exclusive online loan calculator for an instant overview of the options available. When you’re ready to go ahead, contact the team at Donkey Finance, and we’ll get started comparing the market on your behalf. We’ll do whatever it takes to eliminate as many borrowing costs as possible, providing access to deals and discounts you won’t find elsewhere. Call today or drop us an email with details of your requirements.

Homeowner loans from the Bank of Scotland (RBS)

A homeowner loan is only offered to people who have a mortgage. This type of borrowing is often referred to as a secured loan since the debt is secured. With a homeowner loan, your property may be repossessed if repayments are defaulted on. This reduces the risk to the lender, which results in preferential interest rates, although this presents a significant risk to the borrower.

The amount you can borrow can vary between lenders; however, most homeowner loans tend to be worth anywhere from £25k to £250,000. Secured loan providers feel much more confident in approving loans from those who are prepared to offer security.

Because of the large amount of credit associated with a homeowner loan, repayments can be spread over 10 to 25 years. These terms can mean that borrowers often benefit from low interest rates, although be mindful that more interest will be paid overall where longer terms are requested.

Repaying your homeowner loan

Because of the large amount of credit associated with a homeowner loan, repayments can be spread over 10 to 25 years. These terms can mean that borrowers often benefit from low interest rates, although be mindful that more interest will be paid overall where longer terms are requested.

The opportunity to pay back a homeowner loan early is often available to the borrower, but doing so might incur an early settlement charge. This will be added to the balance when a settlement figure has been requested.

How to apply

While many of the financial products and services provided by RBS can be applied for online, others require in-person meetings or telephone consultations. In any case, we can help you pinpoint and apply for the perfect product for your needs. Give a member of our customer support team a call today, or send us an email with an outline of your loan requirements.

Let our AI software compare rates for secured loans against high-street banks and other institutions:

Main Stream Banks
Barclays Halifax
HSBC Lloyds Bank
Martin Lewis Nationwide
NatWest Post Office
RBS Santander
Shawbrook Bank Skipton Building Society
Tesco Together Money
UK Bridging Loans Yorkshire Bank