Royal Bank of Scotland Small Personal Loan

Good:
Money is in your account the next working day, only if you are an online banking customer

Bad:
Very difficult to get through to the correct person when you call them - staff uninformed

Verdict:
Royal Bank of Scotland current account customers only - if you have a good banking history with them you will get a lower rate, you will get a higher rate if not and may be better off looking elsewhere

You can only apply for this loan if you are a Royal Bank of Scotland existing customer. You can use this loan for almost any purpose and the money can be in your account the next working day. If you are an existing Royal Bank of Scotland online banking customer and you apply between Monday and Thursday, 6:30am-5:50pm, the loans will be transferred the next working day after 9:00am. You can borrow up to £7,450 for 5 years.

You can apply online by filling out their online application form. They usually give you a decision straight away online. If you're a Royal Bank of Scotland online banking customer and you are accepted, they money will be transferred the same day. If they tell you you have been accepted in principle, they will look further at your application and inform you when they have decided. If you are accepted, they will send the loan agreement to you next day. Sign and date it and send it back to them. They may ask for confirmation of identity, income or other documents so be sure to pop those in the envelope too. Your application will then be processed within two working days.