Royal Bank Of Scotland Debt Consolidation Loans

There may be times in our lives where we choose to take out credit for extra financial support, but when those debts start to mount, it can be useful to know how to pay them off in an efficient way. One of these methods is a debt consolidation loan and there are a whole host of lenders available to offer the cash you need to cover your repayments. Debt Consolidation Loans are a broker service with a large panel of lenders, but we believe in offering you as much information as possible to help you find the best solutions for your financial needs. On this page, we will be discussing Royal Bank of Scotland debt consolidation loans, how their loans work, and the RBS debt consolidation interest rates. That way, you will be able to see whether debt consolidation with RBS is a good choice for your unique circumstances.

  • DCL have years of experience in the finance industry
  • Large panel of consolidation loans lenders
  • Personal approach to application reviews
  • Easy online application process
  • Bad credit applications considered
  • FCA authorised, responsible broker service
A male coworker gives advice to a female colleague about Royal Bank of Scotland debt consolidation loans

With our service, we take the time to personally check each application for affordability, then select one of our trusted lenders who offer the best solutions for you. This means that can take all of the hard work off your hands, finding and comparing the best deals as quickly as we can. Once we have found the best consolidation solution to suit your requirements, the lender will contact you to finalise your application.

If you are ready to start your application, simply apply online and our team will begin reviewing your affordability to reach a lending decision.

Why debt consolidation?

  • Improve your monthly budget
    A debt consolidation loan will enable you to group all your existing borrowing and the monthly repayments are easier to manage.
  • Reduced overall repayments
    A debt consolidation loan could even save you money each month if the interest rate is less than the combined total interest of the previous loans.
  • Improved credit rating
    The simplicity of repaying a debt consolidation loan means that you are more likely to repay the debt on time every month. This will prove you to be a responsible borrower, which will have a positive effect on your credit score.

 

What Is RBS Debt Consolidation?

Royal Bank of Scotland are a major retail and commercial bank in Scotland, with over 700 branches in the country alone, plus many in larger towns and cities throughout England and Wales. After being founded in 1727, this bank has stood the test of time, which is a true testament to their dedication for helping people in financial difficulties. With the RBS debt consolidation loans, you can merge all of your existing debts into one figure and pay them off with the money you borrow. As you only take out the money needed to cover your debts, this means you could pay them off a lot quicker and have peace of mind about your financial future. RBS offer this in the form of personal loans for debt consolidation, so once you have paid off your debts, you will owe the money back to a single lender, rather than remembering to pay multiple providers.

RBS Debt Consolidation Loan Rates & Terms

Royal Bank of Scotland offer a rate of 3.4% APR representative on consolidation loans from £7,500 to £19,950. The length of the repayment term will vary depending on the amount you want to borrow, so for example, an amount between £1,000 to £7,450 can be repaid over 24 to 60 months. Anything higher than £7,500 up to £50,000 can be repaid between 24 to 96 months.

The Royal Bank of Scotland debt consolidation loans are available to UK residents aged 18 and over, and an RBS account that you have held for over 3 months. You also need to be signed up to the RBS digital banking services, but they can guide you through signing up if you decide to apply. At Debt Consolidation Loans, we offer our bad credit debt consolidation broker services to people aged 21 and over, as we want to protect those who are too young, and we do not ask that you are have an account with any particular bank. We aim to help those from all backgrounds and in a range of circumstances, so you can bank with any financial company.

Why debt consolidation?

  • Improve your monthly budget
    A debt consolidation loan will enable you to group all your existing borrowing and the monthly repayments are easier to manage.
  • Reduced overall repayments
    A debt consolidation loan could even save you money each month if the interest rate is less than the combined total interest of the previous loans.
  • Improved credit rating
    The simplicity of repaying a debt consolidation loan means that you are more likely to repay the debt on time every month. This will prove you to be a responsible borrower, which will have a positive effect on your credit score.

 

How Do You Apply For A Loan From Halifax To Consolidate Debt?

Applying for an RBS debt consolidation loan is fairly quick as you can apply online, so no matter where you are, you should be able to apply, as long as you have access to the web. They also provide a digital calculator that you can use to see an estimate of the costs involved with borrowing, as well as a personalised loan quote at the start of the application process. This quote will not affect your credit score, but you will only receive this if you hold an RBS account.

Royal Bank of Scotland may also be able to provide the money you need fairly quickly as they provide an instant decision. This may save time and result in you having access to money quicker, but it could mean that an application with evidence of bad credit could damage your credit score. We take a personal approach when checking applications, which may take a little longer, but it allows us to consider people in a range of unique circumstances. This means that we may be able to help people with a low credit rating, past arrears, or CCJs, and we will always do our best to try and get you the funds you need as quickly as we can.

Choose DCL For Your Consolidation

If you need help with covering your existing debts, such as credit card debts, we may be able to help. At Debt Consolidation Loans, we hold our customers’ best interests at heart, so we take the time to personally review each application, rather than use an automated programme. This gives us the opportunity to check for affordability and understand your needs on a human level, which means we can consider all applications from people in all circumstances. However, if we felt that you would struggle to make repayments, we would need to decline your application for your own wellbeing.

We pride ourselves on our transparency, so we guarantee that our soft search will not damage your credit rating, and there are no hidden fees for using our service. We also aim to offer flexibility in our repayment plans, so you will be able to choose a repayment date for each month to fit with your budget. This can help you to manage your finances, possibly pay off your debts quicker, and give you peace of mind about your future.

If you would like any more information, you may be able to find the answers in our FAQs, or don’t hesitate to contact us to speak to a member of our friendly team. When you are ready, it’s quick and easy to apply on our website.