Clydesdale Bank Personal Loan2 min read

If you are looking for a personal or short-term loan to buy a car or make home renovations and repairs, Clydesdale Bank personal loan is a good choice.

Clydesdale Bank entered a partnership with Virgin Money to provide flexible, low-interest rate loans.

The bank offers a wide range of loan sizes from £1,000 to £35,000 with terms ranging from1 to 5 years. But this only applies to existing customers. New customers can borrow between £5,000 and £35,000 over the same repayment period.

When it comes to representative APR, the bank charges 3% for loans between £7,500 and £15,000. The rates are usually not constant but based on certain factors such as income, your desired loan amount, term and credit history. However, 29.9% is the maximum rate the bank offers.

Representative APR Example:

Amount borrowed:£10,000

Repayment period:3 years

Fixed Representative APR:9%

Total amount payable:£11,405.02

If you decide to pay your loan early in full or partly, you’ll incur a prepayment penalty. The bank will charge you up to 58 days interest above the principal balance of the loan.

Clydesdale Bank Loan Eligibility

The best thing about Clydesdale Bank personal loan is that you don’t need to have an account with them to apply for a loan. However, you must:

  • Be 18 years and over
  • Be a UK resident
  • Have a good credit score
  • Have a bank account in the UK
  • Possess a debit or credit card

You can apply for the loan online or visit your local branch. When approved, the bank will make the funds available within 2 hours or by the end of the next day.

Get your loan from Clydesdale Bank and make your dreams come true! The bank is always open Monday through Friday, 8 am to 10 pm, and Saturday 9 am to 1 pm if you have any inquiries. You can as well call 0800-707-6471 if you need to speak to a bank representative.