About Royal Bank of Scotland Loans & Mortgages!

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Have you arrived at Loan-Seeker.co.uk through searching for a Royal Bank of Scotland loan or a Royal Bank of Scotland mortgage? As Loan Seeker is not connected to the Royal Bank of Scotland, we do not promote RBOS loans or mortgages. Thsi page is designed to give you an overview of Royal Bank of Scotland loans and Royal Bank of Scotland mortgages.

About the Royal Bank of Scotland

The Royal Bank of Scotland, one of the oldest banks in the United Kingdom, was founded in Edinburgh in 1727. After more than five decades – in 1783 – it opened its first branch office in Glasgow. Thereafter, by the nineteenth century its new branches had spread throughout Scotland.

In 1874, The Royal Bank of Scotland opened its first branch in London, but it took almost four decades for the bank to establish a major presence in England. From the year 1920 onwards, the bank, helped by acquisitions, went on to become what it is today. During these growth years, the banks that joined its group included names such as Drummonds, Williams Deacon's Bank, Glyn, Mills & Co. and Child & Co. The year 1985 was a milestone in the history of the bank as it began doing business as a single entity, with the name The Royal Bank of Scotland.

In 1994, the bank launched a 24-hour banking activity, Direct Banking, which became the fastest growing business in the United Kingdom. Then, in 1997, the bank began online operations and also joined forces with Tesco and Virgin Direct as their joint financial services partner.

The year 2000 witnessed the biggest takeover ever in the United Kingdom's banking history when the Royal Bank of Scotland took over National Westminister Bank and further consolidated its position. Today, the Royal Bank of Scotland has around 700 branches and is regarded as one of the leading banks of UK.

Royal Bank of Scotland Loans and Mortgages

Personal loans from the Royal Bank of Scotland are available both online and at their offices, at an APR (Annual Percentage Rate) of 6.9%. The minimum amount that can be borrowed is £1,000 and the maximum loan amount is £25,000. The repayments on these Royal Bank of Scotland loans can be spread up to 5 years for loans below £15,000. The Royal Bank of Scotland loans over £15,000 can be repaid in up to 7 years. The Royal Bank of Scotland also secures the borrower with a Loanguard Insurance Policy just in case any circumstances prevent him from making the repayments.

Another category of The Royal Bank of Scotland loans (personal) is the Graduate Loans, which as their name suggests, help an undergraduate or a graduate complete higher studies. The amount that one can borrow ranges from £1,000 to £15,000 and the APR stands at 7.7%. The repayment of these loans can be deferred by up to 12 months in some cases. Another Royal Bank of Scotland loan that caters to the undergraduates is the Graduate Finance Loan, where the applicant can avail of an interest-free overdraft up to £2,000. Just like the personal loans, a suitable Loanguard Insurance Policy covers all the Graduate Loans.

The Royal Bank of Scotland's loan portfolio also includes many mortgage products: These mortgage loan schemes cover buying a home for personal use, buying a home for the purpose of letting it out, switching mortgage deals and lifetime mortgage deals for those over 60. The bank always has some or the other scheme going on with its mortgage loans such as fixed interest period, large loan mortgages and remortgage lifetime tracker. It would be best to explore all the options with an official and then decide what works best from the various schemes available.

The Royal Bank of Scotland Bank and Loan-Seeker.co.uk

Loan-Seeker.co.uk is not associated with the Royal Bank of Scotland and does not specifically promote Royal Bank of Scotland loans or Royal Bank of Scotland mortgages. Loan.Seeker.co.uk also does not work for the Royal Bank of Scotland although we may at any time choose to introduce visitors to our site to the following Royal Bank of Scotland loan products:

Loan-Seeker.co.uk is an independent website that has relationships with a number of different lenders at any one time, according to the conditions and terms that they offer: we always search for the best! As the Royal Bank of Scotland can only ever offer you Royal Bank of Scotland loans and mortgages, you cannot be sure that you will get the best deal. However, if you specifically want a loan from the Royal Bank of Scotland, you should visit their official website here.