Bank of Scotland Personal Loans With Payment Holiday
The Bank of Scotland (Bos) offer a good value personal loan with a typical rate of 8.1% APR - a very useful online discount compared to their standard typical rate of 9.9%. You can borrow between £7,000 and £25,000 at this rate, with your repayments spread over 1 to 7 years. Loans for amounts as small as £1,000 are also available - visit their site for details of the rates charged.
So far, so good.
The standout feature of this loan deal, however, is the initial repayment holiday of 3 months - not particularly unusual on it's own, but combined with the reasonably low rate it makes this quite an attractive package for people wishing to borrow now, and pay back later.
The online application facility is, of course, secure, and should take less than ten minutes with an instant online decision. You can choose to have the loan documents delivered by courier within a day of being approved, and with a fast 24 hour payout direct into your bank account you could have the funds available to spend in less than 3 days from now!
Bank Of Scotland Loan Deal Summary
| Product / Lender: | Bank of Scotland |
| Typical APR: | 8.1% |
| Minimum Loan Size: | £7,000 |
| Maximum Loan Amount: | £25,000 |
| Minimum Term: | 1 years |
| Maximum Term: | 7 years |
| Deferrment Period: | 3 months |
| Comments: | Get cash in less than 3 days, with a 3 month payment holiday |
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