Bank of Scotland Loans Alternative

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Get your Bank of Scotland loans alternative from Cashfloat

Funding within 1 hour*!

Looking for an affordable Bank of Scotland loan with high acceptance rates? Cashfloat offers the perfect alternative. Our brand new product – unsecured personal loans with lower interest rates and same day payout, provides much higher chances of approval with a less than perfect credit rating than Bank of Scotland loans. Apply now for Cashfloat’s small personal loans and don’t let your poor credit history get in the way of being approved for the loan you need!

How our Bank of Scotland personal loan alternative works:

  1. Apply for your Bank of Scotland loan alternative online.
  2. Get an instant lending decision.
  3. Once approved, you can receive your loan within an hour*.
  4. Make monthly loan repayments to Cashfloat.


How do Bank of Scotland loans compare to Casfloat’s alternative?

However, If you apply for a small personal loan with Cashfloat, even with a less than perfect credit rating, you still have a very high chance of approval. As a leading unsecured credit direct lender, we want to give everyone a fair chance at obtaining the credit they need. As long as we can see that you can afford the repayments without harming your financial future, we will happily fund you the loan today!

To summarise, we’ve put together a table comparing the features of Bank of Scotland and Cashfloat’s loans:

Feature: Bank of Scotland Loans Cashfloat
Loan amounts £1,000 to £35,000 £1,000 to £2,500
Loan duration 1 – 7 years 6 or 9 months
Instant decision Only for existing customers Yes, always
Same-day funding Only for existing customers Yes, funding in 1 hour*
Bad credit accepted No Yes
Set-up fees No No

We always encourage our potential customers to research and compare all the credit options available to them. You can choose Cashfloat once you see that our loans are best suited for your needs.

Faqs about Bank of Scotland loans:

Am I eligible for a loan from the Bank of Scotland?

To apply for a loan from the Bank of Scotland, you must meet the following criteria:

  • Hold a Bank of Scotland account for at least one month
  • Above 18 years old
  • Steady source of income/ pension/ benefits
  • Hold a bank/ building society account
  • UK resident
  • No history of bad credit/ CCJs
  • Not have been declined for credit in the past month

What Can I use my Bank of Scotland loan for?

The Bank of Scotland is happy to fund loans to people who need to finance expenses such as; home improvements, debt consolidation or to buy a new car. However, they do not provbide loans for recreational activities, holidays or business loans.

What will happen if I default on making a repayment?

If you miss a monthly repayment, your loan will be transferred to the Bank of Scotland Collections department, and they will charge you a fee of £25. If you continue to break your loan contract, you may be subject to additional charges.

Cashfloat alternative vs Bank of Scotland loans

If you are looking for a small personal loan, that you don’t have to spend years repaying or be an existing customer to be eligible to apply, our small personal loans from Cashfloat versus a Bank of Scotland loan may be the solution you are after. Aside from the fact that you can apply even if you have already been declined for credit in the past month or you don’t have an excellent credit history, you will be able to borrow without having to make monthly repayments for years to come. Apply now for the smoothest unsecured personal loan experience and join over 100,000 happy customers who we have already helped!

Cashfloat is a trusted FCA authorised lender in the UK offering cheap unsecured personal loans between £1,000 and £2,500 over 6 or 9 months. As a premium direct lender, all our loans are processed, approved and funded by our expert team of underwriters. They are available to assist you with any queries or difficulties you may encounter at any point in the loan process. We are here to help you even with a less than perfect credit history. If we aren’t able to fund you a loan ourselves, we are also a broker, and we will help you find another suitable unsecured lender who can better meet your needs. Apply now to experience the Cashfloat difference.

Representative example
Total amount of credit: £1,200
Duration of the agreement: 9 months
Repayment total: £2,036.97
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