Rating based on 72 reviews

Bank of Scotland

Updated
  • Business loans up to £500,000
  • Low-interest starting from 7.1%
  • Repayment up to 25 years

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Bank of Scotland homepage
Author Bank of Scotland. Screenshot of Bank of Scotland website.
[Accessed May 17, 2023]

About Bank of Scotland

Natwest is a member of the Royal Bank of the Scotland Group. They have been providing financial solutions to clients since the year 2000.

At NatWest, they have all the necessary technology to help you with your day-to-day banking needs. They always strive to improve their products and services to be of benefit to you.

Friendly online website

NatWest will do everything within its power to make its website more convenient while expanding the features that can help when you are making use of it. An easy-to-use website indicates that your online loan application can be done within no time and with no difficulties.

NatWest, cash machines

All their cash machines are easy to use. It has clear tone prompts after each key has been pressed. Furthermore, they are still in the process of installing cash machines that can talk, which will be making the process more efficient.

Excellent customer services

NatWest is a responsible services provider. They will never lend you an amount that is more than what you can afford and they value and respect individuals for who they are. Therefore their services suit everyone.

At NatWest their main priority is to help you get your finances on track, not to dig a deeper financial hole for you. Now you can even apply for a braille card wallet, which will make it easier to identify your card.

Bank of Scotland Services

With the Bank of Scotland, there are small business loans and larger business loans to choose from.

With a small business loan, you can borrow up to £25,000. If you are an existing member of the Bank of Scotland you can apply for a loan online in minutes.

If you opt for a business loan above £25,000 you can enjoy flexible repayment terms of between 1 and 25 years. The application process is quick and easy and their expert team will assist you with whatever you need throughout the process.

Small business loans start big dreams

When you want to start a small business and you are thinking of a small business loan you are at the right place. Often starting small is the best way to go.

Bank of Scotland’s small business loan features

  • You can borrow an amount of between £1,000 and £25,000 either by a secured or an unsecured business loan.
  • Enjoy flexible repayment terms between 1 and 25 years.
  • No funny business regarding pricing and no arrangement fees.
  • If you repay your business loan off early, there are no extra fees.

Bigger business loans you can rely on

Knowing how much you need is always key. By putting your business plan together, you might realize that you will need much more than you initially anticipated. With the Bank of Scotland, you can get the big business loan you need to prosper. With large business loans you can get the following:

  • You can obtain a business loan for £25,000 or more.
  • You will have repayment terms of 1 to 25 years.
  • They offer you fixed and variable rates.
  • They will contact you for a personalized business loan

Bank of Scotland – Business loan

  • Loan Type Business loans
  • Interest Rate from 7.1%
  • Loan Amount up to £500,000
  • Repayment 1 year to 25 years

Benefits of Bank of Scotland

  • Get instant access to a host of providers
  • Easily compare loan products
  • Save time and money by applying for a loan online

Business loan calculator

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The interest rate of a loan will vary based on your credit score and risk profile.
This business loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Getting a business loan from the Bank of Scotland

When you are about to take on one of the biggest ventures of your life by starting your own business, knowing that you are in good hands makes life easier.

With a small business loan from the Bank of Scotland, you can comfortably go forward knowing that they have got you.  

Know your business loan eligibility

  • The loan must be solely for business purposes.
  • You must be in a position of authority to borrow on behalf of your business.
  • You must be 18 years or older.

Step one

You can complete your business loan application online by logging in to your account and filling in the application form. Make sure that you have all the relevant documentation on hand in order to make your application smoother.

Step two

Once everything has been submitted they will review your application and request additional documentation if required. As soon as they receive that, your application will be sent for approval.

Step three

As soon as your application has gone through the process of review and is approved, you will receive your agreement for your review and signature. You will then sign if you are happy with everything and send it back.

Step four 

You will be notified when your business loan will be paid to you and on receipt thereof, you can begin to start with your planned business.

Why Bank of Scotland is better

  • They offer flexible repayment terms.
  • You will be able to choose between fixed and variable rates.
  • They have low-interest rates.
  • Quick decisions on business loans.
  • Easy loan application process.
man holding thumbs up

Bank of Scotland is a trusted & reliable provider of business loans

In our review, Bank of Scotland adheres to the compliance criteria in accordance with the Consumer Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Bank of Scotland is a registered credit provider in UK: FCA number 169628

Customer Reviews & Testimonials

October 2021

Great, was our surprise when we heard of the Bank of Scotland's great business loan deals. There were a few options to choose from and we soon found the fit for us. It was easy to apply and we go...

Wilbert J
— Nottingham —

May 2021

We will be recommending the Bank of Scotland to everyone who is in need of a business loan. It does not matter whether it’s a small or a big loan. Easy repayments that suit your needs. We are so ...

Griffith W
— Bristol —

August 2021

When you are thinking of taking out a business loan and you don't know where to start, the Bank of Scotland is your answer. We were surprised at how quickly and easily we got our business loan an...

Mildred Smith
— Glasgow —

Bank of Scotland Contact

Contact Number

E-Mail

  • not available

Website

Physical Address


Postal Address

  • PO Box 761, Leeds, LS1 9JF, United Kingdom

Opening Hours

  • Monday 09:30 – 15:30
  • Tuesday 09:30 – 15:30
  • Wednesday 09:30 – 15:30
  • Thursday 09:30 – 15:30
  • Friday 09:30 – 15:30
  • Saturday – Closed
  • Sunday – Closed