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RBS: Personal Loan reviews

Name: Personal Loan
Rating: 3.8 (10 reviews)

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3.96

Based on 10 reviews, last reviewed 11th Apr 2023

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

50%

20%

10%

2 star

20%

Latest highest rating:

5

Had confidence in me too loan me 5k Great bank been with them 12yrs and now linked too NatWest have an affordable payment plan and can pay extra too bring loan down Reviewed on: 11th April 2023

Latest lowest rating:

1

Appalling customer service and care which includes bias, prejudice and lack of care. I wouldn’t even rate this bank one to be honest. This rating comes after my husband and I have banked with RBS for approximately 16 years. The ban... Read more Reviewed on: 22nd November 2019

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About this product

RBS personal loan reviews on Smart Money People are honest reviews. If you're trying to determine whether this is the right personal loan for you, reading our RBS personal loan reviews can help you to find out what other people have to say. Smart Money People launched in October 2014 to help people like you to find the best personal loans. If you have used a RBS personal loan, we'd love you to write a quick review too.

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RBS Personal Loan reviews (10)

Had confidence in me too loan me 5k

Great bank been with them 12yrs and now linked too NatWest have an affordable payment plan and can pay extra too bring loan down Reviewed on: 11th April 2023

Good Mortgage

Receive calls regarding mortgage with good information on me helping to save etc. Reviewed on: 22nd March 2022

Appalling customer service and care which includes bias, prejudice and lack of care.

I wouldn’t even rate this bank one to be honest. This rating comes after my husband and I have banked with RBS for approximately 16 years. The bank as it stands were always happy to support us until due to my own stupidity I found myself to be in debt. My husband and I did however always manage to pay our bills and we never once defaulted on a payment however the strain of finding the money eventually became very difficult and I took the decision to look at an IVA in the hope that the monthly payments could be reduced and managed. The finances I were wanting to put on an Iva were from store cards and credit cards etc but I didn’t want a joint loan that my husband and I have with RBS to be included in the IVA as I didn’t want my husbands credit to be affected if I could help it. We were able to pay the loan amount as we have always done for the duration of the loan term. After I made the difficult decision to enter into an IVA on the grounds that my joint loans were kept out of the agreement Freeman Jones who my IVA is with wrote to RBS to inform them that I was entering into an agreement but my joint loans wouldn’t be affected and my husband would become responsible for them and continue to pay for them as always. I didn’t hear anything from RBS, neither did by husband until we my husband tried to pay the monthly loan and found out that we had been totally frozen out of our account without any prior warning what so ever. When my husband called RBS to ask why we could not pay we were told that our account had been blocked because I had gone into an IVA and because of that RBS wanted the joint loan which is approximately £14,000 to be paid for in full and in one lump sum by the end of the week. As you can imagine we don’t have £14,000 pounds to hand, so the RBS told my husband that he would default on the payment and it would have to go to the banks legal team. However we don’t understand why we would be defaulted when we are trying to pay for the loan but RBS that are stopping us. As anyone with financial difficulties might know this upset my husband and I greatly as we didn’t know what to do. RBS also told my husband that its wrote into our terms and conditions of the loan which we agreed to by signing that if one person enters into an IVA in a joint loan the other party has to pay the remainder of this loan in full in one go. Both my husband and I looked at the agreement with a fine toothcomb and this sentence was not listed anywhere, so my husband called RBS back and another staff member said that this term isn’t detailed but it’s an administrative term of the loan that neither my husband and I as lenders were aware off and wouldn’t because its only used administratively by employees of RBS. I have complained to the bank three times now but no one to date has even acknowledged me. I find RBS to be an appalling bank who seemingly does not value its customers but wants to victimise them instead. My husband spoke to Payplan a charity for debt management and they too didn’t understand what RBS are doing to us and said they have never heard of a bank treating people in such a way. Reviewed on: 22nd November 2019

Quick, Efficient and the Best Customer Service

Personal loan was able to be completed quick and easy by great staff over the phone by using a programme called VScreen and money was available by the next day. Staff were incredibly helpful and efficient, the best service! Reviewed on: 9th January 2019

Truely helpful and quick

The help and advice I got in Branch in Richmond was above and beyond and dug me out a hole Reviewed on: 6th November 2018

Really helpful

I took out a loan some time ago and my local branch has been brilliant in terms of looking at me making additional payments when I can as well as reducing down my monthly payment due to a change in employment. Without their help, I'm sure I would have had plenty more financial issues! Reviewed on: 16th January 2018

Really Helpful

RBS were able to really help me save money by continually looking at their rates to give me the best possible deal. I have re-financed my loan a couple of times now and even when I have borrowed more, I have actually ended up paying less. During a period of unemployment, they were really supportive and looked at what I could do with my repayments so as not to affect my credit adversely. Reviewed on: 11th June 2017

Refused loan

Refused loan for no sound reason since then have had 3 loans and paid them all back ! Reviewed on: 7th June 2017

Poor rates

Used to be more competitive , they are constrained by being a government owned company Reviewed on: 30th May 2017

excellent loan

great loan fixed rate and affordable apr. Reviewed on: 4th April 2017

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