How much do you want to borrow?
£1,000 £7,499Over how many months?
12 months 60 monthsMonthly Repayment
Total Interest paid
Arrangement Fee
Total amount paid
8.2% - 19.8%
13.9%
£1,000 - £7,499
Minimum Term 1 year
Loans up to £7,499 - 5 years
Direct Debit from a Clydesdale Bank Account
Up to 7 working days
No Fee
None available
Transferred into your bank account
Yes
164th for APR of 423 loans in the UK (See Lender League Table By APR)
84th for Customer Satisfaction (See Customer Reviews)
Clydesdale Bank offer smaller, unsecured, personal loans between £1,000 to £7,499 for most purposes. Early repayment options are available at no extra cost. They do offer Payment Protection with their loan but do not feel obliged to take it. If you are interested in Payment Protection, have a look around elsewhere because you will probably be able to find it cheaper.
You can apply online if you're already an online customer with Clydesdale or over the phone. If you're not, you can apply in branch. After you have completed your online application, they will give you a reference number (note this down somewhere). They will then contact you via email within 2 business days informing you of their decision. Once you have been accepted, a letter and your loan agreement will be posted to you. Read through it carefully and sign it. When received by Clydesdale, they will fully assess your application and make a final decision. If accepted, they should pay the money out within 3 - 5 working days.
Clydesdale offer payment holidays at the start of the loan. If you have chosen to pay your loan back weekly then you can defer your first payment by 14 days. If you are paying monthly you can hold the first payment off until the 56th day of the loan, this gives more freedom with your payments. However, many customers don't like the fact that there aren't many branches about, this means most problems have to be dealt with over the phone. The APR can also be quite high. There are a few complaints on various comparison forums that seem to question their customer service as well. You can expect normal bank charges, such as failed direct debits, for missed payments.
You can apply online or over the phone with Clydesdale if you're an existing customer, if you're not you can visit a branch. After you have completed your online application, they will give you a reference number (note this down somewhere). They will then contact you via email within 2 business days. Once you have been accepted, a letter and your loan agreement will be posted to you. Once signed, sent back and received by Clydesdale, they should pay the money out within 3 - 5 working days.
Clydesdale offer payment holidays at the start of the loan, if you have chosen to pay your loan back weekly then you can defer your first payment by 14 days. If you are paying monthly you can hold the first payment off until the 56th day of the loan, this gives you more freedom with payments. However, many customers don't like the fact that there aren't many branches about, this means most problems have to be dealt with over the phone. The APR can also be quite high. There are a few complaints on various comparison forums that question their customer service as well. You can expect normal bank charges for missed payments.
|
Default Fees |
Default Letter - £20.00 |
|
Early Settlement Fees |
There are no early repayment fees |
|
Late Payment Fees |
Failed Direct Debit - Your bank will charge you for this |
Average Customer Review:
(3 customer reviews)
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The most critical review
money very quick
Sunny, Leicester
1 year ago
I choose to take a £2000 loan for home improvements and I applied directly online. The process was simple, I put my detail in and got a call back a day later with a loan offer from them. All I had to do was fill in and return the documents they sent and I had the loan shortly after.
RUBBISH!!
Luke, West yorkshire
1 year ago
Clydesdale bank have a history of offering finance, then closing your account days later leaving you in the cold.
DONT BE CAUGHT OUT.....................AVOID AT ALL COSTS
Clydesdale
Kevin, County antrim
1 year ago
I choose to go with Clydesdale for a couple of reasons. Firstly they offer a guaranteed fixed APR rate for the duration of the loan so I could budget around the repayments. Also they allowed me to pay for my loan either weekly or monthly which helped with as I am weekly paid from work.
Clydesdale Bank PLC, Registered Office, 30 St Vincent Place, G1 2HL
0845 603 3241
Clydesdale Bank Debt Help
http://www.debt-line.org.uk/ClydesdaleBank
