Loan Rates
Scotwest Loan Rates
What you see is what you get with a Scotwest Loan. The rates listed here are available to everyone who meet our lending criteria and don’t change depending
upon your circumstances unlike some other lenders and they they don’t come with any hidden fees or charges so Whether you are borrowing for a new car, a holiday, home improvements or to consolidate existing lending you can use the loan calculators on this page to find out how much you could pay with a Scotwest Loan – breaking down your regular payments and the total amount of interest you will pay over the course of the loan
| From | To | Representative APR | Interest Rate |
| up to | £1000 | 26.8% | 24.0% |
| £1,001 | £4,999 | 13.7% | 12.92% |
| £5,000 | £9,999 | 8.5% | 8.19% |
| £10,000 | £30,000 | 8% | 7.72% |
| Car Loan 7.5% Rep APR |
Green Car Loan 6.5% Rep APR |
| Consolidation Loans 19.5% Rep APR | SavingsSecure Loans 3.5% Rep APR |
| Revolvaloans 16.1% Rep APR |
These loan rates apply to new loans granted from 15/03/2024.
Existing borrowers should check their loan agreement for confirmation of their loan rate.
Every loan application is carefully and individually assessed; decisions are based on a range of factors, always considering your income and expenditure and ability to repay.
Please note from 22 May 2025 we will not be accepting loan applications from new members. Our online membership form will reflect this as soon as possible but any loan application completed on this form will not be processed. We are sorry for any inconvenience this may cause.
At Scotwest, we help members who are struggling with their Scotwest loans. If you are experiencing debt problems, make sure that you get help straight away by speaking to your lender in the first instance before it spirals out of control. You can read guides on borrowing money and take the Debt Test from the team at Money Advice Scotland on our website here: scotwest.co.uk/borrowing-money