Important disclosure

NatWest Car Loans Overview

NatWest logo

The table below has the information you need to know about NatWest car loan options.

How much will you pay for a NatWest car loan? Use the NatWest car loan calculator below to get an estimate of your monthly repayments. Input your desired amount for a car loan and your preferred terms to see possible repayments. You can also use the sliders to adjust the amount and the terms to see different outcomes.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

NatWest car loans review

With NatWest car loans, you can get financing online to spread payments when purchasing your dream car—new, used and even electric. NatWest offers personalised rates for borrowers.

NatWest car loan features

Thinking of applying for a NatWest car loan? Here are the key features and benefits to expect:

  • Loan amount and terms. Borrow £7,500 and £50,000 over a term of 1 to 8 years, with a maximum rate of 29.9% p.a. (fixed) APR.
  • Online application. Apply and get approved for a car loan online, and get your fund in as fast as 24 hours.
  • No credit checks. NatWest only carries soft credit checks for their bank members to verify their eligibility for a car loan.
  • Change your repayment dates. You can request a change of repayment date for your car loan by calling NatWest.
  • Repayment holiday. Get a chance to have an option to defer your first repayment for a three-month period. (This is subject to availability, and will be offered during the quote stage)

How to apply for a NatWest car loan?

Check that you’re eligible:

To qualify, you must:

  • Be 18 years old and above
  • A UK resident
  • Have a NatWest bank account for more than 3 months
  • Hold a valid full UK, NI or EU driver’s licence
  • e with good credit history (no bankruptcy declaration for the past 6 years)
  • Not have applied for a NatWest personal loan in the last 28 days

What you’ll need:
Other than your personal and contact information like phone number and email address, you should also prepare the following when applying:

  • NatWest bank account details
  • A NatWest Online Banking account
  • Address information for the last 3 years
  • Details of your income and expenses

 

NatWest car loan calculator

Loan Amount

£20,000

Term

60 months

NatWest

NatWest Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View NatWest's website for more details on their car loans

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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

NatWest Car Loan FAQs

How long will it take to get a NatWest car loan?

You can apply for a NatWest car loan online in a matter of minutes. Once you get approved for a loan and have signed your loan agreement online, you can get the fund the same day. This is given that you complete the process before 5:45 pm, from Monday to Friday, except on holidays.

However, in some cases that NatWest might need further information or documents from you, the process may take more time.

Do I need to have a NatWest bank account to get a car loan?

Yes. To get a personal or car loan, borrowers must have a bank account with NatWest for 3 months or more. They carry out soft credit checks and having a bank account with them helps in this process.

They will also require borrowers to have a registered online banking account. Borrowers can only get a quote and fill out a loan application form via the NatWest online banking portal.

Does NatWest offer joint car loans?

No. The NatWest car financing option is only available as a sole loan. The borrower must only apply for a loan under his/her name.

How can I apply for fo NatWest Car Loan?

To get a car loan from NatWest, you can get a quote and apply through their website. Go to their personal loans page and choose car loans. You can also apply through their mobile banking app. Both methods will require you to sign in to your online banking account to start the application process.

You will then need to input the amount you want to borrow and the purpose of your loan. Complete the online loan application form and let NatWest guide you through the process. Once done, you will receive a decision and an offer. You can simply accept this offer and take out your loan.


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