Important disclosure

Natwest Personal Loans Overview

NatWest logo

If you’re looking to go on a holiday or purchase a car, you can potentially do it with NatWest personal loan.

Don’t know where to start? We got you covered.

Use the info on this page and our NatWest personal loan calculator to start!

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.

But first… An overview about NatWest

National Westminster Bank or NatWest is a retail banking company. They’re one of the largest business and commercial banks in the UK.

Are you looking for a bank that offers an extensive list of products and services? NatWest might just be for you. Online banking, business banking, mortgages, and personal loans are just a few of their products.

Apart from a wide range of banking products, NatWest provides global payments solutions for businesses in the UK, Europe, and other countries.

They also offer PayIt, a payment solution that doesn’t require registration on NatWest or your bank details for you to use it.

Natwest personal loans

Natwest offers personal loans with a representative of 3.4% APR, but this may differ based on your financial circumstances.

Depending on the loan amount, the repayment term may last up to 10 years.

Aside from personal loans, NatWest also offers the following:

  • Online bank account
  • Investments
  • Insurance
  • Savings
  • Credit Cards
  • Overdrafts
  • And more

How can you use their personal loans?

  • Adding home amenities
  • Consolidating debts
  • Purchasing a vehicle
  • Funding celebrations like weddings
  • Going on out-of-the-country on a family holiday

NatWest personal loan features

  • Loan range is between £7,500 and £19,950
  • Has early repayment fee worth 58 days of interest
  • Allows loan holiday — Deferring first payment is allowed
  • You can get your loan funds in the same day if you apply online

How to apply for a NatWest personal loan?

You’re eligible if you:

  • Are 18 years old or over
  • Are a permanent resident in the UK
  • Have a NatWest current account for more than 3 months
  • Have a credit card or mortgage held for 6 months

How to apply for a Natwest Personal loan?

  • Sign up on their website
  • Give your address details for the last 3 years
  • Provide your annual income, outgoings, and employment details
  • Be ready to provide your homeownership and relationship details as well

 

Natwest personal loan calculator

Loan Amount

£20,000

Term

3 months

NatWest

NatWest personal loans (20,000 - 25,000)

EST Monthly Repayment
EST Monthly Repayment
4.90%
APR
EST Monthly Repayment
24 months
to 96 months
EST Monthly Repayment
£20,000
to £25,000
If you're thinking about changing your car, tidying up your finances or making some improvements to your home, a loan from us could be the helping hand you need.

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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 FAQs

How long does it take to apply for a NatWest personal loan?

It takes 10 minutes to apply for a loan online. You can also get your loan funds if you sign the documents before 5:45 PM, Monday to Friday.

Can getting a quote affect my credit score?

NatWest offers a quoting service if you have a current account. You can determine your loan amount and the rate at the start of the application, but it won’t affect your credit score at all.

How much can I borrow with NatWest?

You can borrow £1,000 – £7,450, £7,500 – £50,000, and £7,500 – £50,000 for home improvements.

Can I overpay a NatWest personal loan early?

Yes, but you will have to pay a fee worth 58 days interest.

How can I know if I should get a Natwest personal loan?

A personal loan might suit you if you’re planning to spend the loan on a big purchase. You’d also probably prefer a loan if you have long-term borrowing needs.


Learn more about NatWest personal loans in this video

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