NatWest loan calculator

Use our NatWest loans calculator to see how much you'll pay back on a NatWest personal loan.

NatWest

Part of the RBS Group, NatWest is a mainstay of the British high street offering its customers a range of financial services including fixed-rate unsecured personal loans.

Our calculator lets you pick how much you want to borrow, and see how much you’ll pay back. You can also get an idea of how NatWest’s rates stack up against other popular lenders’. We base our calculations on each lender’s representative APR, but it’s important to note that credit is subject to status and your circumstances may affect the rate you’re offered.

NatWest loan calculator

Name Product Total Payable Monthly Repayment Representative APR
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.4% p.a. (fixed). Representative APR 3.4% and total payable £10,524.24 in monthly repayments of £292.34.

Compare up to 4 providers

Important information:
You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

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How do NatWest loans compare against the competition?

Table: sorted by representative APR, promoted deals first

Before you take out a personal loan, it’s smart to read up and shop around. You can use the table below to see how much the loan you have in mind cost cost with a range of lenders.

Name Product Total Payable Monthly Repayment Representative APR
Representative example: Borrow £10,000.00 over 3 years at a rate of 5.5% p.a. (fixed). Representative APR 5.5% and total payable £10,848.60 in monthly repayments of £301.35.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.4% p.a. (fixed). Representative APR 3.4% and total payable £10,524.24 in monthly repayments of £292.34.
Representative example: Borrow £15,001.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £15,718.32 in monthly repayments of £436.62.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.4% p.a. (fixed). Representative APR 3.4% and total payable £10,524.24 in monthly repayments of £292.34.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.9% p.a. (fixed). Representative APR 3.9% and total payable £10,601.64 in monthly repayments of £294.49.
Representative example: Borrow £10,000.00 over 3 years at a rate of 2.9% p.a. (fixed). Representative APR 2.9% and total payable £10,447.20 in monthly repayments of £290.20.

Compare up to 4 providers

Important information:
You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

A standard fixture of British high streets since the 1968 merger of National Provincial Bank and Westminster Bank, NatWest is now part of the Royal Bank of Scotland Group – one of the “Big Four” UK banks.

Whether you’re looking to buy a new car, consolidate debt, refurbish the kitchen, or take that desperately needed holiday, NatWest offers competitive and flexible fixed-rate loans.

While many of its competitors cap personal loans at £25,000, NatWest provides personal loans of up to £50,000. However, in order to take out a NatWest personal loan you do have to have your current account with NatWest.

Key features of NatWest personal loans at a glance

  • Loan amounts from £1,000 to £50,000.
  • Loan terms from 2-8 years. Or 1-5 years for loan loan amounts less than £7,500.
  • Longer terms available if the loan is for home improvements. You may be asked to provide evidence that the loan is for a home improvement.
  • Fixed monthly repayments. The interest rate is fixed, meaning you’ll pay the same amount each month, so there are no surprises and you know how much the loan is going to cost you overall.
  • Get a personalised quick quote with no impact on your credit rating. View your personalised interest rate and monthly payment calculation.
  • Online decision in minutes. NatWest will even pre-fill your application, saving you time.
  • Receive funds the next working day. If you use online banking. Subject to approval.

These personal loans are unsecured – meaning they’re be based on creditworthiness, rather than the use of property or other assets as collateral.

The loans are available over a period of 2-5 years for amounts between £1,000 and £7,499, or over a period of 2-8 years for amounts between £7,500 and £50,000. In cases where the loan is specifically for home improvements, you can apply for an extended term of up to 10 years (you may be asked to provide evidence that the loan is for a home improvement).

While NatWest’s rates are normally competitive, the representative APR may not be the rate you’ll receive: NatWest will offer you a rate based on assessment of your personal financial circumstances.

What is APR?

If you’re comparing any credit-based products, it won’t be long before you’ll come across the Annual Percentage Rate (APR). This figure is designed to provide an annual summary of the cost of a loan. It takes into account both interest and any mandatory charges to be paid (for example an arrangement fee) over the duration of a loan.

All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.

Bear in mind, however, that lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.

Am I eligible for a NatWest personal loan?

You should only apply for a NatWest personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:

  • You must be aged 18 or over.
  • You must be a UK resident.
  • You must have either a NatWest current account (held for 3+ months), credit card or mortgage (held for 6+ months).
  • You must not have been declared bankrupt in the last 6 years.
  • Your loan request must be for an acceptable purpose. Check online for NatWest’s unacceptable loan purposes.

Credit card and mortgage customers must apply online or by phone.

How do I apply?

If you’ve decided that a personal loan is right for you, you’ll normally need to provide proof of the following:

  • Your ID.
  • Your address details for the past three years.
  • Your current income and employment details (payslips and bank statements).

However because NatWest personal loans are only available to NatWest current account holders, if that includes you, you may not need to jump through so many hoops! What’s more, if you use online banking already, NatWest will complete much of the application form on your behalf.

Frequently asked questions

Post Office Money® Personal Loan
Post Office Money® Personal Loan
APRs from 3%
(on loans between £15,001 and £25,000 over 12-84 months).

Representative example: Borrow £15,001.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £15,718.32 in monthly repayments of £436.62.

M&S Bank Personal Loan
M&S Bank Personal Loan
APRs from 2.8%
(on loans between £7,500 and £20,000 over 12-36 months).

Representative example: Borrow £10,000.00 over 3 years at a rate of 2.9% p.a. (fixed). Representative APR 2.9% and total payable £10,447.20 in monthly repayments of £290.20.

AA Non-Member Loan
AA Non-Member Loan
APRs from 3%
(on loans between £15,001 and £25,000 over 12-84 months).

Representative example: Borrow £10,000.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £10,478.16 in monthly repayments of £291.06.

Shawbrook Bank Personal Loan
Shawbrook Bank Personal Loan
Personalised rates with representative APR 12.9%

Representative example: Borrow £10,000 over 5 years with representative APR 12.9% (fixed) and total payable £13,405.80 in monthly repayments of £223.43.

We exist to help you find better. The offers we've compared on this page are from a range of products whose details we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations of these) aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When you make major financial decisions, it's wise to consider getting independent financial advice. Always consider your own financial circumstances when you compare products so you get what's right for you.

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