NatWest

NatWest personal loans

Use our NatWest loans calculator to get the latest NatWest loan rates, and see how much you'll pay back on a NatWest personal loan.

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Unsecured fixed rate loans of up to £50,000
Available to existing customers only

NatWest loan calculator

Name Product Total Payable Monthly Repayment Representative APR Link
NatWest Existing Customer Personal Loan (specific eligibility criteria apply)
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View details
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.
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Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Late repayments can cause you serious money problems. See our debt help guides.

    How do NatWest loans compare against the competition?

    Table: sorted by representative APR, promoted deals first
    Name Product Total Payable Monthly Repayment Representative APR Link
    Lending Works Personal Loan
    Check eligibility
    View details
    Representative example: Borrow £10,000.00 over 3 years at a rate of 7.1% p.a. (fixed) with an application fee of £0.00. Representative APR 10.7% and total payable £11,651.40 in monthly repayments of £323.65.
    NatWest Existing Customer Personal Loan (specific eligibility criteria apply)
    Go to site
    View details
    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.
    Hitachi Personal Finance Hitachi Personal Loan
    Check eligibility
    View details
    Representative example: Borrow £10,000.00 over 3 years at a rate of 3.2% p.a. (fixed). Representative APR 3.2% and total payable £10,493.64 in monthly repayments of £291.49.
    Lloyds Bank Existing Customer Personal Loan
    View details
    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.
    Barclays Bank Existing Current Account Customer Barclayloan
    View details
    Representative example: Borrow £10,000.00 over 3 years at a rate of 7.9% p.a. (fixed). Representative APR 7.9% and total payable £11,219.04 in monthly repayments of £311.64.
    Zopa Personal Loan
    Check eligibility
    View details
    Representative example: Borrow £10,000.00 over 5 years at a rate of 8.8% p.a. (fixed) with an application fee of £240.00. Representative APR 9.9% and total payable £12,602.87 in monthly repayments of £210.05.
    My Community Bank Personal Loan
    Check eligibility
    View details
    Representative example: Borrow £10,000.00 over 3 years at a rate of 17.1% p.a. (fixed). Representative APR 17.1% and total payable £12,636.72 in monthly repayments of £351.02.
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    Compare up to 4 providers

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

    NatWest loan rates for September 2021

    • NatWest Personal Loan (existing customers):
      3.4% p.a. fixed interest rate with no fee, on loans of £10,000 over 3 years. Apply to borrow up to £50,000.

    Key features of NatWest personal loans

    NatWest personal loans are unsecured, meaning you do not need to provide an asset as security against the loan. Instead, your rate will be based on your personal credit rating. 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.

    Loan typeUnsecured Personal Loan
    Loan amounts£1,000.00 to £50,000.00
    Loan terms2 Years to 8 Years
    Loan rate typeFixed
    Product fee0%
    Same day funding available
    Instant decisions in most cases
    Soft-search facility available
    Joint applications
    Overpay without penalty
    Concurrent loans allowed
    Topping-up pays off existing loan and initiates a new loan
    Repayment methodsDirect Debit

    Unfortunately, NatWest loans are only available to existing customers who have had another NatWest product for at least 3 to 6 months. However if that’s you, you could get approved for a loan online within minutes and receive your funds the following day if you use online banking.

    If you’re getting a loan to make home improvements, you can choose a loan term up to ten years.

    What is APR?

    The Annual Percentage Rate (APR) provides an annual summary of the cost of a specific loan. It takes into account both the interest and any mandatory charges you’ll need to pay over the duration of the loan. Where a lender doesn’t charge product/admin fees (as is the case with NatWest) the interest rate and the APR will usually be the same.

    The purpose of the APR is to help consumers to compare loans even when different lenders structure their rates and fees differently. Sounds great, right? However, almost all lenders will offer each successful applicant a personalised APR. In other words, if the lender sees that your credit record isn’t perfect, there’s a decent chance that they’ll offer you a higher rate than the advertised representative APR. The representative APR is the APR that a lender realistically expects 51% of customers to receive.

    Am I eligible for a NatWest personal loan?

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

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

    What credit score do I need to get a NatWest loan?

    NatWest typically offers loans to applicants with high credit scores. It's important to note that your credit record is just one factor that NatWest will consider. However if you don't have a high credit score, you're very unlikely to get approved for a NatWest loan.

    A "Good" or "Excellent" credit rating would require a score of 881 or higher if you're referring to Experian's scale, 531 or higher if you're referring to Equifax's scale and 604 or higher if you're referring to TransUnion's scale.

    Do NatWest loans give an instant decision?

    Yes, NatWest offers instant decisions online in most cases (occasionally more information may be required). First, you can use the soft search eligibility checker to find out your chances of getting approved (this won't affect your credit score). Then, if you opt to go ahead and apply, you'll get an instant answer. NatWest can also offer same-day funding of your loan.

    Can I get a second NatWest loan?

    Yes, NatWest allows you to have more than one loan running at the same time. Each application for credit will be considered on its own merit. Alternatively, NatWest also allows you to effectively "top up" your loan, by closing your current loan and starting a new, larger loan.

    How do I apply?

    If you've decided that a personal loan from is right for you, you can head over to 's website to apply. Completing the secure online application form usually takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you'll need to make the process as straightforward as possible.

    1. Start your application.
      Use NatWest’s “Quick Quote” tool to see if you’re likely to be approved for a loan, and what you’ll need to pay. You can then click “Ready to apply” to begin your loan application.
    2. Get a decision.
      Once you’ve completed your application, you should find out if you’ve been approved within a couple of minutes.
    3. Receive your funds.
      You’ll receive your funds the next day, provided you use NatWest online banking and apply before 5.55pm between Monday to Thursday.

    Does NatWest offer debt consolidation loans?

    NatWest personal loans can be used to consolidate debt, but the lender does not offer dedicated debt consolidation loans. As with a normal NatWest personal loan, you’ll need to have been a NatWest current account holder for at least three months to be eligible for a NatWest debt consolidation loan.

    Frequently asked questions

    Will you be approved?

    Check your personalised rates and likelihood of acceptance.

    Personal loans ratings

    ★★★★★ — Excellent
    ★★★★★ — Good
    ★★★★★ — Average
    ★★★★★ — Subpar
    ★★★★★ — Poor

    Our customer satisfaction scores ("Customers say") are based on a survey of 751 customers carried out in December 2020.

    We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though 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, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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