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. Loan amounts between £1,000 and £50,000 starting from 6.6%.
For a quick decision on eligibility and interest rates, NatWest's personal loan is tailored for existing customers with good or excellent credit. With instant decisions, same-day funding, competitive rates and fixed monthly repayments, NatWest could offer you a good financial solution. Important to note that rates vary per application.
Pros
Competitive interest rates
Fixed rate monthly repayments
Quick decisions and same-day funding
Cons
Existing customers only
Penalty fee if you choose to overpay
You'll need a good credit history for the lowest rates
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.6% p.a. (fixed). Representative APR 6.6% and total payable £11,018.52 in monthly repayments of £306.07.
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.
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 NatWest’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 offers a repayment holiday facility, which is handy, but because you continue to be charged interest during this time, it pushes up the overall cost of your loan. Our calculation also assumes that you don’t take a repayment break.
How do NatWest loans compare against the competition?
Table: sorted by representative APR, promoted deals first
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 April 2024
NatWest Personal Loan (existing customers):
6.6% p.a. fixed interest rate with no fee, on loans of £10,000 over 3 years. Apply to borrow up to £50,000.
Personal loans for existing NatWest customers
Borrow from £1,000.00 to £50,000.00.
Get a personalised quote depending on your circumstances.
You could get a decision online in minutes.
Specific eligibility criteria apply.
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.6% p.a. (fixed). Representative APR 6.6% and total payable £11,018.52 in monthly repayments of £306.07.
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 type
Unsecured Personal Loan
Loan amounts
£1,000.00 to £50,000.00
Loan terms
1 Year to 8 Years
Loan rate type
Fixed
Product fee
0%
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 methods
Direct 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.
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 considers. 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.
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.
Get a decision. Once you’ve completed your application, you should find out if you’ve been approved within a couple of minutes.
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.
NatWest customer reviews
In our independent 2024 customer satisfaction survey, 89% of NatWest’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s good customer service and “straightforward” application process. Here’s what some of those NatWest customers had to say:
“It was an easy application process, their customer service is excellent and their rates are reasonable”
“Very quick response, my loan was in my account within hours and NatwWest offer a good interest rate”
“NatWest were very communicative through every stage of the loan process and the interest rate was a good deal”
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.
Customer support
You can call customer support on 0345 788 8444. Lines are open Monday to Friday 8am to 8pm, Saturday 9am to 3pm (excluding public holidays).
Frequently asked questions
NatWest was founded in 1968 following the merger of National Provincial Bank and Westminster Bank, and is now part of the Royal Bank of Scotland Group – one of the “Big Four” UK banks.
When you apply through your online banking during working hours Monday – Thursday, you’ll usually get an instant decision. Once you’ve been unconditionally accepted, you’ll receive the funds the next working day.
Contractors, sole traders, company directors/owners, and those working under a partnership can still apply. You’ll need to provide two years of accounts or SA302 tax returns. Sometimes NatWest may require further supporting documents.
Yes. simply log in to online banking or phone NatWest (0345 366 5502) and request a final settlement figure. NatWest will contact you within one working day to tell you the final amount due and the next steps to making this final payment.
It’s important to check the early repayment terms before applying for any personal loan. If there’s a likelihood that you’ll be able to clear a loan early, then good early-repayment terms should be an important factor in deciding which lender to use.
This is a tool that you can use to get a personalised quote on a NatWest loan. You choose a loan amount and term, as well as your personal details, and can then see if you’re likely to be approved for a loan, and how much it will cost. Using Quick Quote does not appear on or affect your credit rating.
Personal loans scores
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.
The NatWest Reward Black Credit Card has no overseas transaction fees and also earns points that can be exchanged for cash, vouchers or charitable donations.
Enjoy low ongoing interest rates and no annual fees or foreign transaction fees with this straightforward NatWest credit card.
Feedback
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
