NatWest personal loans

NatWest loan calculator

How much do you need to borrow? £

15000

How long do you need to borrow for?

3

years

Sort by:

Name	Product	Total Payable	Monthly Repayment	Representative APR	Link
NatWest Existing Customer Personal Loan					Check eligibility View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 5.9% p.a. (fixed). Representative APR 5.9% and total payable £10,910.52 in monthly repayments of £303.07.	Compare	loading Fetching your data...

loading

CompareClear

• How our calculator works

  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?

How much do you need to borrow? £

15000

How long do you need to borrow for?

3

years

Sort by:

Name	Product	Total Payable	Monthly Repayment	Representative APR	Link
Fluro (formerly Lending Works) Personal Loan					Check eligibility View details	Representative Example: Assumed borrowing of £7,500.00 over 48 months at 16.9% APR representative. Monthly cost of £211.47. Total amount repayable of £10,150.38. Interest rate of 15.7% p.a.(fixed) and total fees of £150.00.	Compare	loading Fetching your data...
NatWest Existing Customer Personal Loan					Check eligibility View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 5.9% p.a. (fixed). Representative APR 5.9% and total payable £10,910.52 in monthly repayments of £303.07.	Compare	loading Fetching your data...
Novuna Personal Loan					Check eligibility View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 5.9% p.a. (fixed). Representative APR 5.9% and total payable £10,910.52 in monthly repayments of £303.07.	Compare	loading Fetching your data...
Lloyds Bank Existing Customer Personal Loan					View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 5.9% p.a. (fixed). Representative APR 5.9% and total payable £10,910.52 in monthly repayments of £303.07.	Compare	loading Fetching your data...
Barclays Bank Existing Current Account Customer Barclayloan					View details	Representative example: Borrow £25,100.00 over 3 years at a rate of 13.1% p.a. (fixed). Representative APR 13.1% and total payable £30,173.76 in monthly repayments of £838.16.	Compare	loading Fetching your data...
Zopa Personal Loan					View details	Representative example: Borrow £1,500.00 over 3 years at a rate of 19.9% p.a. (fixed). Representative APR 19.9% and total payable £1,959.84 in monthly repayments of £54.44.	Compare	loading Fetching your data...
My Community Bank Personal Loan					Check eligibility View details	Representative example: Borrow £6,000.00 over 4 years at a rate of 18.85% p.a. (fixed). Representative APR 18.85% and total payable £8,335.00 in monthly repayments of £173.64.	Compare	loading Fetching your data...

loading

CompareClear

NatWest loan rates for March 2023

• NatWest Personal Loan (existing customers):
  5.9% 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.

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.

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

• Who is NatWest?

  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.

• How long does it take?

  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.

• What if I'm self-employed?

  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.

• Can I pay back the loan early?

  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.

• What is NatWest Quick Quote?

  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.