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 (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.	Compare	loading Fetching your data...

Compare up to 4 providers

Clear selection

Compare

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
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.	Compare	loading Fetching your data...
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.	Compare	loading Fetching your data...
Post Office Money® Personal Loan					Check eligibility View details	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.	Compare	loading Fetching your data...
Royal Bank of Scotland 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.	Compare	loading Fetching your data...
AA Member Loan					Check eligibility View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 3.0% p.a. (fixed). Representative APR 3.0% and total payable £10,462.68 in monthly repayments of £290.63.	Compare	loading Fetching your data...
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.	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 3.9% p.a. (fixed). Representative APR 3.9% and total payable £10,601.64 in monthly repayments of £294.49.	Compare	loading Fetching your data...
Lending Works Personal Loan					Check eligibility View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 5.8% p.a. (fixed) with an application fee of £0.00. Representative APR 10.0% and total payable £11,543.40 in monthly repayments of £320.65.	Compare	loading Fetching your data...
M&S Bank Personal Loan					Go to site View details	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	loading Fetching your data...

Compare up to 4 providers

Clear selection

Compare

NatWest loan rates for February 2020

• 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.

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.

Things to keep in mind

• Existing NatWest customers only. Unfortunately, NatWest loans are only available to existing customers who have had another NatWest product for at least 3 to 6 months.
• Flexible loan amounts. While many of its competitors cap personal loans at £25,000, NatWest provides personal loans of up to £50,000.
• Fast turnaround. You can get approved for a loan online within minutes, and can even receive your funds the following day if you use online banking.
• Extended loan term option. If you are getting a loan to make home improvements, you can choose a loan term up to ten years.
• Your rate may vary. 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.

How does a NatWest personal loan work?

If you want to get a NatWest loan, you can do so by completing the following steps:

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.

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.