NatWest personal loans calculator

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%.

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NatWest loan calculator

1 - 1 of 1
Name Product Finder score Total Payable Monthly Repayment Representative APR Link
NatWest Existing Customer Personal Loan
4.0
★★★★★
View details
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.
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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
1 - 4 of 12
Name Product Finder score Total Payable Monthly Repayment Representative APR Link
Novuna Personal Loan
4.5
★★★★★
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 7.4% p.a. (fixed). Representative APR 7.4% and total payable £11,142.00 in monthly repayments of £309.50.
My Community Bank Personal Loan
4.5
★★★★★
Check eligibility
View details
Representative example: Borrow £5,000 over 48 months at a rate of 24.9% pa (fixed). Representative APR 27.9% and total payable £7,939.24 in monthly repayments of £165.40.
Barclays Existing Current Account Loan
4.5
★★★★★
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.1% p.a. (fixed). Representative APR 6.1% and total payable £10,941.12 in monthly repayments of £303.92.
NatWest Existing Customer Personal Loan
4.0
★★★★★
View details
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.
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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.

Our verdict

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.
NatWest Existing Customer Personal Loan
4.0 ★★★★★
Finder score

Maximum loan

£50,000

Product fee

N/A

Early redemption fee

Yes

NatWest loan rates for June 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.

Quick overview of NatWest personal loans

Loan amounts From £1,000 to £50,000
Loan terms From 1 year to 8 years
Age eligibility 18 years and over
Application fee No application fee
Repayment holiday Repayment holiday not permitted

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 terms1 Year 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.

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.

  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.

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

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.

To find out more, read our full methodology.

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.

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