NatWest Personal Loan
Representative 6.6% APR, borrow from £1,000 to £50,000, terms up to 10 years, instant decision, quick payout, tailored quotes and flexible repayment options.
NatWest offers a personal loan with a representative interest rate as low as 6.6% APR on amounts between £7,500 and £14,950. The loan term can range from one to ten years, depending on the amount and the purpose of the loan. Borrowers can receive up to £50,000 if they’ve held a NatWest current account for over three months; otherwise, the maximum loan is £35,000. What’s more, applicants may see funds credited the same day if approved and signed before 5:45pm on weekdays.
How to Apply for a NatWest Personal Loan
- Get a free, personalised quote without impacting your credit score.
- Complete the simple online application, which takes under 10 minutes.
- Provide your address history for the last three years and income details.
- Review your offer and accept if you’re happy with the terms.
- Sign your agreement, and the funds could arrive in your account the same day.
Key Advantages of NatWest Personal Loan
One standout advantage is the competitive representative 6.6% APR on mid-spectrum loan amounts, giving you more affordable monthly repayments.
Another benefit is the speed. With an instant online decision and potential same-day funding, NatWest’s process minimises waiting and uncertainty for borrowers.
Potential Drawbacks
The rate you receive may differ from the advertised APR and will depend on your circumstances, which means some borrowers could pay more interest than expected.
Early repayment incurs a fee of up to 58 days’ interest, which could add extra cost if you want to settle early.
Our Verdict
NatWest’s personal loan stands out for its competitive rate, repayment flexibility and rapid funding. While the best rates are reserved for applicants who meet credit criteria, the transparent application process, handy mobile management tools and wide available loan terms make it a compelling option for most UK borrowers.