NatWest Personal Loan
Borrow from £1,000 to £50,000 with a representative 6.6% APR and same-day payout if approved before 5:45pm. Get a fast decision and manage online easily.
NatWest’s personal loan offers the opportunity to borrow from £1,000 to £50,000, with a competitive representative APR of 6.6% for amounts between £7,500 and £14,950. Your rate depends on your circumstances, but applicants benefit from transparent terms, clear costs, and fast online approval. You can choose between one and up to ten years for repayment, subject to the amount and purpose of the loan. Existing current account holders may borrow up to £50,000, while others can apply for up to £35,000. Conveniently, same-day payout is available if you apply and are approved before 5:45pm on weekdays.
How to Apply: Step by Step
- Check your eligibility: Use the free, no-impact quote tool
- Complete your application online or via the NatWest mobile app
- Prepare key details: addresses for the last three years and income info
- Receive an instant decision
- If approved, sign documents electronically and get your funds the same day
Pros of NatWest Personal Loan
One major advantage is the speedy application and payout process. Approval can take just minutes, and approved applicants can access funds quickly — even the same day in many cases.
Flexibility is another strength, as loans are available for a variety of purposes, and repayment can be spread over a term that suits your situation, up to a maximum of ten years for home improvement loans.
Cons of NatWest Personal Loan
Early repayment comes with a charge, which may deter those who want to settle their loan before the end of the term. The exact fee depends on the loan length.
While the advertised 6.6% APR is attractive, it is not guaranteed. The final interest rate is subject to your credit score, personal financial circumstances, and loan amount.
Verdict
NatWest personal loans are a strong option for those seeking transparent terms, quick decisions, and same-day funding. The digital application process is user-friendly, but prospective borrowers should consider the early repayment fees and interest rate variability before applying.