Borrow up to £50,000 with fixed rates and flexible terms. Quick decisions to suit your needs.
NatWest Personal Loan: Borrow up to £50,000 with Fixed Rates
Looking for a loan that adapts to your life? Explore NatWest’s smart borrowing options and see how it fits your financial goals
Check Your Eligibility
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Looking for a loan that adapts to your life? Explore NatWest’s smart borrowing options and see how it fits your financial goals
Check Your Eligibility
You will remain in the same website.
Considering a NatWest Personal Loan? Here are some top perks to ponder:
Borrow £1k–£50k
Fixed monthly repayments
Flexible terms: 1–10 years
Quick access to funds
Check Your Eligibility
You will remain in the same website.
Advantages and Disadvantages of the NatWest Personal Loan
Pros:
- Flexible loan amounts: Borrow between £1,000 and £50,000 to suit your needs.
- Fixed interest rates: Enjoy predictable monthly repayments throughout your loan term.
- Flexible repayment terms: Choose a repayment period from 1 to 8 years that fits your budget.
- Quick access to funds: If approved, receive the money in your account the same day between 9am-8.30pm, or before 9am the next working day.
- No early repayment charges: Make extra payments or pay off your loan early without additional fees.
Cons:
- Credit check required: A credit check is necessary, which could affect your credit score.
- Not ideal for ongoing credit needs: Personal loans aren’t as flexible as credit cards or overdrafts for managing ongoing credit requirements.
- Potential for higher interest rates: Depending on your credit score and financial situation, you may be offered higher interest rates.
FAQ
A personal loan is a lump sum of money borrowed from a lender that you repay in fixed monthly instalments over an agreed period. The interest rate is usually fixed, meaning your repayments won’t change—so no nasty surprises down the road.
Almost anything, really—home renovations, car purchases, consolidating debts, or even funding a once-in-a-lifetime trip (because why not?). However, lenders might have some restrictions, so you won’t be able to use the money for gambling, investments, or anything too questionable.
Yes, but not necessarily in a bad way. A lender may run a soft check when you apply, which won’t affect your score. However, if you proceed with the full application, a hard check will be recorded on your credit file. If you manage the loan well—meaning no missed payments—it can actually improve your score over time.
This depends on the lender. Some offer same-day transfers once approved, while others may take a day or two. NatWest aims to process and send funds quickly, so if everything checks out, you won’t be left waiting long.
In most cases, yes! Many lenders allow early repayment, and some even let you do it without extra fees. Just check the small print first—you don’t want to save on interest only to get stung by a sneaky early settlement charge.
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