Loan Overview
Loan Amount: £1,000 – £50,000
Loan Term: 1 to 10 years
Interest Rate: Representative APR from 6.6% (your rate may vary based on creditworthiness)
Loan Type: Unsecured (no collateral required)
Application Methods: Online, mobile app, phone, or in-branch
Approval Time: Instant provisional decision for existing customers; funds can be received within minutes if the agreement is signed online between 5am and 5:45pm on weekdays (natwest.com)
1. ✅ Eligibility Criteria
To apply for a NatWest Personal Loan, you must:
Be 18 years or older
Be a UK resident
Have a current account with NatWest for at least 3 months (if not, you can borrow up to £35,000)
Not have been declared bankrupt in the last 6 years
Not have applied for a loan with NatWest in the last 28 days (natwest.com)
2. 📄 Required Documents
When applying, you’ll typically need to provide:
Proof of Identity: Passport or UK driving licence
Proof of Address: Recent utility bill, bank statement, or council tax bill
Proof of Income: Recent payslips, bank statements, or tax returns
Employment Details: Employer’s name, address, and contact information
Financial Information: Details of existing debts or financial commitments
Note: NatWest may verify some of this information electronically if you’re an existing customer.
3. 📝 Application Process
Step 1: Check Your Eligibility
Use the NatWest eligibility checker to see if you’re likely to be approved. This won’t affect your credit score.
Step 2: Apply
You can apply through:
Online Banking or NatWest App: Fastest method for existing customers
In-Branch: Visit a local branch for assistance
Phone: Call NatWest at 03457 888 444 for support (natwest.com)
Step 3: Review and Sign Agreement
If approved, you’ll receive a loan agreement to sign.
Sign online between 5am and 5:45pm to receive funds within minutes; after 5:45pm, funds will be available by 9am the next day.
Step 4: Receive Funds
Funds are typically transferred to your NatWest account immediately upon signing the agreement.
4. 💰 Fees and Repayment Options
No Arrangement Fee: NatWest does not charge a fee for setting up the loan.
Early Repayment: You can repay your loan early, but you will need to pay an early settlement fee. The fee is calculated as 58 days’ interest (28 days if the loan term is 12 months or less) (natwest.com).
Overpayments: Make extra payments at any time to reduce the loan balance.
Repayment Methods: Set up a Direct Debit for automatic monthly payments.
Note: Always check the latest terms and conditions on the NatWest website or contact them directly for the most current information.
✅ Summary
| Feature | Details |
|---|---|
| Loan Amount | £1,000 – £50,000 |
| Loan Term | 1 – 10 years |
| Representative APR | From 6.6% |
| Application Methods | Online, In-Branch, Phone |
| Eligibility | UK resident, 18+, NatWest account holder |
| Required Documents | ID, Proof of Address, Proof of Income |
| Approval Time | Instant decision for existing customers |
| Funds Availability | Within minutes upon signing agreement |
Here are 5 FAQs for the NatWest UK Personal Loan:
❓1. What is the minimum and maximum loan amount I can borrow from NatWest?
Answer:
You can borrow between £1,000 and £50,000 depending on your credit profile and eligibility.
❓2. Do I need to be a NatWest customer to apply?
Answer:
Yes, you must have a NatWest current account for at least 3 months to borrow over £35,000. Non-customers can still apply for loans up to £35,000.
❓3. How fast can I get the loan amount?
Answer:
If you’re approved and sign your agreement online between 5am and 5:45pm, funds are usually available within minutes. Otherwise, by 9am the next day.
❓4. Are there any fees or penalties for early repayment?
Answer:
Yes, NatWest charges an early settlement interest fee—usually up to 58 days’ interest (28 days for shorter loans).
❓5. What documents do I need to apply?
Answer:
You’ll need proof of identity, address, and income—like a passport, utility bill, and recent payslips or bank statements.
Description:
Looking to borrow money in the UK? Learn how to apply for a NatWest Personal Loan in. This guide covers eligibility criteria, required documents, interest rates, and the complete application process. Discover how fast you can get approved and receive funds for your personal needs with NatWest.