If you have a NatWest current account, in most cases we’ll confirm the loan amount and your rate at the start of your application with no impact on your credit score. Nice and handy.
Borrowing £7,500.00 over 5 years at Representative 3.4% APR and Interest rate 3.40% p.a. (Fixed) will cost £135.92 per month, with a total amount payable of £8,155.20.
Other amounts are available at alternative rates. Our rates depend on your circumstances & loan amount & may differ from the Representative APR.
Read this about early repayment charges
If you want to repay your existing loan early, you'll pay up to 58 days interest to close the old loan early (or the remaining number of days interest if there are less than 58 days left in the loan term). This is in addition to your outstanding loan amount and any outstanding interest.
For example, if you borrowed £20,000 over 5 years at 3.9% APR and repaid your loan halfway through the term, the early repayment charge would be £61.77.
There're a few things a loan can't be used for:
- Property purchase
- Deposit for property purchase
- Buying or putting down a deposit on a static caravan
- Purchase of land
- Any business purpose
- Any payment in arrears
- Any tax avoidance arrangements
- Court or solicitors fees
- Household bills/rent/mortgage payment
- Purchase of shares/investment funds
- Car tax
You can apply for a personal loan if: