Overlay
Top up your loan

Additional borrowing on your NatWest loan

Representative 3.9% APR

How to top up your personal loan

Topping up your NatWest loan could be a good option if you want to borrow more money.

When you top up a loan, we don’t actually add money to it. We use the new amount you borrow to pay off your existing loan and open a new loan.

You can also open a second loan with NatWest.

Remember, if you decide to borrow over a longer term, this could mean that you'll pay more interest overall. 

Option 1 - Pay off an existing NatWest loan and borrow more money

How does this work?

When you are applying for extra borrowing, you need to apply for the total amount you need to pay off your existing loan, as well as the extra money you want to borrow. 

Things to keep in mind

  • When you take out a new loan, we'll use the money to pay off your existing loan for you.
  • You’ll pay an early repayment charge and your existing loan will be closed down.
  • Your extra borrowing will be paid to you at a new interest rate.
  • You can only pay off a loan that has more than one repayment left.

Option 2 - Keep your existing loan and apply for a new loan

How does this work?

You only have to apply for a new loan to cover the additional funds you need. Your old loan will continue to be repaid at its current interest rate.

Things to keep in mind

  • Your existing loan will remain as is.
  • Your new loan will be paid to you at the agreed interest rate. 

Top up loan borrowing summary

This is the length of time over which your loan agreement is in place. Our minimum and maximum terms for certain loan amounts are shown below.

Top up loan calculator

Home improvement loans are available over an extended term, up to 10 years.

How much would you like to borrow?

How long would you like to repay?

20 Months

Representative Example

Borrowing

£7,500

Over

0 months

Monthly repayment

£137.55

Total repayment

£8,253.00

Representative

3.9

% APR

(Annual Percentage Rate)
Interest rate

3.9

% p.a.

(Fixed)

The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator.

The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator.

Take a break, with a loan repayment holiday

When you apply for a loan, based on your circumstances, we might give you the option to defer your first repayment. 

  • It's only available at the start of your loan term
  • You can defer your first loan repayment for a three month period
  • If this option is available, we'll show the details of your repayment holiday at the quote stage of your application

How to apply for a top up loan online

How to apply

Start an application to get a quote for a loan

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.

Complete your application in 10 minutes

It takes around 10 minutes to apply for a loan online. We'll ask you to log in to your Online Banking so that we can pre-fill parts of your application to make things easier.

Get your money on the same day

If you use Online Banking, apply and are unconditionally accepted before 5.45pm Monday to Friday you can get your loan on the same day after 6pm. Sometimes we need to contact you for more information, so it can take a little longer.

Mobile App features

Manage your loan in the mobile app

View your credit score for free

Let's get ready to apply

Before you apply, we need to check you're happy with a few things.

First, you can apply online if you:

  • are 18+ and a UK resident with a NatWest current account (held for 3+ months).
  • have not been declared bankrupt in the last 6 years
  • have not applied for a personal loan with us within the last 28 days

Now please read a few other important things:

Ready to apply?

Do you have NatWest online banking?
If you know your online banking details we can pre-fill some of your info - making the application process faster.
Are you applying on your own?

Great, let's get started!

Just a heads up - you'll need your Online Banking login details at the next step.

Great, let's get started!

Just a heads up - you'll need your Online Banking login details at the next step.

Let’s get you signed up for Online Banking

You’ll need to sign up for online banking with us in order to apply for a loan. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your NatWest Debit Card, if you have one.

 

Once you’ve registered, select ‘next’ to log in and apply for a loan.

Are you applying on your own?

Fantastic, you're all set!

Just a heads up – you’ll need your online banking log in details at the next step.

Fantastic, you're all set!

Just a heads up – you’ll need your online banking log in details at the next step.

Something else we can help you with?