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Top up your loan

Additional borrowing on your NatWest loan

Representative 3.4% APR

How to refinance a personal loan or borrow more

If you apply for a new loan, we'll ask if you want to keep or close your old loan during the application process.

Option 1 - Replace your existing loan amount with a new loan for a larger amount

How does this work?

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

If you're accepted, your old loan will be repaid and closed and the remaining balance will be placed in your account. You'll pay the total amount back at a new interest rate as your previous loan is paid off.

Things to keep in mind

When repaying your existing loan early, you'll pay 58 days interest (28 days if loan term 12 months or less). If the remaining term of the existing loan is less than 58 days (or 28 days) you will pay interest on the remaining number of days to close the loan early. Please remember, if you decide to borrow over a longer term, this may mean that you'll pay more interest overall. 

If you need to find out your outstanding loan balance, current interest rate or your Early Repayment Charge, call us or visit your local branch.

If you cancel your new loan in the 14 day cancellation period we are under no obligation to reinstate your old loan. However we could offer a new loan for the amount of the old loan at the current rates available. 

Option 2 - Open a new loan and run two side-by-side

How does this work?

You only have to apply for a loan to cover the additional funds you require. 

Your old loan will continue to be repaid at its current interest rate. So if its already a low rate of interest you might want to leave it open.

What to remember

Closing a loan early incurs early resettlement interest, you'll avoid this if you leave the loans open. 

Top up loan borrowing summary

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

Top up loan calculator

Is the loan for home improvements?

How much would you like to borrow?

Home improvement loans of £7,500 or more are available over an extended term of up to 10 years.
Borrowing amounts of £7,500 or more are available over an extended term of up to 8 years.

How long would you like to repay?

Representative Example

Borrowing

£7,500

Over

1 year and & 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)

What APR means

Steps to borrowing more

Start your application

Use our mobile app or apply for a top up loan online. In most cases you'll know in a matter of minutes if you've been accepted.

Get your personalised rate

We'll offer you a personalised rate based on the amount you want to borrow and your personal circumstances.

Money in your account

If accepted, we'll either open a new loan for you, or repay and close your old loan. Your remaining balance and new funds will then be available for you.

Find out if you're likely to be approved

Don't worry, this won't impact your credit rating.

Quick Quote tells you how likely you are to be approved for a loan, how much you may be able to borrow, gives you your personalised interest and monthly repayments. 

Need a bit more help?

Visit our struggling financially page

We understand these are uncertain times and many of you may be worried. If you need a bit more help with your finances, you can visit our struggling financially page to explore the different ways we can support you. 

Useful info

Don't guess, let us help

Use our Borrowing Options tool to see what type of borrowing will suit you best.

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 either a NatWest current account (held for 3+ months), credit card or mortgage (held for 6+ 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 and giving you more time to put your feet up.
Do you have a NatWest current account?
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, log in to get started!

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

Fantastic, let's get started!

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.

Do you have a NatWest current account?
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.

Fantastic, you're all set!

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