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Debt consolidation loans

Take control of your finances with a debt consolidation loan

Representative 3.4% APR

How to consolidate debt with a personal loan

A debt consolidation loan could be used to pay off existing credit cards, store cards and other personal loans. 

You could consolidate all your debt into the one personal loan and only have one payment to make each month. 

Taking on any new debt is a big decision; extending the term of your debt can incur more interest and cost more in the long run and sometimes an early repayment charge may apply. 

Tips to manage your debt

Write it down

Make a note of all your current debt. Understand any outstanding balances, interest rates and any early repayment charges.

Read our guide

Think through all your options. Could your savings pay off some of your debt? Take a look at our guide.

Change your payment plan

If you are struggling with your monthly payments, you may be able to arrange a new payment plan or a 'repayment holiday'.

Calculate your loan repayments

Find out how much you'll need to pay back and how quickly you could pay off your debt with our debt calculator.

Debt consolidation 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 happens next?

Find out if you'll be approved

Take a look at our Quick Quote tool to find out how likely you are to be accepted for a loan or go straight to 'Ready to apply'.

Start your application

In most cases you'll find out if you've been accepted in minutes.

Get a decision

If you use Online Banking, apply and are unconditionally accepted before 5.55pm Mon-Thur, the funds will be paid into your account the next working day.

Check if you're likely to be approved

Good news, there's no impact on your credit rating.

We'll show you how much you may be able to borrow, your personalised interest rate and monthly payments. 

Useful info

Is a personal loan for me?

Depending on what you need money for, a credit card or overdraft might be a better option. Our Borrowing Options tool will help you figure out what type of lending 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.