How to apply for a loan

Before you start your loan application

Know you need to borrow but not sure if you're likely to be accepted, how much you need or what the best option is for you? Look no further.

Step 1 - Get to know your credit score

Before you get started with applying for a loan, it's good to know what your credit score looks like. 

A credit score is specific to you, with a higher score generally meaning you're more likely to be accepted, compared to low scores which could mean you're less likely to be accepted.

You can find out your score once you're opted in through our mobile app, which makes keeping an eye on your score really easy. 

Not sure what 'good' looks like? No need to worry - we've got some info that could help in our credit scoring guide, along with advice on how to improve your score.

Step 2 - Decide how much you need to borrow

There's a bunch of different reasons why you might be looking to borrow money, so it's important to consider exactly how much you need before you get started.

A wedding is likely to cost a different amount from a shiny new extension on your house, so make sure you do your research before you get going.

Step 3 - Use our calculator to figure out your budget

Before you apply, it's important to know how much you're able to pay back towards your loan each month. 

Use our loan calculator to find out what your monthly repayments are likely to be, as well as the Representative APR.

Step 4 - Get your personalised quote

Once you've worked out the amount you want to borrow and how long you'll need to pay this off, you can get a quote that's completely personalised for you. 

The good news is that if you have a NatWest current account and you're looking for a loan in your name only, 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.

Completing your application

Happy with steps 1 to 4 and ready to start your application? We've got you covered. Here we'll walk you through what you need to apply and how applying works.

Step 5 - Apply for your loan

Ready to get started? Follow our video or the guide below to go through the apply journey.

You'll also need...

  • To be 18+ and a UK resident with either a NatWest current account (held for 3+ months), credit card or mortgage (held for 6+ months).
  • Your Online banking details. We ask you to log in so we can pre-fill the info we already know about you - meaning you can finish your application in around 10 minutes.
  • Our guide to APR - ready to help you understand your quote.

Once you're accepted

Congrats! We're excited to have you with us. There are still a few questions you might have at this point, so check out the most common questions below to learn more about what happens next.

Questions you might have: