Take on life together with a joint personal loan
Representative 3.4% APR
Taking out a joint loan
Joint personal loans mean you and a loved one, family member or friend can borrow money together. If approved, you can use the money for a special event, big project or a shared passion and chip away at the loan as a team.
You could use a joint loan to:
Taking out a loan with a partner could help in paying off your shared debts. You can pay off your credit cards and other personal loans by making one payment each month.
Find out more about our debt consolidation loans.
To apply, the main applicant for the joint account must be 18+ and a UK resident with either a NatWest current account (held for 3+ months), credit card or mortgage (held for 6+ months). Credit card and mortgage customers must apply online or by phone.
The other applicant on the joint loan application must be 18+ and a UK resident, but does not have to be an existing NatWest customer.
Things to keep in mind about joint loans
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. If your partner defaults on a payment or the entire loan, you will still be responsible for the full amount.
If you're approved for a joint loan, your credit files will be linked and lender may take both scores into account before approving you for future borrowing
Can I pay off my loan early?
You can repay your loan early. It's important to remember that you will pay an early repayment fee of 58 days interest (or the remaining number of days interest if there are less than 58 days left in the loan term) to close your loan early. Find out more about early repayment charges.
Joint loan calculator
1 year and & 0 months
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