Monthly Repayment Loans - NatWest

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Understanding Monthly Payment Loans

Key information to know about NatWest monthly repayment loans

Borrow between £7,500 and £19,950 at our rate of 

Representative 3.4% APR  


Other amounts available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR. To apply, you 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.

Monthly Repayment Loans

Whether you’re planning a big holiday, looking to buy a car or making some major home improvements, a NatWest loan could help you spread the costs monthly and make it possible. 


Representative Example:
Borrowing £7,500.00 over 5 years at Representative 3.4% APR and Interest rate 3.40% p.a. (Fixed) will cost £135.92 per month, with a total amount payable of £8,155.20.

How much will I pay back?

The amount you pay back each month for your NatWest loan will depend on how much you borrow, for what period of time and your personal circumstances. The maximum term varies*, from 60 months (5 years) for loans between £1,000 and £7,499 and 96 months (8 years) for loans between £7,500 and £50,000.

*Note that home improvement loans over £7,500 are available over an extended term of up to 10 years though evidence may need to be provided.

Paying your loan back over a shorter period of time will increase the amount you pay monthly, however the amount you pay overall will be reduced. 

For example:
Borrowing £7,500 over 5 years will cost £135.92* per month. In total, given the interest earned over the period of the loan, the total amount payable would be £8,155.20.

Borrow the same amount, £7,500 over 3 years and you’ll need to pay back a higher monthly amount of £219.27*. However, the total amount payable over the 3 year period would be reduced to £7,893.72.

*Representative 3.4% APR
Interest rate 3.40% p.a. (fixed)

You can use our Loans Calculator to work out which loan is right for you and to get your own estimate of how much you’ll need to pay back each month. The loan calculator should only be used as a guide as the rates you pay may vary from the representative rate.

The Representative APR is the interest rate which applies to over half of loans issued for a particular size of loan. The actual rate you pay may vary from the representative APR provided depending on a number of factors including your own personal circumstances, the amount of the loan you’re borrowing and the length of the repayment term.

To help you work out how much you can afford to pay each month, try using our Budgeting Tool or to work out how much you’ll need to pay back each month given all your repayments, try the Debt Calculator


What happens if I miss my monthly loan repayment?

In the event that you miss a NatWest loan payment or are late to make a payment you may be charged. This could negatively affect your credit score and as a result may affect your chances of gaining credit in the future.

If you feel that at any time, the monthly loan repayment amount becomes unaffordable, you may consider extending the length of loan term. In doing so, you’ll be able to take advantage of lower monthly repayments however you may need to pay more in the long-run due to the fact you’ll be paying interest over a longer period of time. 


Can I repay my loan early?

By law, you have the right to pay off your loan at any time either in part or in full. However, if you choose to repay your loan early you need to be aware of any fees that you may be charged for doing so.  As well as any interest that you already owe, you may be charged up to 58 days’ interest on the amount repaid early.

If you choose to make any additional payments, you must ensure that you continue to pay your monthly repayments as well. 

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