Compare NatWest loans
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Looking to borrow between £1,000 and £25,000 and have a good credit history? If yes see our latest deal from NatWest (You need to be an existing customer to get this loan).
||£1,000 to £25,000
3.90% APR Representative (£7,500 - £25,000)
|1 to 5 years
Representative 3.90% APR. Based on a loan amount of £7,500 over 60 months at an interest rate of 3.90% p.a. (fixed). Monthly repayment of £137.55. Total amount repayable £8,253.
NatWest is part of the Royal Bank of Scotland Group and offers loans for a number of different purposes, including car finance, home improvement, debt consolidation and weddings. These are all types of personal loans.
There are various options for borrowing both in the short and long term. If you think a personal loan could be a good fit for your needs and financial circumstances, it’s a good idea to make sure you are familiar with exactly what the benefits and restrictions of this kind of borrowing are.
NatWest personal loans
NatWest personal loans are a form of unsecured borrowing. This means the credit you receive is not tied to an asset, such as property. Personal loans generally offer smaller amounts of money over shorter periods than secured borrowing, such as a mortgage or secured loan.
Advantages of NatWest personal loans
- Borrow from £1,000 to £25,000
- Repay over 1-7 years
- For Home Improvement loans over £2,500 you can repay over up to 10 years
- Make fixed monthly payments for the lifetime of the loan
- Get a “Quick Quote” to see how much you are likely to be able to borrow without affecting your credit rating
Restrictions on NatWest personal loans
- You must be over 18
- Amounts of £1,000 - £14,950 can only be taken out over 1-5 years
- You could damage your credit rating and ability to borrow in future if you do not keep up with repayments
- If you fall seriously behind with repayments a county court can appoint a bailiff to recover the debt by seizing your possession
Borrow more with a secured loan
If you need to borrow more than £25,000 or would like to take out a loan over a longer period, secured borrowing may be a more suitable alternative. This means that the credit you are given is secured against an asset you own (usually property) and if you fail to keep up with repayments, the asset must be sold to cover the outstanding balance.
You can generally borrow much more with a secured loan and repayment periods may be up to around 25 years. It is often possibly to get a better rate of interest with a secured loan compared to unsecured borrowing.
To find the best deals on secured loans, head over to our secured loan calculator.
Need to borrow more than £25k?
Getting the best deal on a loan can be tricky, especially if you are looking to borrow a more substantial amount. There are so many different lenders and types of loan on the market, each offering different rates, that knowing which offers the best value to you is a challenge.
If you are looking to borrow more than £25,000 for property improvements, our team of specialist loan advisors can help. Simply give Fair Mortgages a call on 0117 403 4474 or use our contact form to get in touch.