NatWest Headquarters, 135 Bishopsgate, London, EC2M 3UR
0845 301 2789
Acceptance Criteria
You need:- You must have graduated within the last 3 years
- You must be in full-time employment or have accepted a job offer (self-employed applications will be considered at their discretion)
- You must have a NatWest bank account with direct debit facilities
- If you do not have a NatWest account, you can open one up and apply for the loan at the same time
- You need to provide: one form of ID (current signed passport, and/or full driving license), original gas electricity or phone bill OR original bank statement and proof of graduation
- You must be 18 years of age or older to apply
Customer Reviews - The truth about NatWest Graduate Loan
Average Customer Review: (2 customer reviews) Add your own review
Average Customer Review:
(2 customer reviews)
Add your own review
The most favourable review
No better or worse than the others???
Sukeysukey, Hull
2 years ago
I applied for a graduate loan which they boast are easy and quick to arrange and they would lend me up to £10,000.00. I didn't want that much. I just needed some to buy a car and the interest rate was lower than the finance rate offered by the garage. The quick and simple wasn't quite so. I accepted that they would want wage slips and provided them, but this wasn't enough. They ummed and ahhed over it for days unable to give me an answer, tried to force me into signing up for loan insurance, which believe me wasn't worth the paper it was written on and was outrageously priced, said that they could not see any justification for lending me the amount of money I wanted based on my salary (bearing in mind in mind that my account had been in credit, never bounced any payments etc). Eventually they relented when I announced that I would be closing my account and moving elsewhere - this took over a week to sort out - oh and the interest rate was around 2% higher than elsewhere ... I wanted the loan with them because I figured it would be easier as I banked with them - how wrong could I have been?
No better or worse than the others???
Sukeysukey, Hull
2 years ago
I applied for a graduate loan which they boast are easy and quick to arrange and they would lend me up to £10,000.00. I didn't want that much. I just needed some to buy a car and the interest rate was lower than the finance rate offered by the garage. The quick and simple wasn't quite so. I accepted that they would want wage slips and provided them, but this wasn't enough. They ummed and ahhed over it for days unable to give me an answer, tried to force me into signing up for loan insurance, which believe me wasn't worth the paper it was written on and was outrageously priced, said that they could not see any justification for lending me the amount of money I wanted based on my salary (bearing in mind in mind that my account had been in credit, never bounced any payments etc). Eventually they relented when I announced that I would be closing my account and moving elsewhere - this took over a week to sort out - oh and the interest rate was around 2% higher than elsewhere ... I wanted the loan with them because I figured it would be easier as I banked with them - how wrong could I have been?
Reply to this reviewHelp other borrowers - reply to this review
No better or worse than the others???
Sukeysukey, Hull
2 years ago
I applied for a graduate loan which they boast are easy and quick to arrange and they would lend me up to £10,000.00. I didn't want that much. I just needed some to buy a car and the interest rate was lower than the finance rate offered by the garage. The quick and simple wasn't quite so. I accepted that they would want wage slips and provided them, but this wasn't enough. They ummed and ahhed over it for days unable to give me an answer, tried to force me into signing up for loan insurance, which believe me wasn't worth the paper it was written on and was outrageously priced, said that they could not see any justification for lending me the amount of money I wanted based on my salary (bearing in mind in mind that my account had been in credit, never bounced any payments etc). Eventually they relented when I announced that I would be closing my account and moving elsewhere - this took over a week to sort out - oh and the interest rate was around 2% higher than elsewhere ... I wanted the loan with them because I figured it would be easier as I banked with them - how wrong could I have been?
Reply to this reviewHelp other borrowers - reply to this review
Leave a review
Loan Details
| Representative APR | 18% |
| Loan Amount | £1,000 - £15,000 |
| Repayment Period |
Minimum Term 1 year Loans £1,000 - £9,950 - 5 years Loans £10,000 - £15,000 - 7 years |
| Repayment Method | Direct Debit |
| Speed To Payout |
Online banking - Next working day No online banking - 2 working days after NatWest receive your documents |
| Arrangement Fee | No Fee |
| Payment Holidays | 4 or 12 month repayment holiday at the start of the loan |
| Payout Method | Transferred into your bank account |
About NatWest Graduate Loan
NatWest offer Graduate loans between £1,000 and £15,000 for up to 5 or 7 years. The loan has a fixed rate so your repayments will not change. They offer a 4 or 12 month repayment holiday at the start of the loan so if you choose, you won't have to make any payments at the beginning - bear in mind that interest still applies. There are no arrangement fees or administration charges. You must be a current NatWest account holder to apply, you must have graduated within the last 3 years and must be in full-time employment or have accepted a job offer (self-employed applications will be considered at their discretion).
You can apply online, which takes about 15 minutes to complete. If you apply online, they will give you an instant decision. You may need to provide proof of graduation and other forms of documentation (see list below) If you are accepted, they will display a credit agreement which you will need to electronically sign. The money will then be transferred into your account within 24 hours. If you are not signed up for online banking you will need to apply over the phone. They will give you a decision on the phone and NatWest will send the loan documents out to you so you can sign them. Once you send them back, along with any other documentation, the money will be in your account within two days of them confirming your loan.
