How much do you want to borrow?
£1,000 £15,000Over how many months?
12 months 84 monthsMonthly Repayment
Total Interest paid
Arrangement Fee
Total amount paid
11.9% - 18%
18%
£1,000 - £15,000
Minimum Term 1 year
Loans £1,000 - £9,950 - 5 years
Loans £10,000 - £15,000 - 7 years
Direct Debit
Online banking - Next working day
No online banking - 2 working days after NatWest receive your documents
No Fee
4 or 12 month repayment holiday at the start of the loan
Transferred into your bank account
No
185th for APR of 423 loans in the UK (See Lender League Table By APR)
46th for Customer Satisfaction (See Customer Reviews)
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.
|
Default Fees |
Default Fee - £30.00 |
|
Early Settlement Fees |
58 days interest |
|
Late Payment Fees |
Missed Payment - £6.00 |
Average Customer Review:
(1 customer review)
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No better or worse than the others???
Sukeysukey, Hull
1 year 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,...
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NatWest Headquarters, 135 Bishopsgate, London, EC2M 3UR
0845 301 2789
