How much do you want to borrow?
£1,000 £14,950Over how many months?
12 months 60 monthsMonthly Repayment
Total Interest paid
Arrangement Fee
Total amount paid
6.9% - 29.5%
6.9%
£1,000 - £14,950
Minimum 1 year
Loans £1,000 - £14,950 up to 5 years
Home improvement loans over £2,500 - 10 years
Direct Debit
Online Banking - next working day
No Online Banking - 3-4 working days
No Fee
None Available
Transferred into your bank account
No
11th for APR of 423 loans in the UK (See Lender League Table By APR)
90th for Customer Satisfaction (See Customer Reviews)
NatWest offer unsecured personal loans between £1,000, and £14,950. Just like their larger loans the representative APR can higher than that of other similar lenders. Also, they do not offer flexibility on repayments or any payment holidays.
Please be aware, to be eligible for the rate of 6.9% you must be a NatWest customer with an Advantage Gold or Black Account
If you are already an online banking customer, and you apply Monday-Thursday between 6:30am and 5:55pm you will get your money 9:00am the next day. You can apply online, on the phone or through your local branch . Once all the documentation is complete and you have been accepted, NatWest aim to get the money in your account within 2 working days. Your first repayment is due within 6 weeks of receipt of funds.
If you are not an online banking customer, you can apply over the phone or in the branch. You will be given a provisional decision after you have completed the application. When they send the loan agreement out to your home, they may request you to produce other documentation which can either be presented in a branch or you can fax it to them. Once they receive this and review your completed application, they will let you know their final decision. The money will then be in your account after about 3 working days.
Most of NatWest's previous customers seem to find that the APR they are given is quite high and have found problems when looking to settle the loan early. Early settlement figures do apply to this loan so beware if you do take this agreement out if you are planning to pay it off earlier than is lined out in the original agreement. Customer service reviews also seem to not be the best, stating that they are rude and are not well-informed.
|
Default Fees |
Default charge - £30.00 |
|
Early Settlement Fees |
58 days interest |
|
Late Payment Fees |
Missed payment - £6.00 |
Average Customer Review:
(5 customer reviews)
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i have a terrible credit history
Peter, Londonderry
1 year ago
I originally applied for the loan with Natwest just out of curiosity as I have such terrible credit history and lo and behold I was accepted! I didnt really take it seriously as I didnt think with I'd ever get a loan and when I got sent the forms and took them into the branch with some ID they asked me if I'd like the money put into my account now!...
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Pay Day Loan Companies V Banks
Michael, Isle of man
4 months ago
I think it is incredible that banks will not give out small loans up to £1000 at levels of about 19% to those that are unemployed or elderly or those on low incomes who have so called bad credit ratings as a result of this lower income - yet it is ok for those individuals to seek loans from Payday Loan Companies charging thousands of percent APR...
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Disgraceful
Boo, Sussex
6 months ago
Utter disgrace of a bank. I have banked with them for over 20 years. They are eager eager eager to give out expensive credit.
They would recommend a cheaper rate overdraft of 8% or so, get changed to a high rate credit card. They will try and sell you a credit card; even when you say no use pushy sales.
Then when you genuinely approach them; will accept you for a loan then with out telling you refuse at payment stage. Im leaving them after so many years of custom. Im appalled by how theyve treated me- the loan the quoted me came out more expensive when we went through the application. It came out about £30 per month more expensive. be wise and leave this hole of a bank
Sky High Interest and Charges
Benny, Essex
1 year ago
When I started my small business some 13 years ago, I took a current account and a small loan with the Nat West to cover some equipment costs. Over the ten years my business was up and running, this bank, which advertises itself as some sort of 'saviour' to the small business, took me for a small fortune.
The charges were reassessed and increased enormously with each passing year, and within 4 years my friendly local branch dealings had been transferred to a faceless call centre where no-one was interested in me and my business any more - just the balance and overdraft limit of my account.
The only way i could stop my charges running totally out of control at times of poor cashflow was to literally telephone the call centre every morning to check there weren't any problem transactions.
The initial friendly face of the local branch staff have been replaced by something resembling Big Brother.
I don't care if they make more money that way. They lose a lot of friends as well.
After the demise of my business (due in part to the escalated bank charges) I have vowed never to bank with them again.
Thinking of starting a small business - I recommend it to anyone - I learned more in those 10 years than any other time in my life.
Thinking of banking with Nat West? Forget it, I say.
massive penalties
Lubomir, Darlington
1 year ago
The good points are that it is fast and easy money but there are massive penalties and early
redemption charges- example £20,000 pound loan over 3 yrs - if redeemed at 10 months - end up
paying almost £10,000
NatWest Headquarters, 135 Bishopsgate, London, EC2M 3UR
0800 200 400
Common Questions
http://www.natwest.com/personal/loans/g1/pe...
NatWest Loans Debt Help
http://natwest.debt-line.org.uk/
