If you want to spread the cost of a big expense, a NatWest personal loan is one of the main options you can consider.
You borrow a fixed amount, pay a fixed interest rate, and repay in monthly instalments over an agreed term.
In this guide, you will see how NatWest loans work, how to apply, what the current example rates look like, and how you can improve your chances.
How NatWest Personal Loans Work
A NatWest personal loan is an unsecured loan, so it is not secured against your home or another asset.
You take a lump sum and repay it over a fixed term, usually a few years, with fixed monthly repayments.e.
You can choose how much to borrow and how long to repay using the NatWest loan calculator.
Your personal APR will depend on the amount, the term, and your individual circumstances, including your credit profile and income.
Interest Rates and Representative Examples
NatWest advertises a representative 6.6% APR on certain personal loans, typically for loan amounts between £7,500 and £14,950.
Other amounts are available at different rates, so you should not assume the same APR applies to every loan size.
The calculator shows a representative example for borrowing £7,500, with a fixed interest rate of 3.9% per annum and a 3.9% APR
At the end, giving monthly repayments of around £137.55 and a total repayment of about £8,253.00 over the full term.
Eligibility – Who Can Apply for a NatWest Personal Loan
NatWest generally requires that you are a UK resident, have a regular income and have managed previous credit without serious problems.
If you have held a NatWest current account for at least 3 months, you may be able to borrow up to £50,000.
If you are not an existing current account customer, the typical online maximum is around £35,000.
You should also not have been declared bankrupt in the last six years and generally must not have applied for a NatWest loan in the previous 28 days.
How to Apply for a NatWest Personal Loan
You can apply for a NatWest personal loan online via the NatWest website.
- Go to the personal loans section.
- Use the loan calculator or the Quick Quote tool to see an estimate.
- Start your application and fill in your personal and financial details.
If you are an existing customer, you may see a pre-filled loan offer in the app.
You can check your eligibility and complete the application directly on your phone.
NatWest usually starts with a quote or eligibility check that can show you an estimated APR without affecting your credit score.
If you accept the offer and move to a full application, you will need to provide:
- Your address history.
- Your income details (employment or self-employment).
- Your regular outgoings and existing credit commitments.
NatWest does not allow personal loans to be used for every purpose.
You normally cannot use the loan to buy property or land, pay certain types of tax, fund gambling or speculative investments, or use it as business funding.
Make sure your planned use fits the permitted purposes listed by the bank.
What Happens After You Apply
In many cases, you may receive an instant decision online or in the app. The bank will contact you by text or email to confirm the outcome.
If more information is needed, NatWest may ask you to upload supporting documents.
Once your loan is approved and any checks are completed, the money is normally paid directly into your NatWest current account.
How to Secure the Best Possible Rate
Check your credit report before you apply and fix any errors. This is one of the main tools lenders use to price your loan.
Borrow only what you need and choose the shortest term you can comfortably afford. A lower amount and shorter term usually mean less interest overall.
Reduce other debts where possible. High existing balances or many open credit accounts can lead to higher rates or a decline.
Always use the Quick Quote or calculator first so you can see likely costs and then compare them with other lenders.
NatWest Contact Details for Personal Loans
If you want to speak to NatWest about personal loans, you can use the main lending contact numbers.
Telephone (UK): 03457 888 444. From overseas: +44 3457 888 444
For written correspondence, the registered office is NatWest (National Westminster Bank plc), 250 Bishopsgate, London EC2M 4AA, United Kingdom
You can also use the branch locator on the NatWest website if you want to discuss borrowing in person at a local branch.
Competitors
Here’s a simple comparison of NatWest against some major UK competitors for typical mid-range personal loans.
| Lender | Representative APR* | Loan Amount Range for That APR | Typical Term Range | Key Points / Notes |
|---|---|---|---|---|
| NatWest | 6.6% APR | £7,500 – £14,950 | Around 2 – 5 years (longer possible on some purposes) | Rate depends on your circumstances, loan amount and term. Existing current-account customers may access higher maximum borrowing. |
| Barclays | 6.2% APR | £7,500 – £15,000 | 2 – 5 years | No arrangement fee. You usually need a Barclays current account or Barclaycard to see a personalised quote. |
| HSBC UK | 6.4% APR | £7,500 – £20,000 | Up to 60 months for loans ≤£15,000; up to 96 months for higher amounts | No arrangement fee. Max APR typically up to 22.9%. Must meet HSBC eligibility and credit checks. |
| Lloyds Bank | 6.4% APR | £7,500 – £25,000 | 1 – 7 years | You must be 18+ and a UK resident with a Lloyds current account (usually at least 1 month). |
| TSB | 5.9% APR | £7,500 – £25,000 | 1 – 5 years | One of the lower headline APRs in this band, but still “representative” only. Must be a UK resident and at least 18 (21 if applying online). |
| Tesco Bank | 6.2% APR | £7,500 – £25,000 | 1 – 5 years for that band (up to 10 years on some amounts) | Clubcard holders may sometimes get better rates. Loans available from £3,000 – £35,000 overall. |
| Halifax | 6.4% APR | £7,500 – £25,000 | 1 – 5 years | Similar pricing to Lloyds (same group). Maximum APR can be up to 29.9% depending on profile. |
Conclusion
A NatWest personal loan can help you manage larger costs with fixed monthly repayments and a clear interest rate.
If you check your credit file, other debts, and use the loan calculator first, you give yourself a better chance of securing a competitive APR.
Always compare NatWest’s offer with other lenders and make sure the repayments fit comfortably into your budget before you accept any loan.
Disclaimer: This article is for information purposes only and does not constitute financial advice, credit broking, or a recommendation to take a NatWest personal loan. Loan rates, terms, eligibility criteria, contact details, and product features can change at any time, so you should always confirm the latest information directly with NatWest or a qualified financial adviser before making any borrowing decision.
