NatWest Loans

www.natwest.com/personal/services/loans/

NatWest loans offer reasonable APRs – from 10.1% - on loans of up to £15,000, and rates are fixed for the duration of the loan. However, other lenders offer much better rates – and if you're not already a customer, NatWest loans will make you apply for a NatWest bank account before you can borrow any cash.

About NatWest Loans

The NatWest loans page is hidden away in a dark corner of the NatWest site, and it's a bit of a pain to find any information: for example, it's only when you start to complete the online application that the site informs you that you need to have a NatWest account to get a NatWest loan (although you can apply for that online too).

With a bit of clicking you'll discover the available APRs, which are reasonable rather than spectacular: the lowest APR from NatWest loans is 10.1% for borrowings of £15,000 or more, while if you borrow £2,000 you'll pay a rather scary 19.7% APR. If you're an Advantage Gold customer the rate drops by around 1%, which means the lowest rate on offer is 9.0% APR on a £15,000 loan. As with other lenders, payment protection is available for an additional fee.

You can borrow from £1,000 to £25,000, but the NatWest loans site is only geared up to handle online applications for loans of up to £15,000. If you want to borrow more, you'll need to phone or visit your nearest branch.

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