If you've found yourself in need of some cash for a big purchase, the Natwest Personal Loan Might be able to help. Things are getting tough with each passing day that at times you need that helping hand from your local lender. But there’s a catch to this, you have to pick carefully or fall into the trap of unscrupulous dealers.
With a bank like NatWest, you know that you aren’t dealing with an institution that is looking to make a quick penny off of you. You have a genuinely listening and caring financial partner. That’s why you can get pretty competitive rates and ample repayment terms when you take a personal loan with NatWest Bank.
We've decided to examine the Natwest personal loan further. You can find out more about the offering from personal loans, borrowing terms, and how you can apply for loans with NatWest up next. You also figure out if you can apply for a loan online with the bank and how you can do it.
Advantages & Features of a NatWest Personal Loan
Easy Application
One thing that you have got to appreciate about NatWest is the easy application process. You can apply for a personal loan from the comfort of your home as long as you meet the set requirements by the bank.
Fast Approval
You can get a decision on your loan in just a few hours when you apply for the loan online. The other methods, however, may take a bit longer because it will have to be done manually.
Quick Disbursement of Funds
The other thing that you want to be assured of with your lender is fast disbursement. With NatWest, that’s exactly what you get as you can receive the money in your account in just one day after it has been approved.
APR
Interest rate is one of the reasons people are afraid of taking out loans. With NatWest, however, you don’t have to be worried about that as you have an APR from as low as 3.4%.
Loan Limit
Depending on your credit standing, you can apply for a loan with this specific institution for as low as £1000. For some other specific purposes, you can get a loan up to £50,000.
Easy Payment Terms
When it comes to payment terms you have a number of options that you can choose from and you have up to 8 years to pay your loan. The following shows you a breakdown.
£ 1,000 - £ 7,450 - you can pay from 2 years to 5 years.
£ 7.500 - £ 50,000 - the term is from 2 years to 8 years.
Eligibility & How to Apply
To apply for a loan with NatWest you have to be 18 years old and must be a UK citizen or resident. You should be NatWest's current account holder and have held the account for more than 3 months. You then have to be an earner, either self-employed or fully employed.
The other criteria that you have to meet before you are approved for a loan with this bank are that you have to not have declared bankruptcy in the last 6 years.
To apply for a personal loan, you can go either of two ways. You can physically go to a branch of the bank and apply for the loan or two, you can apply for a loan online. The online application is by far the easiest route that you can use to apply for a loan with NatWest.
Just visit the NatWest official site and click on the personal menu, you can then click on the personal loan button on the next page. A page will prompt after and you will click the ‘ready to apply’ button. Alternatively, you can click on this link to go straight to the easy to fill a form that you can fill out in just 10 minutes.
Bank’s Contact Info & Address
To get in touch with a representative from the bank, you can call the bank through 03457 888 444. The banks’ headquarters is at 135 Bishopsgate London, EC2M 3UR
Conclusion
You have a few options on how to apply for a NatWest loan. They are all easy to implement but applying online from home is likely the simplest mode for most. So if you've found yourself in a bit of a financial fix, you might find relief in a personal loan, just make sure you know all your options before you decide on a lender.
Note: There are risks involved when applying for a loan. Consult the bank's terms and conditions for more information.
