You may borrow from £1,000 - £25,000 over a maximum of seven years through a NatWest Loan. You may borrow up to £25,000 over the full maximum duration; for loan amounts up to £14,950, the maximum is five years. The minimum borrowing term is 12 months and the minimum borrowing amount is £2,000 if you don't currently bank with NatWest.

You may borrow for almost any purpose, including debt consolidation, but NatWest will want some idea of what you intend to do with the money.

NatWest customers must be over the age of 18 to apply for a loan while non-customers of NatWest may apply for a NatWest loan but must be over the age of 22. In either case, you must have a current account that allows you to arrange direct debit payments. NatWest will not lend to people with County Court Judgements (CCJs).

Existing NatWest customers will find their loan application handled more speedily. This is not really preferential treatment as such. It's just that the bank already knows some things about them that it would need to spend time finding out about the rest of us.

NatWest operates four interest rate bands for its personal loans, with premium rates on the smaller loan amounts but it does not operate a risk-based interest rate policy. Provided your loan application is accepted, the quoted APR is the rate you will pay.

Although the NatWest loan does not offer you the option of taking any payment holidays, you may make lump sum repayments without penalty.

National Westminster Bank was established in 1970 by the merger of the National Provincial Bank, which already owned the District Bank, and the Westminster Bank. The name was later shortened to NatWest. In 2000, the bank was taken over by and now forms part of the Royal Bank of Scotland.