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NatWest Loans
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National Westminster Bank, normally referred to as NatWest, is a member of the Royal Bank of Scotland Group. Credited with introducing innovations like telephone banking to the industry in the 1980s, NatWest currently employs around 33,000 people and operates hundreds of branches across the United Kingdom.
Secured loans from NatWest
These loans are only offered to people who have a mortgage. Sometimes homeowner loans are referred to as secured loans because the loan is secured and could be repossessed should payments not be made. This lowers the risk to the lender, which may result in preferential rates of interest; however, it presents a huge risk to the debtor, who may lose their home if repayments have defaulted.
Borrowing amounts
The amount you can borrow may vary, but homeowner loans are normally available from £10k to £500k. Homeowner loan lenders feel more confident giving loans to borrowers who are prepared to offer higher levels of security.
Repayment term of the loan
Due to the huge amount of credit associated with a homeowner loan, repayments can be spread over a period of up to thirty years. This long-term could mean that debtors could take advantage of low interest rates; however, remember that more interest will be paid if you choose to take advantage of a longer borrowing term.
Paying off your secured loan early
Yes, there is the opportunity to pay off a homeowner loan early, but doing so might incur an early settlement charge, which will be added to the balance at the time that a settlement figure is requested.
Homeowner loans from NatWest
These loans are only offered to people who have a mortgage. Sometimes homeowner loans are referred to as secured loans because the loan is secured and could be repossessed should payments not be made. This lowers the risk to the lender, which may result in preferential rates of interest; however, it presents a huge risk to the debtor, who may lose their home if repayments have defaulted.
The amount you can borrow may vary, but homeowner loans are normally available from £10k to £500k. Homeowner loan lenders feel more confident giving loans to borrowers who are prepared to offer higher levels of security.
Due to the huge amount of credit associated with a homeowner loan, repayments can be spread over a period of up to thirty years. This long-term could mean that debtors could take advantage of low interest rates; however, remember that more interest will be paid if you choose to take advantage of a longer borrowing term.
Early balance settlements
Yes, there is the opportunity to pay off a homeowner loan early, but doing so might incur an early settlement charge, which will be added to the balance at the time that a settlement figure is requested.
| Browse all NatWest comparison services | |
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| NatWest Bridging Loans | NatWest Commercial Finance |
| NatWest Development Finance | NatWest Loans |
| NatWest Mortgages | NatWest Auction Finance |
How to apply
While many of the financial products and services provided by NatWest can be applied for online, others require in-person meetings or telephone consultations. In any case, we can help you pinpoint and apply for the perfect product for your needs. Give a member of our customer support team a call today, or send us an email with an outline of your loan requirements.
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