Debt consolidation loan
Representative 6.6% APR
This rate is available on loans between £7,500 and £14,950. Other loan amounts are available at other rates. The rate you pay depends on your circ*mstances and how much you borrow, so it may be different from the Representative APR.
Take me to . . .
What is a debt consolidation loan? Open in new window
Why get a debt consolidation loan? Open in new window
Try our debt consolidation loan calculator Open in new window
How long could you borrow for? Open in new window
Benefits of our loans Open in new window
Get a free quote Open in new window
Apply for a debt consolidation loan Open in new window
To apply, you must be 18+ and a UK resident with a NatWest current account (held for 3+ months).
What is a debt consolidation loan?
Got debts in different places? With a debt consolidation loan, you could roll them into just one monthly payment.
Why get a debt consolidation loan?
Easier
Take control of your money now with just one monthly payment for your debts.
Fixed payment
Relax, your payments are fixed. So, you pay the same amount each month.
Roll your debt together
Use your debt consolidation loan to pay off other loans, credit cards, and overdraft debt.
Taking on new debt is a big decision…your debt consolidation loan may not be enough to cover all your debts. If so, you'll still have debt in more than one place. You may have to pay an early repayment charge. Plus, if you borrow money for longer, you could pay more interest, costing you more overall.
Debt consolidation loan calculator
Representative Example
Borrowing
£7,500
Over
0 months
Monthly repayment
£137.55
Total repayment
£8,253.00
Representative
3.9
% APR
(Annual Percentage Rate)
Interest rate
3.9
% p.a.
(Fixed)
Apply for a loan
You're not guaranteed to get the rate you see in this calculator.The rate you pay depends on your circ*mstances and how much you borrow, so it may be different from the Representative APR. Your rate will never be more than 29.9% per annum (fixed).
How long could you borrow for?
You could pay back your debt consolidation loan over one to eight years.
Loan amount
£1,000 - £7,450
£7,500 - £50,000
Time to pay back
1 to 5 years
1 to 8 years
Get your free personalised quote
Find out if we're likely to say 'yes' before you apply and how much your loan could cost you. Don't worry - a quote takes minutes and won't affect your credit score.
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Benefits of our loans, plus more
- Why get a loan from us?
- Why use our app?
- Tips to manage debt
Why get a loan from us? OpenClose
Start with a free quote
We can usually say what you could borrow and your rate before you apply – and it won’t affect your credit score.
You could get your money today
Your money could be in your account the same day if you apply online, are unconditionally accepted and sign your loan documents before 5:45pm Monday to Friday, excluding bank holidays. (It may take longer if we need more info.)
Pay your loan back early
Got a bit of extra money? Feel free to pay us back early. If you do, though, you’ll need to pay an early repayment fee.
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If you pay your loan back early, you’ll have to pay an Early Repayment Fee. This fee depends on how long you borrowed money for - and is on top of the loan amount you still owe and any interest you still owe.
Did you borrow money for more than a year?
If you borrowed for more than a year, the fee is 58 days’ interest on the amount you pay back early. The good news is that if you have fewer than 58 days left, we base it on the number of days left on your loan. So, if you have 13 days left, you'll pay 13 days' interest on the amount you pay back early.
Did you borrow money for one year?
If you borrowed for a year, the fee is 28 days' interest on the amount you pay back early. The good news is that if you have fewer than 28 days left, we base it on the number of days left on your loan. So, if you have 13 days left, you'll pay 13 days' interest on the amount you pay back early.
How to pay off your loan early
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Why use our app? OpenClose
Manage your loan
Check your balance and overpay in our app.
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Check your balance and overpay in our app
It’s quick and easy to see what you owe, make payments and overpay with our app. And that’s just for starters.
Just so you know… to get our app, you need to be age 11 or over, have a UK mobile number (or international mobile number in some countries) and use a compatible iOS or Android device.
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Check your credit score
See your score in our app for free.
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See your score in our app for free
Want to borrow money? A good credit score could help. See what your score is in our app and get tips to improve it.
Just so you know…The credit score is from TransUnion. To see it in the app, you’ll need to opt in there and be an 18+ customer, with a UK address. To get our app, you must be age 11 or over, have a UK mobile number (or international mobile number in some countries) and use a compatible iOS and Android device.
Check your credit score in our app, free
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Tips to manage debt OpenClose
Write it down
First, know where you stand. Make a list of who you owe money to. Then write down how much you owe them, what interest you pay and if there are any early repayment charges.
Worried? Get free debt advice Close
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Struggling with debt?
Get back on track -Get free debt adviceand more.
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Borrow smarter
Next, tackle your debt. A good start could be paying less interest. But what's the cheapest way for you to borrow from us? A loan? An overdraft? Or a credit card? It depends.
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So, what’s the best way for you to borrow?
To help you decide, read our borrowing guide.
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Is a debt consolidation loan right for you?
Loan? Credit card? Overdraft? Figure out what type of borrowing is best for you.
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Are you ready to apply?
We'll start with your free quote
At the start of your application, we’ll usually let you know if youcould get a loan – and your personalised rate – without affecting your credit score. It’s then up to you if youwant to go ahead.
To apply online, you'll need to:
- Be 18+, a UK resident and have had a current account with us for at least three months.
- Not have been declared bankrupt in the last six years.
- Not have applied for a loan with us in the last 28 days.
Sounds good so far? Just a bit more info to get through:
We care about lending responsibly. So, you can’t use a loan from us for some things, including:
buying property, a static caravan, or land.
a deposit for property, a static caravan, or land.
household bills, rent or mortgage payments.
car tax.
business purposes.
late payments.
tax avoidance schemes.
court or solicitors’ fees.
- gambling.
- buying shares or other investment funds.
Are you an existing customer who needs a little more help? Maybe you’ve got a disability, English is your second language, or you’ve recently lostsomeone.
We’re here for you. Just let us know once, so wecan update our systems and offer you the support you need.
You can tell us online, call us, or visit a branch. To share your details with us,go toBanking My Way.
We want you to be sure this loan is right for you. So before you carry on, please take a look at our lending commitments. They explain what you can expect from us and what we ask of you.
Our Lending Commitments (PDF, 531KB)
It's important for you to understand how we use and share your info. Before you continue with your application, please read how we use your data.
