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Press Room

NatWest Launches 2005 Graduate Package
(01 June 2005)

NatWest has launched its 2005 graduate package, which is available for students who have graduated from university within the last three years. The package includes a host of financial and other benefits to help with the transition from student to graduate life.

The NatWest graduate package offers customers an interest free overdraft for three years after graduation. This is 2,000 in the first year, 1,000 in the second and 500 in the third year. In addition, if graduates want to pay off their overdraft as soon as they graduate, they can take out an interest free loan for three years which means that they have structured repayments rather than struggling to clear it at the end of each year.

NatWest also offers a specific graduate loan with a preferential rate of interest, currently 7.9% (typical APR). Graduates can borrow between 1,000 and 15,000 and can even take a four-month repayment holiday if required. New graduates planning a trip around the world after university can even take out a NatWest graduate loan and defer repayment for up to 12 months, if they have secured full time employment on their return.

The graduate package includes NatWest Escape, a travel service specifically designed for university leavers. The service is designed to offer graduates tailored travel advice, special offers and discounts for all types of travel. As part of the package, graduates can also purchase their foreign currency from NatWest commission free.

According to Ann-Marie Blake, Head of Student and Graduate Banking: "Finding a job straight after university is pressure enough without having to worry about paying back student debt. With graduation comes a whole raft of extra expense such as relocation, rent and a new work wardrobe, so the NatWest Graduate package is designed to help graduates make the transition between student and working life, whilst maintaining control of their finances."

The New NatWest Graduate Package includes:

Interest free Credit Zone Overdraft

  • 2,000 for first year after graduation
  • 1,000 in second year
  • 500 in third year

Graduate Loan

  • Ability to borrow between 1,000 and 15,000 at a preferential rate (7.9% typical APR) with optional repayment holiday of four months or up to 12 months if the graduate is travelling. The loan is available for five years for up to and including 10,000 and up to seven years for loans between 10,000 and 15,000.

Graduate Overdraft Repayment Plan

  • Provides Graduates with the option of making structured monthly payments to repay their overdraft up to a maximum of 2,000. These repayments can be spread over three years until the loan is repaid by the end of graduate terms.

Accessibility

  • NatWest has more branches on campus than any other bank
  • NatWest customers have free access to over 32,000 cash machines in the UK and more than 890,000 worldwide
  • Free 24-hour telephone and internet banking
  • All NatWest customers can top up their mobile phones at any NatWest cash machine
  • Direct line to your branch

Travel Service

  • Specially negotiated insurance premiums
  • Commission-free purchase of AMEX travellers cheques and currency
  • NatWest Escape - a service offering exclusive travel deals at unbeatable prices to Graduates

Graduate Belongings Insurance

  • Specially negotiated premiums on a policy specifically to suit graduate customers

Post-Graduate

  • Advice and information available on how to fund post-graduate study.
  • Loans available for specific course such as the MBA Loan and the Professional Trainee Loan

Job Finding Service

  • CV writing tips
  • Interview skills
  • Where to look for jobs, online and broadsheet paper information via www.natwest.com/graduates
  • Small Business Advisers for the self-employed
  • Tips on how to start your own business

Home Finding Service

  • Advice on looking for a home via www.natwest.com/graduates
  • Link to propertyworld.co.uk to search for home

Credit Card

  • Fee-Free Credit Card with AirMiles

Graduate Mortgage

  • Exclusive fixed and discounted rates
  • Up to 100% mortgages
  • Loans up to 175,000