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Borrow Money

Which borrowing is best for you?

To apply for borrowing, you must be 18+ and living in the UK. Subject to lending criteria.

Ways to borrow money

A loan, credit card, overdraft or Buy Now Pay Later? Take a look at your lending options below. 

Loans

A personal loan allows you to borrow a fixed amount over a fixed period of time. It's suitable for short, medium and longer term borrowing.

  • Know how much you'll pay each month and when you'll finish repaying
  • Consolidate debt or fund larger one-off purchases such as a new car or home improvements 

You can make overpayments or pay off your loan early, subject to early repayment charges. 

Credit cards

A credit card lets you buy things up to an agreed limit and pay for them later.

  • Spread the cost of purchases
  • Consolidate credit or store credit balances with other lenders

Credit cards come with monthly interest and can incur late payment fees. If you just make the minimum monthly repayment, this can be an expensive form of borrowing.

Overdrafts

An arranged overdraft is when we agree to a limit that lets you spend a bit more money than you have in your current account.

This could help you manage your money if:

  • you have to cover short-term expenses
  • your income or outgoings vary from month to month

There’s no cost to set up an arranged overdraft on your account. Interest charges only apply for the days you use your overdraft.

Buy Now Pay Later

NatWest Buy Now Pay Later is a virtual credit card that lets you split the cost of purchases (£50 and over) into four interest-free monthly instalments.

  • Add your virtual card to Apple Pay or Google Pay
  • Use online or in-store
  • Pay off in full at any time, without charge 

Late fees apply if payments are missed. Maximum amount of borrowing is £1,000 and you must have a smartphone compatible with our mobile app.

Ways to borrow money

Want to borrow money, but unsure which product would work best for you?​​

Simply answer a few questions and explore your borrowing options here​

What would you like to borrow for?
How much would you like to borrow?
How long would you like to take to repay it?

Your borrowing options explained

Based on what you’ve told us, here are some borrowing options for you to explore further

Credit cards

A credit card lets you buy things up to an agreed limit and pay for them later.

  • Spread the cost of purchases
  • Consolidate credit or store credit balances with other lenders

 

Credit cards come with monthly interest and can incur late payment fees. If you just make the minimum monthly repayment, this can be an expensive form of borrowing.

Other product options are available. To see all your options together, return to the Borrowing Needs Hub.

Overdrafts

An arranged overdraft is when we agree to a limit that lets you spend a bit more money than you have in your current account.

This could help you manage your money if:

  • you have to cover short-term expenses
  • your income or outgoings vary from month to month

 

There’s no cost to set up an arranged overdraft on your account. Interest charges only apply for the days you use your overdraft.

Higher limits may be available upon application, use our Eligibility Checker to find out more​

Other product options are available. To see all your options together, return to the Borrowing Needs Hub.

Before deciding to borrow money, you should think about:

  • If you have any other ways of funding what you need, such as using existing savings or creating a savings goal (criteria applies)​

  • If you can afford to pay back the money you're planning to borrow. Depending on the product you choose, interest rates may be variable or fixed, which might impact the amount you can borrow and the cost of borrowing over time​

  • Any application for borrowing will be subject to credit checks to make sure you’re eligible to borrow money, these can leave a trace on your credit report. Before applying for credit, check if the product you’re interested in offers an eligibility checker. Also known as a soft credit search, these quick online forms let you find out if you’re likely to be accepted without impacting your credit score​

  • You should properly explore all your borrowing or savings options before making a final decision​

  • This guide aims to help you determine which product might best suit your needs, but in no way constitutes product advice or recommendation

Your borrowing options explained

Based on what you’ve told us, here are some borrowing options for you to explore further

Buy Now Pay Later

NatWest Buy Now Pay Later is a virtual credit card that lets you split the cost of purchases (£50 and over) into four interest-free monthly instalments.

  • Add your virtual card to Apple Pay or Google Pay
  • Use online or in-store
  • Pay off in full at any time, without charge 

 

Late fees apply if payments are missed. Maximum amount of borrowing is £1,000 and you must have a smartphone compatible with our mobile app.

Other product options are available. To see all your options together, return to the Borrowing Needs Hub.

Credit cards

A credit card lets you buy things up to an agreed limit and pay for them later.

  • Spread the cost of purchases
  • Consolidate credit or store credit balances with other lenders

 

Credit cards come with monthly interest and can incur late payment fees. If you just make the minimum monthly repayment, this can be an expensive form of borrowing.

Other product options are available. To see all your options together, return to the Borrowing Needs Hub.

Overdrafts

An arranged overdraft is when we agree to a limit that lets you spend a bit more money than you have in your current account.

This could help you manage your money if:

  • you have to cover short-term expenses
  • your income or outgoings vary from month to month

 

There’s no cost to set up an arranged overdraft on your account. Interest charges only apply for the days you use your overdraft.

Higher limits may be available upon application, use our Eligibility Checker to find out more​.

Other product options are available. To see all your options together, return to the Borrowing Needs Hub