Larger one-off purchases and consolidating debt
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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 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.
Your borrowing options, at a glance...
Wait up to 5 - 7 days for card to arrive