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Business Overdraft

A flexible short-term safety net for your business

Our Business Overdraft helps you prepare for the unexpected

Pay interest only on the amount you borrow

No set minimum to pay back each month

Ideal for unexpected bills or emergencies

Flexibility with your business overdraft during a Family First event

 

For existing NatWest customers for up to 12 months. After 12 months, we’ll contact you to review. Interested in our business current accounts? See the range.

What is a Business Overdraft?

It’s a flexible short-term lending option for businesses. A Business Overdraft works as a safety net for unexpected expenses, where you may not have sufficient balance when awaiting payments from customers. With our overdraft, you only pay interest on what you borrow, without a minimum requirement for your repayments.

Overdraft in detail

Flexible monthly payments

An overdraft is a useful safety net. You can reduce your Business Overdraft by as much or as little as you want each month, with no set minimum pay back each month.

Borrow up to £50k unsecured (subject to credit approval)

If you have an RM contact them about your borrowing needs. If you don't have a RM and wish to borrow up to £50k you can apply online, if you wish to borrow more please contact us.

Boost cashflow and only pay interest on what you borrow

A Business Overdraft is a useful safety net. If you need a quick cash injection or help when an unexpected cost comes along, an overdraft is there if you need it. If you don’t use your Business Overdraft facility, you don't pay any interest. Simple as that.

Family First

If you have a Family First event, you could apply for added benefits to your business to help during this period. Our normal overdraft criteria apply, but we’ll waive the annual arrangement fee.

Take a look at our Overdraft Fact Sheets:

Usually for businesses with a turnover of under £2m view here (PDF, 186KB)

Usually for businesses with a turnover of over £2m view here (PDF, 183KB)

Useful info about our Business Overdraft

Apply for an Overdraft or increase your current limit

As an existing customer you can log in using your Online Banking details and apply in less than 10 minutes. If approved, you could have the money within 24 hours.

Forgotten your details?

Don't have Online Banking? Register today

Apply to decrease your existing NatWest Overdraft

Use our online application form to decrease your limit. If you don't have Online Banking, you can also use it to apply for a new overdraft or increase.

Wish to borrow £25k or less? Discover the rates you're likely to pay and check your eligibility.

Already have a NatWest business account?

  • If you have Online Banking you can get a personalised quote. Log in now
  • Rates table and eligibility checker are not suitable if your business has a turnover of more than £2 million or is being supported by our Commercial Relationship Managers.
  • 100% of SME customers who used the eligibility checker received an end quote that was the same, better or no more than 10% above their indicative quote. 

Please note. You can only check rates up to £25,000.

Business Overdraft available over 12 months only

  • Interest on your account is calculated daily, based on your end of day balance and rate and charged to your account quarterly.
  • Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges

Representative EAR

Interest Rate %

5.25%

Arrangement Fee

£300

Please be aware, should you exceed your overdraft limit or have an item returned unpaid due to insufficient funds, our unauthorised borrowing rate and standard transaction charges will apply.

  • Interest on your account is calculated daily, based on your end of day balance and rate and charged to your account quarterly.
  • Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges

Additional lending for your business

Looking for a quick cash option?

Apply for a business loan in just 10 minutes and get an instant decision. If approved, you could have the money within 24 hours.

Invest in commercial premises

As a commercial property owner, you may benefit from increases in property value. This could be a great way to grow your business.

Turn your long-term ambitions into action

Borrow from £25,001 with no upper limit on a variable interest rate, or up to £10m on a fixed interest rate, subject to approval​.

Coronavirus support for your business

If your business has been impacted by the Coronavirus crisis, please be aware that there may be alternative source of funding available to you at a lower cost. Click below to find guided support, information in more detail and to understand if you are eligible before you apply.

Something else we can help you with?