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Early Repayment Charges

Paying off a loan early

Why make an early loan repayment?

If you find you have a bit more money in your account you might decide to repay your loan early. 

This could mean you end up paying back less in interest in the long term.

App available to customers with compatible iOS and Android devices and a UK or international mobile number in specific countries. Online banking available to customers with a NatWest account.

Ready to repay your loan?

If you hold a mobile device, the quickest way to get a settlement quote and pay off your loan is via the mobile app.

1. Download and log in to app

2. Click on loan account

3. Click pay my loan

4. Settlement quote will be shown in the journey (you will be able to download a PDF)

5. If you then decide to pay off your loan, you can do so by following the on screen instructions

Please note, if you’ve had your loan for more than 14 days, the balance you see on Online Banking is not the amount needed to pay off your loan in full (the balance shown doesn’t include any early settlement charges nor accrued but unapplied interest). The quickest way to view your interest is to use the mobile app.

If you would rather request closure of your account online, or do not have a mobile device, complete the request form for an early settlement quote following the instructions below.

Request your early settlement quote

  1. 01

    Simply click on the link below

  2. 02

    Fill out the short form with your details

  3. 03

    We'll be in touch within a few days with your final amount due as well as the next steps to making your final payment. You can select to receive this information by email, text or both.