You could borrow up to £50,000 from us for home improvements

The amount you can borrow depends on your circumstances.

To find out much you could borrow and what it could cost…

Check your eligibility – this won’t hurt your credit score.

You could pay us back in one to 10 years for your home improvement loan

Your monthly payments will be less if you take longer to pay us back. But your total cost will be more, as you’ll pay more interest.

Here are some questions to help you decide:

Do you want to pay back your loan in one to 10 years, or longer? If you get a loan from us, you’ll have from one to ten years to pay us back. With a mortgage, you could take much longer to pay off what you owe – maybe as long as 30 years.

Do you want to pay less each month? With a mortgage, you could spread the cost over a longer amount of time. This means you could pay less each month. But it could also cost you more overall, as you’ll pay more interest as you’re borrowing for longer.

Are you happy to secure your loan against your home? Unlike our loans, our mortgages are secured against your home. This means that if you don’t pay back what you owe, you could lose your home. To make up for this, mortgages often have lower interest rates.

Do you want to borrow over £50,000? With a loan from us, you could borrow up to £50,000. You could borrow a lot more with a mortgage. But, unlike with our loans, you might have to pay an arrangement fee.

Do you want the money today? You could get your loan money today if you apply and are approved before 5:45pm, Monday to Friday, excluding bank holidays. With a mortgage, it could take a couple of weeks to get the money.

There's no magic credit score that guarantees you'll get a loan

Your credit score is a 3-digit number. It’s a snapshot of your borrowing history. Lenders, like us, look at your credit score to decide how likely it is that you’ll pay us back.

What your credit score could mean:

• Excellent credit score – you've got an excellent chance of getting loans at the best rates.
• Good credit score – you've got a good chance of getting loans at a good rate. 
• Fair credit score – there's a fair chance you'll get a loan. You might have fewer options and have to pay higher interest rates.
• Poor credit score – you could still get a loan, but you might have fewer options. Lenders will look closely at your circumstances and if you can afford a loan.

Your credit score is just one thing that lenders consider.

When you apply for a loan, you’ll also be asked about your:

• Income.
• Outgoings.
• Employment status.

So, your credit score does matter. But it’s not the only thing that matters.

Are you a NatWest customer? You can check your credit score for free in our app:

Check your credit score for free