Get a quote with no credit score impact
If you both have a NatWest current account and you're looking for a joint loan, in most cases we’ll confirm the loan amount and rate at the start of your application with no impact on your credit score.
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Joint Loans
Take on life together with a joint personal loan
Representative 5.9% APR
This rate is available on loans between £7,500 and £14,950. Other loan amounts are available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR.
To apply for a joint loan applicants must be 18+, a UK resident and either: both hold a sole NatWest current account (held for 3+months) or share a joint NatWest current account (held for 3+ months).
Money in your account the same day
You could get your joint loan funds on the same day if you apply online, are unconditionally accepted and both parties sign their loan documents before 5.45pm Mon – Fri.
If we need to contact you for some additional information, it can take a little longer.
About joint loans
Whether you’re working on a big dream or a little emergency, a joint personal loan could be an option if you’re looking to borrow money with a partner, family member or friend.
If approved, you could use a joint loan to:
What to expect on your joint loan journey
We think it is important to let you know what you will need and what you will see in your joint loan application journey.
The first applicant will need to provide the following details for both applicants;
· Address history for last 3 years
· Income and expenditure details.
Once they have got their quote and completed the application, we will notify the second applicant to log in online or via their mobile app into the application. This will allow them to check and confirm they are happy and sign their documents.
When both applicants have signed the credit agreement, we will carry out some final checks and release the funds if everything is in order.
Linking your finances
Taking on any new debt is a big decision, especially when you’re doing it as a team.
If you’re approved, your credit files will be linked and future lenders may take both your scores into account before approving you for any other borrowing.
It’s also key to know that if the person you’re taking a loan with defaults on a payment or the entire loan amount, you will be responsible for the full payment amount.
Borrowing terms
This is the length of time over which your personal loan agreement is in place. Our minimum and maximum terms for certain loan amounts are shown below.
Loan calculator
Representative Example
Borrowing
£7,500
Over
0 months
Monthly repayment
£137.55
Total repayment
£8,253.00
Representative
3.9
% APR
(Annual Percentage Rate)
Interest rate
3.9
% p.a.
(Fixed)
The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator.
The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator.
What does APR mean?
APR can be confusing. Grab a cuppa, take a few minutes and read our guide to APR for some help.
Can I pay off my loan early?
It’s important to remember that if you repay your loan early, you will be charged an Early Repayment Fee. The amount you will be charged will be equal to 58 days’ interest on the amount you repay early (28 days’ interest if the period of the Loan is one year or less). If there is less than 58 days (or 28 days if applicable) remaining on the loan, the calculation will be based on the actual number of days remaining. This is in addition to your outstanding loan amount and any outstanding interest.
Get a free personalised quote
If you both have a NatWest current account and you're looking for a joint loan, in most cases we’ll confirm the loan amount and rate at the start of your application with no impact on your credit score.
Are you ready to apply?
We'll start with your free quote
At the start of your application, we’ll usually let you know if you could get a loan – and your personalised rate – without affecting your credit score. It’s then up to you if you want to go ahead.
To apply online, you'll need to:
- be 18+, a UK resident and have had a current account with us for at least three months.
- not have been declared bankrupt in the last six years.
- not have applied for a loan with us in the last 28 days.
Sounds good so far? Just a bit more info to get through:
Joint mortgages
Interested in a shared mortgage? Find out more about joint mortgages. Criteria apply, over 18s.
Joint bank accounts
Needing a shared bank account? Find out more about joint bank accounts. Criteria apply.
Joint savings
Saving towards a joint goal? Find out more about joint savings accounts. Criteria apply.