Loans natwest
In the year 1968 the National Provincial Bank and the Westminster Bank unified as the National Westminster Bank. This merger resulted in a number of profits and resulted in improved balance sheets, created new network and new office locations etc.
The bank started developing at a fast rate and soon as 3,600 branches and developed its first credit card in the 1972. Slowly in 1986 the bank entered in the business of securities and created the NatWest investment bank. However, in March 2000 the NatWest bank was taken over by the Royal Bank of Scotland Group.
The NatWest bank is a part of the one of the largest financial groups, which ranks second in the UK capitalization market and the fifth in the world. At present there are 1,650 branches of the bank in UK and all these branches have the provision of 24-hour banking facility .
NatWest provides some of the best borrowing options in the form of mortgages, loans, overdrafts, extra borrowing for homeowners etc. Let us see these in details.
NatWest loan options
The different loan options available with NatWest are mentioned below.
Loans: They provide a typical APR of 6.9% on their loans. Their loans are easy to apply for and these loans are tailor made according to your needs. Whether you are looking forward to buy a new car or helping your child in sponsoring his or her studies you can apply for their loan. They provide fixed rate on their personal loans and you can borrow an amount of ?7,500 or more at an APR of 6.9%. YOU can easily apply online for their personal loan.
They have different types of loans options under these loans like fixed-rate personal loans, flexi loans, graduate loans and student and professional development loan. You can log on to their website and apply for these loans between 6 a.m. to 9.45 p.m.
Mortgages: They have a wide range of mortgage products for their customers that you can choose from. Generally in all the cases you can apply for their mortgage loan online and get an instant decision. They offer mortgage loans to first-time homebuyers, people who wish to get a re-mortgage etc. Whatever is your option they have a mortgage loan ready for you. Their different mortgage products include: .
Fixed-rate mortgage: With this mortgage you can get a fixed interest rate for the whole life of your mortgage. However, if you opt to pay off the mortgage early you are charged a pre-payment penalty.
Flexible Mortgages: The NatWest loans combines your current mortgage and account to help you reduce the cost of your mortgage on a daily basis. With this you can repay your mortgage loan early.
Variable rate mortgage: This mortgage option allows you to make lower monthly payments for the beginning period of your payment schedule.
100% Mortgage: With this mortgage loan you can have the advantage of buying a property without giving in a down payment.
Lifetime Mortgage: This is meant for people over 60 years of age. They can use the equity in their house to meet their expenses.
Buy-to-let Mortgage: With this mortgage you can buy a property and give it out on rent.
Spanish Mortgage: This mortgage is especially designed for UK residents who wish to buy a property in Spain.
Bridging Loans: With this type of loan you can solve your temporary loan problems and improve your property or pay for the renovation charges.
If you are a member of the NatWest community then they offer special deals on their loan products. Besides this you can take the help of the mortgage calculator available at their website which can be used to calculate the amount of loan that you can apply for and the interest rate and the duration of payment that would suit your financial status.
When you apply for the mortgage loan at NatWest they can help you by providing full mortgage advice and can get your loan approved within minutes if there is no option of requirement of a referral. They help you in completing your mortgage application and would also help you in deciding on the home insurance policy to protect your house and property.
For availing their call back service you can call them from Monday to Friday 8am-8pm or weekends and bank holidays 10am-4pm.
Extra Borrowing for Homeowners: With this loan program if you are a homeowner then you can borrow an amount against the equity of your house. You can borrow an amount as much as ?1,000 and use it in a way that you want.
However, this option is available only to the existing mortgage customers of NatWest loans. With these loans you can either have a fixed or variable interest rate depending on your financial condition. You can also opt to repay the mortgage sooner or as per your mortgage payment schedule .
If, you need any information regarding this loan option then, you can contact them at 08000 510 7430 ; Textphone 0800 917 0789 Monday to Friday 8am-8pm, Weekends and public, holidays 10am-4pm. You can visit their website for knowing the amortized schedule of this loan so that you know how much and when are you supposed to them back the loan amount.
Contacting NatWest
You can contact NatWest loans at .
Telephone 0131 556 8555 or Textphone 0845 900 5960.
Mortgages Direct: 0800 400 999 (UK) +44 121 635 1060 (Overseas).
Lifetime Mortgage for the over 60s: 0845 877 6000* (UK).
Extra Borrowing for Home Owners: 0800 88 66 88 (UK) ; +44 121 635 1060 (overseas) .
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