NatWest

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As the largest retail and commercial bank in the United Kingdom, NatWest (Natwest.com) is also one of the biggest providers of personal loans and financial services to UK residents. Amongst its many products and services, NatWest offers its customers Car Loans, which can be taken out to buy any car up to a value of £25,000. The loan is not tied to any particular car, and can be used to buy any vehicle.

The Car Loan works in a similar way to a NatWest Personal Loan. Customers can use the loan to combine with their own savings and cash to pay for their car upfront, instead of having to make a payment plan with a dealer or manufacturer. This puts the loan in your hands and leaves you with more flexibility and control, and gives you more choice about the length of the repayment schedule. Taking out a Car Loan also means that the car is fully yours from the moment you purchase it, and has been paid off upfront.

If you are over 18 and already hold a NatWest Current Account, you could be eligible for a NatWest Car Loan. The minimum loan amount is £1,000, and you can apply for a maximum of £25,000. The cost of the car repayments can then be spread over a period of one to seven years- or one to five years if you borrow less than £15,000. The repayments are made at a fixed sum, making it easy to budget your finances.

Customers can apply online for an instant quote which has no obligation and no bearing on their credit rating. If they accept the quote, they can then apply for their loan straight away, and find out instantly whether their loan has been approved. If the quote has been accepted and confirmed, the money could be in your account within the next working day, allowing you to purchase your car straight away.

80 Reviews of NatWest have been submitted - read the latest 3 below

I wasn't planning on getting my car finance loan from NatWest as I didn't really think they would be offering good enough rates but before I made a final choice from the lenders I had shortlisted I decided to do a quick online quote application with NatWest more out of curiosity than anything else. There was nothing to lose by getting the quote and that is one of the best things about applying for loans these days as most lenders have a 'no obligation' quote facility that won't affect your credit rating. So when I did the online quote and got a very favourable response I had to rethink my choices and finally ended up going with the NatWest quote. I still can't believe how close I was to just dismissing NatWest altogether. I really do think if you can get a loan from your own bank that is as good as another lender you should go for it because in overall terms it should work out to be even better for you.

Review posted by T. Furlong, Hammersmith

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If I'm borrowing a lot of money to buy a new car I feel a whole lot happier going to my bank for the loan and fortunately NatWest were able to reward my faith in them with this super loan. It doesn't come with any carrot dangling offers just a competitive rate and convenient terms that suit my personal circumstances. There might be cheaper deals to be had from other lenders but you can't put a price on borrowing from a well established and trustworthy source like a bank that you've been a satisfied customer with for over 40 years. That's my relationship with NatWest and that's why I got my car finance loan from them.

Review posted by Vincent Barry, Maidenhead

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Thought I'd get in their good books and post a nice review to say thanks to NatWest for my car finance loan after all I might need another one when this is paid off. If they give me as good a rate as this one I'd be more than happy with it. I did a lot of looking online to see what other lenders were offering for their car finance loans and NatWest really were one of the top for very competitive APRs. Taking that into consideration along with the fact that it would be so much more convenient for me to get the loan from my own bank it was quite an easy choice to make.

Review posted by Karen Saunders, Islington

  • Customer Service
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  • Ease Of Use
  • Value For Money