NatWest Debt Consolidation Loans

Managing your debt repayments can sometimes become difficult, especially if you have multiple lenders to maintain each month. You may feel overstretched whilst also having repayments leaving your account on different days. This is where a debt consolidation can help reduce multiple payments into one that is manageable and only have one repayment date each month to maintain. As this can be an efficient way to manage your debts, here at Debt Consolidation Loans we aim to find options that align with your circumstances exactly.

Here, we’ll provide information about a NatWest debt consolidation loan, one of many available through high street banks. To consolidate debt with NatWest, you’ll need to consider the terms and interest rates available first, which we will detail here. As we are a broker of debt consolidation loans, we can help put you in contact with our panel of lenders who are ready to consider your application. As there are many lenders available online to help you consolidate your debts, having more information about your options will help you make an informed decision.

  • Large panel of trusted lenders offering debt consolidation loans
  • At DCL, we have many years of experience within the finance industry
  • We are an FCA authorised broker service, connecting you to the right loan
  • Bad credit welcome, all credit histories considered
  • Simple to use online application, easy to apply quickly online
A bank worker explains to a young couple about Barclays bank debt consolidation loans

As we can help you whether you have good or bad credit, we take the time to consider all applications. We’ll connect you to the most suitable lender for your situation and affordability, saving you time and effort when looking to consolidate quickly. Once a lender match is found, they will contact you to finalise your agreement and process your application.

To start your application, click apply now and our team can help you without delay.

Why debt consolidation?

  • Improve your monthly budget
    A debt consolidation loan will enable you to group all your existing borrowing and the monthly repayments are easier to manage.
  • Reduced overall repayments
    A debt consolidation loan could even save you money each month if the interest rate is less than the combined total interest of the previous loans.
  • Improved credit rating
    The simplicity of repaying a debt consolidation loan means that you are more likely to repay the debt on time every month. This will prove you to be a responsible borrower, which will have a positive effect on your credit score.

 

What is a NatWest Debt Consolidation?

NatWest is the commonly used name for National Westminster Bank and is one of the main banking institutions in the UK since being established in 1968. Its roots can be traced back further, the result of multiple mergers over the years until Westminster Bank was formed in 1834. Offering all types of finance products including current accounts, savings, loans, credit cards and mortgages, they have a total of 960 branches across the UK as well as telephone and internet banking. You can also consolidate debt with NatWest, helping you take back control of your finances.

A NatWest debt consolidation can be used to pay off existing credit card debt, store cards, overdrafts, or personal loans and if approved can be provided the same day. Here at Debt Consolidation Loans, we can help you find alternative options, working similarly to a personal loan that you can use to pay off your creditors and have one single repayment going to one lender instead. As we work with a panel of lenders, you’ll find more than just one option through us whilst also not be restricted if you have a poor credit rating.

NatWest Debt Consolidation Loan Rates & Terms

You can get 3.4% APR Representative with a NatWest debt consolidation loan and borrow between £7,500 and £19,950, with other amounts and alternative rates available depending on an applicant’s circumstances. Applicants must be over 18 years of age, a UK resident and have a NatWest current account that has been open for more than 3 months. Due to this, new customers would not be eligible if they do not bank with NatWest or have only just opened an account. A NatWest debt consolidation loan can be repaid over a period of 2 to 5 years with amounts up to £7,450, and between 2 to 8 years for higher amounts up to £50,000. For homeowners, a NatWest debt consolidation remortgage can also be considered that will provide funds to pay off existing debts depending on the value of your home.

To be eligible for either a NatWest debt consolidation mortgage or a standard debt consolidation, those looking to apply cannot have been declared bankrupt within the last 6 years, nor have applied for a personal loan in the last 28 days either. Here at Debt Consolidation Loans, we understand not everyone has good credit, especially when repaying multiple loan amounts. That’s why we welcome those with poor credit to apply as the lenders we work with can consider applications from a range of personal credit histories. Whilst we cannot guarantee no credit check or guaranteed approval, you won’t be declined just for having bad credit. If you can afford the repayments and the lender can see this, there is the possibility you could find what you’re looking for.

Why debt consolidation?

  • Improve your monthly budget
    A debt consolidation loan will enable you to group all your existing borrowing and the monthly repayments are easier to manage.
  • Reduced overall repayments
    A debt consolidation loan could even save you money each month if the interest rate is less than the combined total interest of the previous loans.
  • Improved credit rating
    The simplicity of repaying a debt consolidation loan means that you are more likely to repay the debt on time every month. This will prove you to be a responsible borrower, which will have a positive effect on your credit score.

 

How to Apply for a NatWest Debt Consolidation Loan

A NatWest debt consolidation loan can be applied for online or in one of their branches. You can start an application and check to see if you are likely to be approved by providing a few details first. They will provide a quote for the loan amount and terms you want and if this meets your expectations, you can then complete the application. They may need to contact you for further information, which means this can delay your application, so same day approval is not guaranteed. When using our online platform at Debt Consolidation Loans, as we can help those with good and bad credit, we do not use automated decision-making processes.

We take a human approach and our team fully consider each application before a lender approves an application. Whilst this may take longer to complete, it ensures we match the right lender to your circumstances and affordability. Remember, if we cannot prove you can afford the debt consolidation you apply for, we may need to decline your application. As FCA authorised brokers, we take responsible lending seriously and do not want applicants to fall into further financial difficulty.

Choose DCL Today to Find Your Debt Consolidation Options

Being informed before going ahead with any type of debt consolidation, including those offered by NatWest and other high street banks, ensures you know exactly what you are agreeing to. We provide information on the many different ways to consolidate your debts so that you have everything you need to make a smart and informed decision. As we are a fee-free broker service, we aim to find the best match for your situation and help you make paying back your existing debts much simpler each month. You’ll find flexible repayment plans and full transparency, including no hidden fees.

If you are ready to start an application to see your alternative options, you can apply online. Have any further questions about our loan options or NatWest debt consolidation loans? Please get in touch with the team today or browse or FAQs for more helpful information.