Keeping your eyes peeled for a car loan that is not only accessible but also budget-friendly? You might want to give NatWest’s loan offers a try. They have an arsenal of valuable options that gives you the liberty to buy a vehicle without going through hoops. Read on to know your best option.
NatWest Online Car Loan Features and Benefits
NatWest offers one of the most accessible loans to finance your car purchase in a fast and convenient manner. The application can take only minutes and you can get a decision within the same day. You can even receive your funds the next day. Moreover, the bank gives unconditional acceptance if they receive the application from customers who use online banking before 5:55 pm from Monday to Thursday.
Getting a NatWest Online Car Loan
Got your eyes on this loan? You need to make sure that you are within the eligible age, which is 18 years old and above. You must also be a UK resident with a current account (for a minimum of 3 months) or a mortgage or credit card line (for a minimum of 6 months). Aside from this, you must also have a stable financial status in the past 6 years, which means that you must not have any declaration of bankruptcy in the past half year. Those who have recently (at least 28 days) applied for a personal loan cannot go for this car loan.
You can start the application process through the NatWest website.
NatWest Online Car Loan Fees and Charges
If you choose to get this loan, you need to be ready for the payments. Worry not because we got you covered. The first thing you need to take note of is the annual percentage rate. With the Natwest Online Car Loan, you can have an APR as low as 3.4% up to 29.9%. This means that your possible APR will never reach 30%, making it more affordable. To increase manageability, this rate is fixed which means that you can make payments without getting a surprised by a different repayment amount every month.
In light of this, you must also know the monthly repayment amount. You can get this once you get a fixed APR. However, keep in mind that this will depend on how much you borrow and how many years you plan to repay it. Moreover, the representative APR of 3.4% is only applicable for loans between GBP 7,500 and GBP 19,950. So, if you choose to borrow GBP 7,500 payable over 5 years, your APR will be 3.4% and your repayments will be GBP 135.93 monthly. To get a better idea of the repayments, check out NatWest’s loan calculator.
Nowadays, one of the easiest ways to get around town is through a vehicle and a car loan can get you closer to your own personal automobile. With NatWest’s Online Car Loan, you do not have to go through obstacles just to get funding for your dream car. Instead, you can simply go online or given them a visit to start your application.