A business overdraft could help you manage your cash flow
Security may be required. Product fees may apply. Over 18s only.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.
|Representative EAR (variable)||5.88%||5.88%||5.35%||5.35%||5.35%||5.35%|
If you have a Relationship Manager please speak to them about your borrowing needs.
If you do not have a Relationship Manager and wish to borrow up to £35k you can apply online, if you wish to borrow more please contact us on: 0345 711 4477
Interest on your account is calculated daily, based on your end of day balance and rate, and charged to your account quarterly. If the overdraft is between £501-£1,500, the arrangement fee is £100. For overdrafts above £1,500, an arrangement fee of 1.5% or a minimum £150 fee is applied. A 12 month fee-free £500 overdraft for Start-ups is available, subject to status, and you would still pay interest on that.
Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement will get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR doesn't take into account any overdraft fees which may be incurred if you go over your agreed overdraft limit.
If you're planning on switching to NatWest and already have a business overdraft with your current bank, we'll do our best where possible to match their terms with you when you switch.
For start-up businesses which have opened a Business Current account with us, we may be able to offer you an arrangement fee-free £500 overdraft for the first year. A fixed interest rate of 6.5% will be charged for the initial agreement period (subject to status).