Islamic Bank of Britain-Halal Personal Finance

Our halal Personal Finance facility is an unsecured cash generating facility that allows you to generate cash for the purpose of purchasing goods or services, whilst remaining true to your faith.

You may apply for a halal Personal Finance facility for a minimum of £5,000 up to a maximum of £25,000 and have a choice of repayment periods.

There are two rates available for Unsecured Personal Finance – one for home owners, 10.9% APR Typical and one for non-home owners 12.9% APR Typical.

We are the first fully Sharia’a compliant bank to offer this facility. Finance is not secured, it is still unsecured, however we are able to offer preferential rates to home owners.

Like all our accounts, this halal Facility has been approved by our Sharia’a Supervisory Committee. The halal Personal Finance facility is based on the Islamic principle of Murabaha. We buy and sell commodities and generate profit from these transactions. We do not charge interest, nor do you pay interest to us.

How do we generate cash for the Personal Finance Facility?

To see the process for generating cash for the personal finance facility click here.

You can apply if: You are a UK resident

You are over 18 years of age

You are in permanent employment

You are eligible to apply for 1x your gross annual salary up to a limit of £25,000. Subject to status, terms and conditions apply.

Sharia’a Approval – Certificate of Endorsement

Our Personal Finance Facility has been approved by our Sharia’a Supervisory Committee.

Certificate of Approval for Personal Finance Facility

Islamic Bank of Britain plc, Edgbaston House, 3 Duchess Place, Hagley Road, Birmingham, B16 8NH.

More: www.islamic-bank.com

National Westminster Bank-Student Credit Card

Great savings and a real-world credit limit
Want bargains? Get savings you can really use. Want to keep a lid on your finances? A maximum credit limit of £500 could help.

Financial benefits Interest-free period every monthIf you pay your balance (and your previous month’s balance) in full and on time each month you’ll enjoy up to 56 days’ interest free credit on all purchases. Typical 18.9% APR (variable).
No annual fee We don’t send you a bill just for choosing a Student Credit Card.
Take control of your cardManage your credit card online Check your balance or make a payment from your computer.

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Worry-free payments A Direct Debit means you’ll always pay your bill on time. Settle the balance in full or choose any other amount. However, we don’t recommend just making the minimum payment and you must have sufficient funds to pay your direct debit successfully.
Cash advance Your Student Credit Card gives you access to £300 each day, from cash machines around the world. The amount you can withdraw depends on your credit limit, and there’s a 3% handling fee – a minimum of £3.
TravelNatWest Travel Service Book holidays and work trips with a wide choice of discounts, including air tickets and hotels.

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UK breaks 10% off at Superbreak, with access to over 1,600 hotels across the country. From the big city to the great outdoors, there’s everything from comfortable right up to supreme luxury.
Student savingsFull details of how to take advantage of these offers will be sent to you with your Welcome Pack.

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25% off Lonely Planet guides Spend over £10 to get valuable savings from the big name in student travel.

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£5 Firebox voucher Save on the latest gadgets and gifts. Firebox is stacked out with the latest, greatest products.

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Sports and casual wear Get 15% off at kitbag.com, choose from brands like Adidas, Nike and Puma.

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Free DVD rentals by post Subscribe to any MyMovieStream package and the second month is free.

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NatWest Wine Club Look out for cardholder-only offers, as well as the occasional free gift. For more details or to register please call 0870 162 0331*.
*Maximum call charge from a BT landline is 6p plus up to 6p per minute. Calls from other networks may vary.

Summary Box
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
APR	Typical 18.9% APR (variable)

Other Interest Rates	Monthly Rate	Annual Rate
		Simple	Effective
Purchases	1.456%	17.427% p.a.	18.941% p.a.
Cash Advances	2.075%	24.900% p.a.	27.948% p.a.
Money Transfers	1.456%	17.472% p.a.	18.941% p.a.

Interest Free Period	Maximum 56 days for purchases if you pay your balance in full and on time, and have paid the previous month’s balance in full and on time No interest-free period on cash advances or money transfers

Interest Charging Information	The periods over which interest is charged are as follows:
	From	Until
Purchases	Transaction date	Repaid in full
Cash advances	Transaction date	Repaid in full
Money transfers	Date debited to your account	Repaid in full

Allocation of Payments	Interest on special offers Other interest, any fee and charges Special offers Purchases Cash Advances and money transfers See section 2(D)(c) of your Credit Card Agreement for full details.
Minimum repayment	Each month, the greater of 2.25% of your balance (rounded down to the nearest pound) or £5.We do not recommend that you only ever make your minimum payment.
Amount of credit	Maximum £500. Subject to status.
Fees	No annual fee.
Charges	Cash advances (except gambling transactions): 3%, minimum of £3 Transactions in foreign currencies (including purchase of foreign currency and travellers’ cheques): 2.75% Copies of statements: £3 Returned Payment: £10
Default charges	Over limit: £12 Late payment: £12

More: www.natwest.com

National Westminster Bank-Platinum Credit Card

Status comes as standard
If you’re aged over 25 and earn over £25,000, a NatWest Platinum Card offers the convenience and status you’ve been looking for.

Interest-free balances and purchases Transfer your balances13 months is a long time in most people’s book. And it’s exactly how long you could be paying 0% interest on your balance transfers – from the moment of account opening.
Simply pay a 2.9% fee when you transfer a balance in the first three months – minimum fee £5. Typical 16.9% APR (variable).
After the introductory period your transferred balances will be charged at your standard rates. Find out more about balance transfers – see our rates and charges.

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Transfer up to a limit of 95% of your credit limitIf your new Platinum Credit Card has a limit of £2000, you could switch up to £1900 of your existing balances.

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PurchasesDid we mention the 0% interest on your purchases – for a whole six months from account opening?
After the introductory period, your purchases will be charged at your standard rates. Find out more about purchases – see our rates and charges.
Financial benefitsInterest-free period every monthIf you pay your balance (and your previous month’s balance) in full and on time each month you’ll enjoy up to 56 days’ interest free credit on all purchases.

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No annual feeWe don’t send you a bill just for choosing a Platinum Credit Card.

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1% discount on the APRIf you also have an Advantage Gold current account you are guaranteed a 1% initial discount on our standard credit card rate for at least 12 months. Rates variable.
Take control of your cardManage your credit card onlineCheck your balance or make a payment from your computer.

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Worry-free paymentsA Direct Debit means you’ll always pay your bill on time. Settle the balance in full or choose any other amount. However, we don’t recommend just making the minimum payment and you must have sufficient funds to pay your direct debit successfully.

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Credit limit increaseYou can ask us to review your credit limit after you’ve had the card for six months.

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Move funds to a bank accountYou can transfer money from your Platinum Credit Card to any UK bank account. You simply pay your money transfer rate from the date of the transfer, and the minimum transfer is £250. See our rates and charges.

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Cash advanceYour Platinum Credit Card gives you access to £750 each day, from cash machines around the world. The amount you can withdraw depends on your credit limit, and there’s a 3% handling fee – a minimum of £3.
Family and friendsAdd another cardholderWho do you know that would really appreciate being on your credit card account? Just remember that although they’ll be able to spend on your account, you’ll always be responsible for the card.
SavingsNatWest Wine ClubLook out for cardholder-only offers, as well as the occasional free gift. For more details or to register please call 0870 162 0331*.
TravelNatWest Travel ServiceBook holidays and work trips with a great choice of discounts, including air tickets and hotels.

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Travel supportTurn to us for the lowdown on visas, passports, health and vaccinations before you travel. We can also forward documents or medical supplies while you’re travelling.

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Medical support on your travelsWhether you become ill overseas or have an accident and need immediate treatment, we can arrange essential medical transport. Plus we can arrange for your dependent children to return to the UK.
* Maximum call charge from a BT landline is 6p plus up to 6p per minute. Calls from other networks may vary.

Summary Box
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
APR	Typical 16.9% APR (variable)

Other Interest Rates	Introductory Rate	Monthly Rate	Annual Rate
			Simple	Effective
Purchases	0% for 6 months from account opening	1.313%	15.756% p.a.	16.945% p.a.
Balance Transfers	0% for 13 months from account opening made in the first 3 months)	1.313%	15.756% p.a.	16.945% p.a.
Cash Advances	n/a	2.075%	24.900% p.a.	27.948% p.a.
Money Transfers	n/a	1.313%	15.756% p.a.	16.945% p.a.

Interest Free Period	Maximum 56 days for purchases if you pay your balance in full and on time, and have paid the previous month’s balance in full and on time No interest-free period on cash advances or money transfers Interest-free period on balance transfers only applies to the introductory period.

Interest Charging Information	The periods over which interest is charged are as follows:
	From	Until
Purchases	Transaction date	Repaid in full
Balance transfers	Transaction date	Repaid in full
Cash advances	Transaction date	Repaid in full
Money transfers	Date debited to your account	Repaid in full

Allocation of Payments	Interest on special offers Other interest, any fee and charges Special offers Purchases and balance transfers Cash Advances and money transfers See section 2(D)(c) of your Credit Card Agreement for full details.
Minimum repayment	Each month, the greater of 2.25% of your balance (rounded down to the nearest pound) or £5.We do not recommend that you only ever make your minimum payment.
Amount of credit	Minimum £300 maximum £20,000. Subject to status.
Fees	No annual fee
Charges	Cash advances (except gambling transactions): 3%, minimum of £3 Balance transfers: 2.9% (min. £5) during the first three months from account opening Transactions in foreign currencies (including purchase of foreign currency and travellers’ cheques): 2.75% Copies of statements: £3 Returned item: £12 To process dishonoured cheque or direct debit: £10
Default charges	Returned payment: £10 Returned Promotional Cheque: £12

Important informationIf you transfer a balance within the first three months, there’s a 2.9% fee – a minimum of £5. We may offer exemptions from the fee from time-to-time, or a different fee in connection with a special promotion.
The balance transfer fee attracts interest at the same rate applied to purchases, and applied from the date charged until the balance is paid off.
You can’t transfer from other Royal Bank of Scotland Group cards. If you take advantage of the 0% balance transfer offer and 0% purchase offer, your monthly payments will be used to pay off your balance transfer first. Typical 16.9% APR (variable).

More: www.natwest.com

National Westminster Bank-Gold Credit Card

Going overseas? Get medical and legal assistance
Over 21? Earn at least £20,000? Choose our Gold Credit Card for balance transfers, everyday purchases and built in extras.

Interest-free balances and purchases Transfer your balances13 months is a long time in most people’s book. And it’s exactly how long you could be paying 0% interest on your balance transfers – from the moment of account opening.
Simply pay a 2.9% fee when you transfer a balance in the first three months – minimum fee £5. Typical 16.9% APR (variable).
After the introductory period your transferred balances will be charged at your standard rates. Find out more about balance transfers – see our rates and charges.

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Transfer up to a limit of 95% of your credit limit If your new Gold Credit Card has a limit of £2000, you could switch up to £1900 of your existing balances.

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PurchasesDid we mention the 0% interest on your purchases – for a whole six months from account opening?
After the introductory period, your purchases will be charged at your standard rates. Find out more about purchases – see our rates and charges.
Financial benefitsInterest-free period every monthIf you pay your balance (and your previous month’s balance) in full and on time each month you’ll enjoy up to 56 days’ interest free credit on all purchases.

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No annual feeWe don’t send you a bill just for choosing a Gold Credit Card.

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1% discount on the APRIf you also have an Advantage Gold current account you are guaranteed a 1% initial discount on our standard credit card rate for at least 12 months. Rates variable.
Take control of your cardManage your credit card onlineCheck your balance or make a payment from your computer.

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Worry-free paymentsA Direct Debit means you’ll always pay your bill on time. Settle the balance in full or choose any other amount. However, we don’t recommend just making the minimum payment and you must have sufficient funds to pay your direct debit successfully.

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Credit limit increaseYou can ask us to review your credit limit after you’ve had the card for six months.

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Move funds to a bank accountYou can transfer money from your Gold Credit Card to any UK bank account. You simply pay your money transfer rate from the date of the transfer, and the minimum transfer is £250. See our rates and charges.

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Cash advanceYour Gold Credit Card gives you access to £500 each day, from cash machines around the world. The amount you can withdraw depends on your credit limit, and there’s a 3% handling fee – a minimum of £3.
Family and friendsAdd another cardholderWho do you know that would really appreciate being on your credit card account? Just remember that although they’ll be able to spend on your account, you’ll always be responsible for the card.
SavingsNatWest Wine ClubLook out for cardholder-only offers, as well as the occasional free gift. For more details or to register please call 0870 162 0331*.
TravelNatWest Travel ServiceBook holidays and work trips with a great choice of discounts, including air tickets and hotels.

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Travel supportTurn to us for the lowdown on visas, passports, health and vaccinations before you travel. We can also forward documents or medical supplies while you’re travelling.

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Medical support on your travelsWhether you become ill overseas or have an accident and need immediate treatment, we can arrange essential medical transport. Plus we can arrange for your dependent children to return to the UK.
* Maximum call charge from a BT landline is 6p plus up to 6p per minute. Calls from other networks may vary.

Gold Credit Card

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Summary Box
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
APR Typical 16.9% APR (variable)
Other
Interest Rates Introductory
Rate Monthly Rate Annual Rate
Simple Effective
Purchases 0% for 6 months from account opening 1.313% 15.756% p.a. 16.945% p.a.
Balance
Transfers 0% for 13 months from account opening made in the first 3 months) 1.313% 15.756% p.a. 16.945% p.a.
Cash
Advances n/a 2.075% 24.900% p.a. 27.948% p.a.
Money
Transfers n/a 1.313% 15.756% p.a. 16.945% p.a.
Interest
Free Period Maximum 56 days for purchases if you pay your balance in full and on time, and have paid the previous month’s balance in full and on time
No interest-free period on cash advances or money transfers
Interest-free period on balance transfers only applies to the introductory period.

Interest
Charging
Information The periods over which interest
is charged are as follows:
From Until
Purchases Transaction date Repaid in full
Balance
transfers Transaction date Repaid in full
Cash
advances Transaction date Repaid in full
Money
transfers Date debited to your account Repaid in full
Allocation of
Payments Interest on special offers
Other interest, any fee and charges
Special offers
Purchases and balance transfers
Cash Advances and money transfers
See section 2(D)(c) of your Credit Card Agreement for full details.
Minimum
repayment Each month, the greater of 2.25% of your balance (rounded down to the nearest pound) or £5.
We do not recommend that you only ever make your minimum payment.

Amount
of credit Minimum £300 maximum £20,000. Subject to status.
Fees No annual fee
Charges Cash advances (except gambling transactions): 3%, minimum of £3
Balance transfers: 2.9% (min. £5) during the first three months from account opening
Transactions in foreign currencies (including purchase of foreign currency and travellers’ cheques): 2.75%
Copies of statements: £3
Returned item: £12
To process dishonoured cheque or direct debit: £10

Default
charges Returned payment: £10
Returned Promotional Cheque: £12

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Back to topImportant informationIf you transfer a balance within the first three months, there’s a 2.9% fee – a minimum of £5. We may offer exemptions from the fee from time-to-time, or a different fee in connection with a special promotion.
The balance transfer fee attracts interest at the same rate applied to purchases, and applied from the date charged until the balance is paid off.
You can’t transfer from other Royal Bank of Scotland Group cards. If you take advantage of the 0% balance transfer offer and 0% purchase offer, your monthly payments will be used to pay off your balance transfer first. Typical 16.9% APR (variable).

More: www.natwest.com

National Westminster Bank-Classic Credit Card

Transfer balances, plus a range of discounts
Over 18? Earn over £10,000? Our Classic Credit Card comes packed with benefits – plus transfer up to a limit of 95% of your credit limit.

Interest-free balances and purchases Transfer your balances13 months is a long time in most people’s book. And it’s exactly how long you could be paying 0% interest on your balance transfers – from the moment of account opening.
Simply pay a 2.9% fee when you transfer a balance in the first three months – minimum fee £5. Typical 16.9% APR (variable).
After the introductory period your transferred balances will be charged at your standard rates. Find out more about balance transfers – see our rates and charges.

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Transfer up to a limit of 95% of your credit limitIf your new Classic Credit Card has a limit of £2000, you could switch up to £1900 of your existing balances.

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PurchasesDid we mention the 0% interest on your purchases – for a whole six months from account opening?
After the introductory period, your purchases will be charged at your standard rates. For more about purchases – see our rates and charges.
Financial benefitsInterest-free period every monthIf you pay your balance (and your previous month’s balance) in full and on time each month you’ll enjoy up to 56 days’ interest free credit on all purchases.

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No annual feeWe don’t send you a bill just for choosing a Classic Credit Card.

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1% discount on the APRIf you also have an Advantage Gold current account you are guaranteed a 1% initial discount on our standard credit card rate for at least 12 months. Rates variable.
Take control of your cardManage your credit card onlineCheck your balance or make a payment from your computer.

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Worry-free paymentsA Direct Debit means you’ll always pay your bill on time. Settle the balance in full or choose any other amount. However, we don’t recommend just making the minimum payment and you must have sufficient funds to pay your direct debit successfully.

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Credit limit increaseYou can ask us to review your credit limit after you’ve had the card for six months.

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Move funds to a bank accountYou can transfer money from your Classic Credit Card to any UK bank account. You simply pay your money transfer rate from the date of the transfer, and the minimum transfer is £250. See our rates and charges.

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Cash advanceYour Classic Credit Card gives you access to £300 each day, from cash machines around the world. The amount you can withdraw depends on your credit limit, and there’s a 3% handling fee – a minimum of £3.
Family and friendsAdd another cardholderWho do you know that would really appreciate being on your credit card account? Just remember that although they’ll be able to spend on your account, you’ll always be responsible for the card.
SavingsNatWest Wine ClubLook out for cardholder-only offers, as well as the occasional free gift.
TravelNatWest Travel ServiceBook holidays and work trips with a great choice of discounts, including air tickets and hotels.

Summary Box
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
APR	Typical 16.9% APR (variable)

Other Interest Rates	Introductory Rate	Monthly Rate	Annual Rate
			Simple	Effective
Purchases	0% for 6 months from account opening	1.313%	15.756% p.a.	16.945% p.a.
Balance Transfers	0% for 13 months from account opening made in the first 3 months	1.313%	15.756% p.a.	16.945% p.a.
Cash Advances	n/a	2.075%	24.900% p.a.	27.948% p.a.
Money Transfers	n/a	1.313%	15.756% p.a.	16.945% p.a.

Interest Free Period	Maximum 56 days for purchases if you pay your balance in full and on time, and have paid the previous month’s balance in full and on time No interest-free period on cash advances or money transfers Interest-free period on balance transfers only applies to the introductory period.

Interest Charging Information	The periods over which interest is charged are as follows:
	From	Until
Purchases	Transaction date	Repaid in full
Balance transfers	Transaction date	Repaid in full
Cash advances	Transaction date	Repaid in full
Money transfers	Date debited to your account	Repaid in full

Allocation of Payments	Interest on special offers Other interest, any fee and charges Special offers Purchases and balance transfers Cash Advances and money transfers See section 2(D)(c) of your Credit Card Agreement for full details.
Minimum repayment	Each month, the greater of 2.25% of your balance (rounded down to the nearest pound) or £5.We do not recommend that you only ever make your minimum payment.
Amount of credit	Minimum £300 maximum £20,000. Subject to status.
Fees	No annual fee
Charges	Cash advances (except gambling transactions): 3%, minimum of £3 Balance transfers: 2.9% (min. £5) during the first three months from account opening Transactions in foreign currencies (including purchase of foreign currency and travellers’ cheques): 2.75% Copies of statements: £3 Returned item: £12 To process dishonoured cheque or direct debit: £10
Default charges	Returned payment: £10 Returned Promotional Cheque: £12

Important informationIf you transfer a balance within the first three months, there’s a 2.9% fee – a minimum of £5. We may offer exemptions from the fee from time-to-time, or a different fee in connection with a special promotion.
The balance transfer fee attracts interest at the same rate applied to purchases, and applied from the date charged until the balance is paid off.
You can’t transfer from other Royal Bank of Scotland Group cards. If you take advantage of the 0% balance transfer offer and 0% purchase offer, your monthly payments will be used to pay off your balance transfer first. Typical 16.9% APR (variable).

More: www.natwest.com

National Westminster Bank-Student and professional loans

If you’re a medical student, training to become a solicitor or barrister or studying for an MBA, NatWest has a specially designed loan package for you.

Professional Trainee Loan Scheme

barrister
chiropodist or podiatrist
chiropractor
dentist
doctor
optician
osteopath
pharmacist
physiotherapist
solicitor
veterinary surgeon
You don’t need to make any repayments while studying 1, plus you:
can borrow up to £20,000 (£25,000, if you’re studying full-time for the Graduate Diploma in Law (GDL), Legal Practice Course (LPC) or Bar Vocational Course (BVC))
can draw the loan in one lump sum or instalments
don’t have repayments for at least six months after you finish your course 2
have up to ten years to repay your loan 3
can choose a fixed or variable interest rate
don’t have to pay any arrangement or administration fees
can borrow up to the cost of your course fees if you’re studying part-time for a GDL, LPC or BVC

Professional Trainee Loan Scheme rate Typical APR Fees
Professional Trainee Loan Scheme 7.9% (fixed) No
7.2% (variable) No

Typical examples

Fixed-rate example: if you take out a £15,000 loan over 120 months, with an 18-month repayment holiday, you’ll need to make 101 repayments of £224.24 and one final payment of £223.84. The total amount payable is £22,872.08. 7.9% APR typical.

Variable-rate example: (assumes Base Rate is 5.00%) if you take out a £15,000 loan over 120 months, with an 18-month repayment holiday, you’ll need to make 101 repayments of £216.33 and one final payment of £215.85. The total amount payable is £22,065.18. 7.2% APR typical (variable)

Please note: you can apply if you’re still waiting to hear about your place on your course.

1Early repayment fee may apply. To apply for a loan as an undergraduate, you must be in at least your second year of full-time study. If you are studying to become a solictor or a barrister you must already have graduated from your undergraduate degree and secured an offer of a place on a GDL, LPC or BVC course before you can formally apply, although you may discuss your proposed application with us at any time. If a repayment holiday is agreed, interest will continue to accrue during this period.
2 Length of repayment holiday after you’ve finished studying is dependent on course taken and your particular circumstances. For more details, please speak to a Graduate Manager.
3 Total term of the loan, beginning from the first drawdown date must not be more than ten years. You don’t need to bank with us to apply, but in order to take out the loan you’ll need to open and maintain your main banking relationship with us.

Professional Trainee Loan (PTL) for College of Law students

Get help covering your costs while studying for your Graduate Diploma in Law (GDL), Legal Practice Course (LPC) or Bar Vocational Course (BVC) at the College of Law with our preferential interest rates.

You don’t need to make any repayments while studying 1, plus you:
can borrow up to £25,000, if you’re studying full-time
can choose a fixed or variable interest rate
can draw the loan in one lump sum or instalments
use up to £3,000 to repay existing debts
have up to ten years to repay your loan 2
don’t have to pay any arrangement or administration fees
Please note: this loan is available to full- or part-time students of the College of Law studying the GDL, LPC or BVC.

PTL for College of Law students rate Typical APR Fees
College of Law loan 7.9% (fixed) No
7.2% (variable) No

Typical examples

Fixed-rate example: if you take out a £15,000 loan over 120 months, with an 18-month repayment holiday, you’ll need to make 101 repayments of £224.24 and one final payment of £223.84. The total amount payable is £22,872.08. 7.9% APR typical.

Variable-rate example: (assumes Base Rate is 5.00%) if you take out a £15,000 loan over 120 months, with an 18-month repayment holiday, you’ll need to make 101 repayments of £216.33 and one final payment of £215.85. The total amount payable is £22,065.18. 7.2% APR typical (variable)

1Early repayment fee may apply. If a repayment holiday is agreed, interest will continue to accrue during this period.
2Total term of the loan, beginning from the first drawdown date must not be more than ten years. Length of repayment holiday after you’ve finished studying is dependent on course taken and your particular circumstances. For more details, please speak to a Graduate Manager. You don’t need to bank with us to apply, but in order to take out the loan you’ll need to open and maintain your main banking relationship with us. You need to be a UK or EU national to apply.

BPP Law School loan

Get help covering your costs while studying for your Graduate Diploma in Law (GDL), Legal Practice Course (LPC) or Bar Vocational Course (BVC) with our Professional Trainee Loan Scheme for BPP Law School students.

You don’t need to make any repayments while studying 1, plus you:
can borrow up to £25,000, if you’re studying full-time
can draw the loan in one lump sum or instalments
have up to ten years to repay your loan 2
don’t have repayments for at least six months after you finish your course 3
can choose a fixed or variable interest rate
don’t have to pay any arrangement or administration fees
can borrow up to the cost of your course fees, if you’re studying part-time
Please note: this loan is available to full- or part-time students of a BPP Law School studying for a GDL, LPC or BVC.

Professional Trainee Loan Scheme for BPP Law School students Typical APR Fees
Professional Trainee Loan Scheme
for BPP Law School students rate 7.9% (fixed) No
7.2% (variable) No

Typical examples

Fixed-rate example: if you take out a £15,000 loan over 120 months, with an 18-month repayment holiday, you’ll need to make 101 repayments of £224.24 and one final payment of £223.84. The total amount payable is £22,872.08. 7.9% APR typical.

Variable-rate example: (assumes Base Rate is 5.00%) if you take out a £15,000 loan over 120 months, with an 18-month repayment holiday, you’ll need to make 101 repayments of £216.33 and one final payment of £215.85. The total amount payable is £22,065.18. 7.2% APR typical (variable)

Please note: you can apply if you’re still waiting to hear about your place on your course.

1 Early repayment fee may apply. If a repayment holiday is agreed, interest will continue to accrue during this period.
2 Total term of the loan, beginning from the first drawdown date must not be more than ten years.
3 Length of repayment holiday after you’ve finished studying is dependent on course taken and your particular circumstances. For more details, please speak to a Graduate Manager. You don’t need to bank with us to apply, but in order to take out the loan you’ll need to open and maintain your main banking relationship with us. You need to be a UK or EU national to apply.

MBA loan

If you’re taking an MBA course approved by the Association of Masters in Business Administration (AMBA), you can take advantage of our preferential interest rates on an MBA loan, which could help with your expenses.

With an MBA loan you can borrow up to two-thirds of your gross annual pre-course salary plus course fees (less grants) 1 and you:
can have up to seven years to repay a loan up to £20,000 1
can have up to ten years to repay a loan over £20,000
can borrow up to £10,000 if you’re a distance learner 2
can start repaying your loan three months after course completion 3
can pay off your loan early or make additional lump sum repayments without penalty
don’t need to be an existing customer to apply 4

MBA loan rate Typical APR Fees
MBA loan 7.4% (variable) 1% of loan amount, payable to AMBA

Please note: you need to be a UK resident graduate (and have spent at least 3 years in the UK), with a confirmed place on an MBA course approved by the AMBA and have at least two years’ experience in industry or commerce. If you don’t have a degree, you need to have had at least five years’ experience.

Typical example: If you take out a £25,000 loan with a £250 arrangement fee (added to the loan), including a 15-month repayment holiday without insurance protection, you’ll need to make 104 repayments of £350.40 and one final payment of £351.23. The total amount payable is £36,792.83. 7.4% APR typical (variable).

1 Maximum term for distance learners is ten years. You need to contribute 20% of your total course fees from your own funds.
2 Part-time and distance learning students can borrow for course fees and study equipment only.
3 One month after drawdown, if you’re a distance learner. If you’re a full- or part-time student, repayment begins three months after course completion. If a repayment holiday is agreed, interest will continue to accrue during this period.
4 In order to take out an MBA loan, you’ll need to open and maintain your main banking relationship with us. An arrangement fee of 1% of the value of your loan will be payable to the AMBA. This fee can be added to your loan or paid separately. Special conditions apply to part-time or distance learners. Please enquire for further details.

More: www.natwest.com

National Westminster Bank-Graduate loans

Simplify your finances and enjoy preferential rates if you’re a NatWest Graduate Account holder.

You can use a Graduate loan for almost any purpose, plus you:
have a fixed rate so you know what your repayments are each month
could have up to a 4 or 12 month repayment holiday at the start of the loan 1
can have up to five years to repay a loan up to £9,950 or up to seven years to repay loans of £10,000 to £15,000 2
don’t have to pay any arrangement or administration fees

Graduate loan rate Typical APR Fees
Graduate loan 8.4% No

Typical example

If you take out a £5,000 loan over 60 months, you’ll need to make 59 repayments of £101.60 and one final payment of £101.79. The total amount payable is £6,096.19. 8.4% APR typical.

1 12-month holiday can be applied for if you’re travelling for a year before taking up confirmed full-time employment. If a repayment holiday is agreed, interest will continue to accrue during this period.
2 Maximum five-year repayment period for refinancing loans.

More: www.natwest.com

National Westminster Bank-Personal Loans

Borrow from £1,000 to £25,000 with our fixed-rate personal loan. And get a rate of 8.4% APR typical for loans of £20,000 or more.

Plus our optional Personal Loan Protector could make your repayments if you can’t. It’s five star cover, independently rated as being in the top 10% of the market.

Personal Loan Protector

Life has a habit of surprising us. Make sure you’re ready if you have a sudden illness, injury or become unemployed.

At a glance
Be prepared – cover your loan repayments if you can’t
Broad cover – you’re protected in the event of accident, major illness, involuntary redundancy, and death. Retired? There’s life and hospitalisation cover
Five star protection – independently rated by Defaqto

Who can apply?
To apply for Personal Loan Protector, you’ll need to be:

The first named borrower on the loan agreement
Over 18 years and under 75
We offer cover for two distinct groups:

Those in full-time employment, on statutory maternity leave or self-employed for 16 hours or more per week. Note: You must be unaware of any impending unemployment which may result in a claim. The insurers will not pay any benefit directly relating to unemployment where you had knowledge of this event before applying for the loan
Those who are retired

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What am I covered for?
1: I am in full-time employment / on statutory maternity leave / self-employed.

Personal Loan Protector can cover your monthly payments if you are certified by a doctor as unfit to work for 14 consecutive days.

You’re also covered if you’re made involuntarily redundant. You need to register with the Employment Service and receive National Insurance Credits for at least 14 consecutive days. You’re not covered if you take voluntary redundancy.

2: I am retired

Personal Loan Protection can cover you for life and hospitalisation cover.

Hospitalisation cover means that your monthly payments can be paid if you are confined to a hospital as a result of an accidental bodily injury for a continuous period of 7 days.

 

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How long will I be covered?
You can claim for a maximum of 12 months for unemployment, and 60 months for accident or sickness.

However, if a medical specialist diagnoses you as suffering from a ‘major illness’, the insurers can pay the outstanding balance on your loan (except for any arrears).

With hospitalisation cover, the benefit can be paid until the earlier of the following: 3 months benefit has been paid in any one claim; the period of confinement to hospital has ended; the loan is repaid.

 

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What if I die?
It’s not a question any of us would like to ask. However, Personal Loan Protector could pay the outstanding balance remaining on your loan (except for any arrears). Some causes of death are not covered.

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I have some medical problems. Am I covered?
Yes. If the claim is under the accident and sickness cover on the policy, and you have a pre-existing medical condition, you are covered.

If you are retired, we can cover a hospitalisation claim if you have had a pre-existing medical condition.

 

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What is the maximum loan amount I can cover?
£25,000

 

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When does Personal Loan Protector pay out for hospitalisation cover?
After a continuous period of seven days confined to hospital.

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How many people can be insured on a joint loan?
You can only insure the first named borrower.

 

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What are the main exclusions of Personal Loan Protector?
As with all insurance policies there are exclusions to the Personal Loan Protector cover. Make sure you read and understand the exclusions and policy conditions before you apply.

Some of the main exclusions are:

Unemployment arising before or within 30 days of the date you signed your loan agreement
Voluntary unemployment
Pregnancy or childbirth, unless either of these develops into complications which is diagnosed as such by a doctor or consultant who specialises in obstetrics
Alcohol, drug abuse or your own misconduct

More: www.natwest.com

Northern Bank-Parent Study Loan

The Northern Parent Study Loan is a Variable Rate Personal Loan that has been specially designed to support students who are studying in a valid full-time 3rd level education course and have children under the age of 18.

The purpose of this attractive Personal Loan is to support student parents who might otherwise be at risk of being unable to complete their studies due to financial constraints. It has been designed to give these students, who are often squeezed financially, a little extra on a monthly basis. This in turn will hopefully enable them to complete their studies and further their careers. The initiative is a part of Northern Bank’s ‘Financial Literacy and Education Investment Programme’.

This loan offers £100 every month, for the duration of your course. During this time you will not be asked to make any Personal Loan repayments although interest will be applied at the very low variable rate of 2% p.a. (typical 3.6% APR variable).

In order to receive the £100 monthly payment, you must have a Northern Bank current account. If you do not already have a current account, you can choose from our range of current account packages. Read more about our current account packages.

If you would like to get a better overview of your finances we have created a useful budgeting calculator.

Typical Example

If you take a Parent Study Loan over 96 months, consisting of 36 monthly payments of £100, followed by a 24 month repayment holiday, you will need to make 35 monthly repayments of £119.06 and one final repayment of £118.87. The total amount payable is £4,285.97. Typical 3.6% APR Variable.

The Northern Parent Study Loan is a Variable Rate Personal Loan which consists of three phases:

Phase 1 – The Drawdown Period – where we will pay you £100 per month for the duration of your course (minimum of 1 year and up to a maximum of 6 years). During this time we will not ask you for any repayments but we will apply a very low variable interest rate, currently 2% p.a. (typical 3.6% APR variable).
Phase 2 – The Grace Period – a period of 2 years. During this time, we will no longer make any payments to you and we will not ask you for any repayments but we will apply a very low variable interest rate, currently 2% p.a. (typical 3.6% APR variable) .
Phase 3 – The Repayment Period – a repayment period of 3 years. In this period, you will repay the loan in 36 monthly instalments. During this time we will apply a competitive variable interest rate, currently 7% p.a. (typical 3.6% APR variable).

You can always repay the loan in whole or part of the loan without any Early Repayment Charges.

You can also use the calculator as preparation for your meeting or phone call with us.

Typical Example

If you take a Parent Study Loan over 96 months, consisting of 36 monthly payments of £100, followed by a 24 month repayment holiday, you will need to make 35 monthly repayments of £119.06 and one final repayment of £118.87. The total amount payable is £4,285.97. Typical 3.6% APR Variable.

Eligibility Criteria:
You must be aged 18 years or over
You must be a parent / guardian and / or have financial responsibility for a child who is under the age of 18 years*
You should be enrolling or be an active student on a valid 3rd level education course that has a minimum of 1 and a maximum of 6 years to completion*
You must have been ordinarily resident in Northern Ireland for at least 5 years

* written evidence will be required
Typical example for a Northern Bank Parent Study Loan with
Phase 1 (Drawdown) Periods of 2, 3 or 4 years
Basis:
Monthly drawdown £100
Variable interest rate, Drawdown Period 2% p.a.
Variable interest rate, Grace Period 2% p.a.
Variable interest rate, Repayment Period 7% p.a.

Drawdown period – number of months 24
Total duration of the loan 7 years
Principal £2.400
APR Variable 3.7%
Monthly repayment amount in repayment period £78.58

Drawdown period – number of months 36
Total duration of the loan 8 years
Principal £3.600
APR Variable 3.6%
Monthly repayment amount in repayment period £119.06

Drawdown period – number of months 48
Duration of the loan 9 years
Principal £4.800
APR Variable 3.4%
Monthly repayment amount in repayment period £160.36

Important information: Applicants must be 18 years or over. Loans are subject to status. Written quotations are available on request.

Repayment examples are provided as a guide only. The final repayment may differ slightly.

Typical Example

If you take a Parent Study Loan over 96 months, consisting of 36 monthly payments of £100, followed by a 24 month repayment holiday, you will need to make 35 monthly repayments of £119.06 and one final repayment of £118.87. The total amount payable is £4,285.97. Typical 3.6% APR Variable.

Terms and Conditions apply

More: www.northernbank.co.uk

Northern Bank-Fixed Rate Personal Loan

Fixed Rate Personal Loan

There’s never been a better time to take out a Northern Bank Fixed Rate Personal Loan. Talk to us about our competitive rates.

Attractive rate of interest
With attractive interest rates, whatever you’re planning to do – from clearing your credit cards, store cards or overdraft balances to upgrading your kitchen or buying that dream car – a Fixed Rate Personal Loan from Northern Bank could help.

A loan can be helpful in many ways: you can buy goods or services immediately, or you can use the money to help you organise your monthly budget, so you’re not paying out more than you should.
Discount is available for Northern Freedom, Choice Plus and Prestige customers.

Terms tailored to your circumstances
We can help you borrow the amount you need – from £1,000 to £25,000. Simply tell us how much you’d like to borrow and the amount you can afford to repay each month, and we’ll help you find the loan that suits your personal circumstances. Interest rates are scaled according to the amount of the loan requested and your circumstances.

Stay in control with fixed rates
You’ll know exactly where you stand from day one because the same low rate of interest is applied throughout the term of your loan. The rate will remain fixed, and even if interest rates rise you can budget confidently knowing that your repayments will always be the same each month.

Your Fixed Rate Personal Loan at a glance

Choose any amount from £1,000 to £25,000 in multiples of £250.
Spread your repayments over one to five years.
Typical 9.9% APR (for loans over £5,000).
Fixed monthly repayments.
You’ll get a quick decision.
We can pay the money straight into your Northern Bank account.
For amounts less than £1,000, you might wish to consider a Northern Bank credit card.

Talk to us about a Fixed Rate Personal Loan
Call 0800 66 00 33* or ask at any branch for details.

* For security purposes and to improve our services, calls to the numbers shown may be recorded or monitored.

Important information
Applicants must be 18 years or over. Loans are subject to status, and the rate and term at which we lend will reflect our assessment of your personal circumstances, your chosen loan amount and your loan purpose. Written quotations are available on request.

Repayment examples are provided as a guide only. The final repayment may differ slightly.

The interest rate is tiered on the basis of the loan amount requested, excluding any amount for Repayment Protection Insurance. Any amount borrowed for Repayment Protection Insurance will be deducted from the total loan advanced.

Northern Bank Limited. Registered in Northern Ireland, No. R568. Registered office: Donegall Square West, Belfast BT1 6JS Contact
Get in touch with your local branch. Find your branch.

More: www.northernbank.co.uk