Your Loan Payment Break

Extend your loan payment break for up to 3 months

Your Information

We collect and process various categories of personal and financial information throughout your relationship with us, to allow us to provide our products and services and to run our business. For more information about how we use your personal information, the types of information we collect and process and the purposes for which we process personal information, please read our Privacy Notice.

We may update this from time to time and we encourage you to visit our website regularly to stay informed of the purposes for which we process your information and your rights to control how we process it.

Loan Account Number * Enter your loan account number.

We are able to consider a further payment break for up to 3 months. Over how long would you like your payment break *

Title *

First Name *

Surname *

Date of Birth *

Email Address

Phone Number *

Please provide us with some detail on what is impacting your ability to repay *

Reason you cannot afford to resume full monthly repayments * If more than one are applicable, choose other and specify below

Please specify

Employment Status * Choose the option that best describes your employment status

Please give details of your employment/furlough situation *

What is your occupation *

What industry do you work in *

Is this a joint loan?

Yes

Party 2 - Title *

Party 2 - First Name *

Party 2 - Surname *

Party 2 - Date of Birth *

Party 2 - Email Address

Party 2 - Phone Number *

Party 2 - Reason you cannot afford to resume full monthly repayments * If more than one are applicable, choose other and specify below

Party 2 - Please specify *

Party 2 - Employment Status * Choose the option that best describes your employment status

Party 2 - Please give details of your employment/furlough situation *

Party 2 - What is your occupation *

Party 2 - What industry do you work in *

How do you think your income will change in the next 3 months *

How long will your income be affected If your income is only affected temporarily, please state when you expect this to return to normal (if known)

In what currency are you providing your Income figures? *

Currency Please specify

What was your net monthly household income before it was impacted *

What is your current net monthly household income? *

How much was your usual monthly loan repayment? *

Consent
We would like to record your financial vulnerability on our records to ensure that you receive consistent service and support from all of our colleagues. This information will only be used for this purpose and will only be shared with other NatWest Group companies as necessary. Once you are no longer financially vulnerable, we will remove this from our records.

I/we are happy for you to record this information *

Yes

Important
This arrangement does not affect any other terms and conditions of your loan account. It is important that you are aware that under this arrangement you are not paying your usual monthly repayments. This means that the balance of your loan account will not reduce during the agreed period of time in which all repayments are suspended and you will need to make up this shortfall in future. In addition, you will pay more interest on your total loan balance as you will not be making full contractual repayments on your account during this arrangement.

We may be obliged to report any shortfall in payments, including the arrangements agreed above, to Credit Reference Agencies. This may affect your ability to obtain credit from other lenders.

For further information on the impact you should speak with an independent debt advice agency who can give you support and advice.

Details of free money advice agencies (PDF, 29KB)

I/We confirm that the above information has been read and understood *

Yes

I/We understand that interest will continue to accrue on the loan and that this will include an element of interest being charged on interest *

Yes

I/We understand that the term of the loan remains the same * For example, two years, three years, etc.

Yes

I/We understand that my future loan repayment amount will increase to ensure that my loan is repaid by the new completion date *

Yes

Thank you for your submission

We may need to discuss your arrangements with you further, if so we will contact you within 5 working days to arrange a convenient time. Otherwise we will confirm your new arrangements via email.

We may also require the following items to process your request:

Income and Expenditure
Bank Statements

To ensure that your request is not unnecessarily delayed we would suggest that you start preparing this information now.

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