If you have a Graduate account with an arranged overdraft limit of £3,250 following the first year after graduation and you use all of this, you will be charged arranged overdraft interest at 39. Earn up to 15% cashback (you need to register for online banking and activate Cashback Extras ). Apply or manage your overdraft; Student overdraft; Graduate overdraft; Help with overdrafts . I currently have £0 deposited… WVL. July 1st of following year and the overdraft is not reduced, only the amount that is. Already have overdraft increased to 2k for my post grad degree starting in september. I have a natwest student (or could be graduate by now) account as my main current account. Compare our accounts to find one that's right for you. Overdraft: Both NatWest and RBS allow for an interest free overdraft up to £2000,. Manage your credit card. Your old account will be closed. Up to 15% cashback at some of your favourite retailers. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're. Same day electronic transfer. If these conditions aren't met then they are likely to close off your account. Why apply for our Student bank account? Interest-free overdraft up to £1000 with an instant online decision. The maximum Student overdraft is £3,250. Subject to status and a full credit assessment. A video chat with one of our friendly senior personal bankers could help you review your money situation. Students can apply for up to £3,250 interest-free from year three onwards. 9% – but you don't have to make repayments for the. not have a student account, or a current account with an arranged overdraft, with another building society or a bank (though you may be able to switch either to Nationwide) have been accepted onto a full-time UCAS course of at least. For the security of customers, any unauthorised attempt to access customer. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. They work like a normal current account but have extras designed to make student life a little easier, such as interest-free overdrafts. Mobile app required and available. Apply today and you could get a £500 interest free student overdraft for term one year one, with the option to increase up to £2,000 term two year one. 2 Offer ends 18 December 2023. When do I have to pay back the overdraft? Once you have completed your studies, the bank may transfer the account onto a graduate account. Register your card in the mobile app before you go. You'll also get your hands on a contactless debit card. You can also set up alerts by calling us or talking to us. Check your balance, send money and even earn rewards 1. 13. Classic Account, Silver Account, Gold Account, Platinum Account, Premier Account (including all Vantage options), Student Account, Graduate Account, Reward Current Account, Ultimate Reward Current. I recently applied for a NatWest student account as it would give £100 once the account was opened. We are taking steps to support our customers to pay more towards their credit card balance and manage their finances better. You just go into your local branch and say you want an overdraft. If you’re 17 or over and heading to university, NatWest’s Student Bank account offers discounts and an interest-free overdraft. I applied for a Natwest student account a few days ago and got accepted. As a postgraduate student, you’ll be responsible for managing your own student finances. Hi all. We've ranked and reviewed the best student bank accounts as well as the top graduate accounts on offer. Students also have the option to request an interest-free overdraft of up to £500 in their first term which can be increased to £2,000 in. Log in to NatWest Online Banking. Subject to lending criteria. All data provided by TransUnion. 0. No Charge. Here's what students in the survey said about their views and experiences with overdrafts:TSB's Student account offers an interest-free overdraft of up to £1,500. If you have a Graduate account with an arranged overdraft limit of £3,250 following the first year after graduation and you use all of this, you will be charged arranged overdraft interest at 39. You can then select My Overdraft. If you are unsure how the interest or charges work, please read more about our rates & charges. In the third year of your Graduate account, you could benefit from up to £1,250 interest-free arranged overdraft. The first year is tiered: £500 in your first term to £2,000 in your second. ›Budgeting & bank accounts. Only individuals who have a NatWest account and authorised access to Online Banking should proceed beyond this point. Please Help. I have a Natwest Student account with £1400 Overdraft at its limit! I just Graduated This Year and have been told that my account will be changed to a Graduate Account. I have a natwest student account that has become a graduate account, which originally had a £2000 overdraft limit. Overdraft Rate (EAR) N/A. Natwest and RBS. The graduate account currently offers a £2k interest free overdraft for 1 year dropping to £1k for a further year. Your overdraft limit will stay the same for another year. Your arranged overdraft is interest-free with a FlexStudent or FlexGraduate account. you have held a Student Current Account with Halifax; you do not deposit at least £500 into your account by 31st October 2023. A student overdraft (much like a ‘normal’ overdraft) is effectively a mini loan designed to see you through times when you need a little extra cash to make ends meet. Interest free overdraft while you study. Hi guys, so I used my NatWest student bank account's arranged 0% interest overdraft today, and used the max, so £2000. Account holders are able to access the HSBC 5. You can only hold a maximum of 1 Reward account in your name, and 1 joint names. Overdrafts are great for students, as part-time work can come and go as academic work picks up, and there may be. Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one. Hi, I started uni in Sept 2018 and opened a Natwest student account that I am £2000 overdrawn on. All of our current accounts offer an arranged overdraft, except FlexBasic. 9% EAR variable Graduate Bank Account (opened between 16 July 2007 and 18 July 2008) Yr 1 – £1500 Yr 2. Student, Graduate or Select account. One key benefit of the NatWest student account is that it also comes with a £2,000 interest-free overdraft. 3. Never had any problems with Natwest in that time. Halifax Student account: NatWest Student account: Apply: Anytime during studies: Anytime during studies: 0% overdraft years 1-3: Up to £1,500: Up to £2,000 in year 1 Up to £3,250 in year 3 : Overseas use: Up to £1. I understand that you may at any time at your discretion, on giving written notice to me, amend the limit on any arranged overdraft (and that overdrafts are only available to applicants aged 18 years or over). Interest-free overdraft - get an overdraft of up to £2,000 from year one (Limited to £500 in term one year one), with an instant online decision. London, United Kingdom. Also remember that overdrafts are technically repayable upon demand - the bank can give you 30 days notice and then you are legally required to repay them the outstanding balance. Subject to status and a full credit assessment. Different Kinds of Natwest International Student Accounts offered. Overdrafts guide; Overdraft eligibility calculator; Overdraft cost calculator. Yes (NatWest) Student and Graduate accounts ;. There are larger overdrafts with some other student accounts. . i was informed over the telephone that due to me graduating several years earlier i was no longer entitled to the graduate. But the good news is that you can still apply for a NatWest Select Account, which is a great choice in its own right. We can arrange same day electronic transfer of funds (CHAPS) between bank accounts in the UK. If you are an Online Banking customer and complete the form using your log in details, we complete many of the fields for you. *Eligible students in third year onwards can apply for up to £. They'll automatically change unless you evidence further study. What features do NatWest current accounts have? An arranged overdraft: the limit you get will generally depend on your circumstances, including your credit rating how much you earn. If you already have an arranged overdraft limit on your account that you feel is too low or too high, we could help you change it. Up to £2,000 in your 3rd year and any further years of. An overdraft lets you borrow extra money through your current account. 9% EAR on overdrafts of over £1,500. Graduate bank accounts are designed as a stepping stone to give you some time to pay off your overdraft without interest before entering the big bad world of regular fee-charging overdrafts. Select ‘Send money’, ‘Make a payment’, then choose who you want to pay from your payee list. Yeah they reduce the interest free overdraft over three years once you've graduated. Use of your account For any 1I2I3 Graduate Current Account opened on or after 26 June 2017, the account will last up to 2 years before it automatically transfers to an appropriate current account. This starts with up to £500 during your first term. I have a natwest student account that has become a graduate account, which originally had a £2000 overdraft limit. Banking from home. Industry: Financial services: Founded:. ›Budgeting & bank accounts. To apply, you need to be 18+ and a UK resident and have ONE of the following: Pay a minimum £100k sole income or £120k joint income paid into a NatWest account. The Royal Bank student account makes things easier. With the HSBC Graduate Bank Account you'll get: You may be eligible for an overdraft facility, of which £3,000 will be interest-free during your first year and £2,000 in your second year after graduation. was gona do it through aliance and leicester but they keep refusing to give me an overdraft on my normal account with them so figured thered be no chance of getting a student account with. Unfortunately, for all other. You should receive about 1200. The minimum overdraft limit you can have is £250. I had paid it off in the time scale specified and then they changed it to a Select account, where I would be charged if I went into my overdraft again. Just thought I'd get this out there, in case anyone here knows any students using NatWest for their student accounts. Now I'm in my 2nd year of Uni and after maxing out everything (1,000. Overdraft. ##. Open a student bank account. 5. Graduate accounts may continue to offer a low or interest-free overdraft facility which decreases over time, giving you the opportunity to. Act Now Alerts will tell you when you go into an unarranged overdraft or are about to have a payment rejected. Same day electronic transfer. Our Overdrafts. then as part of their student account policy at the end of the first year you will have an overdraft of £1000. Hi everyone, I'm going into my 2nd year of uni now and I'm looking to get a student account, Natwest seems to be the best as they offer a £2000 overdraft along with other perks for joining. City. You can still borrow. How graduate bank accounts work. Find out more. If your application is approved,. But, unlike a student account, the limit reduces - typically every 12 months. Natwest have contacted me about my student account which will be automatically changing to a graduate account soon, and I have a year until my overdraft stops being interest free so definitely aiming to pay that off before they start charging interest. Finally, once you graduate, you’ll be automatically migrated to a Graduate Account,. You’ll also earn interest at an agreed rate. So it goes a bit like this. I have 2 small kids and my husband supports us all financially but with the rising costs of just about everything, it would be nice to have it there for emergency purposes!! The only. Representative 0% APR (variable) Buy Now Pay Later is a credit product. Basically, you’ll need to pay back at least £1,000 a. Graduate student and student overdraft. RBS and NatWest latest to hike overdraft rates. Minimum opening balance: £1: Minimum operating balance. Yep totally free, I graduated and extended it to £2000, then it was reduced to £1000 after 1 year. Benefits of the NatWest Student Account. Graduate Current Accounts - Four Star. 81% (NatWest)) if they are. See all our bank accounts; Everyday bank account; Reward bank account; Student bank account; Child & Teen bank account; Premier bank accounts; OverdraftsIf you’re using a Natwest student or graduate current account, you’ll be glad to hear that those accounts have a 0% interest rate on overdrafts. If the NatWest overdraft is the same as 10 years ago, you can keep this account overdrawn while you are a student with no fees. This charge also applies to providing details of paid cheques. £23 - between banks. If you have money guaranteed to come in, then they'll be more likely to give you an extended overdraft. The minimum overdraft limit. easy-to-manage account, manage my account. What Are Natwest’s Overdraft Interest Rates? If you’re using a Natwest student or graduate current account, you’ll be glad to hear that those accounts have a 0% interest rate on overdrafts. Payments OpenClose. The arranged overdraft limit can be up to £510 for the first 6 months, than you can apply to increase it up to £1010 in your 7th to 9th month of studying, and from the 10th month you can apply to. 48 votes, 85 comments. I have all my student finance sorted but like the idea of opening a student account to take advantage of the overdraft. Mortgage. Now, I'm in my first term, and running low on cash. Hi im 28, and about to start a 3 year degree in September. Students in all other terms and years of study can apply for up to £2,000. It allows you to withdraw more money from your student bank account than you have on your balance, up to a fixed limit. But the figure declined to £437. Since student bank accounts offer generous interest-free overdrafts, students dip into. Log in to NatWest Online Banking. In year one it can be up to £1,000, then £2,000 for year two and £3,000 for year three and beyond. Good: - Interest-free overdraft is still high (£1,000) after three years. Select 'Card payment controls' from the options on the screen. Following the second year after graduation you’ll be charged interest at 39. If you have a Natwest student account, it'll be automatically changed to a graduate account once you've graduated. Specific account eligibility criteria applies. my account is with natwest for my student banking and it turns out they have been charging me interest since june at least on my overdraft. I took it out in 2003 when i went to uni, and got given a £1400 interest free overdraft at that time. I have searched my bank's website, but its…A student overdraft is a financial arrangement offered by banks to students in the UK. No Charge. Consider bankruptcy. Open a student bank account. If you are an International Student then please start a thread and I can advise on your thread. Already have overdraft increased to 2k for my post grad degree starting in september. Act Now Alerts. NatWest is also offering a freebie to new students in the form of £100 in cash and a 4-year Tastecard. I kept my santander student account with the £2000 overdraft as a graduate account during my PGCE, and they let me keep the overdraft when I finished. Free 12-month subscription to online library Perlego. With some accounts, you can access your cash whenever you. All Banking. otherwise you might find that a cashback offer is undone by a high account or overdraft. 9% EAR variable Graduate Bank Account (opened between 16 July 2007 and 18 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 9. I've had to change my circumstances as I now live with my mum and student finance is based on her income. 49% on £1250 of the £3,250. Not sure about when you change from student account to graduate, however. call 08457 888 444, select loans and overdrafts then student overdrafts, ask them to increase. You’ll need to have a student current account as well, and be over 18. Support centre. From…Get £100 by opening an account and depositing at least £500 by 31 October 2023. N/A. A minimum £100k savings or investments held with us. Manage your car insurance. 49% APR (variable)To apply for FlexStudent. You can also claim free £100 in cash paid into your account, 0. About half a million students start uni each year, so assuming 75% take up a student account (free rail pass!), then later, 5% fail to pay back the overdraft and incur £250 of interest payments, that means that 500000 * 0. According Natwest's site the student account is turned into a graduate account when you graduate. RBS Group, which owns NatWest and the Royal Bank of Scotland (RBS), started writing to affected customers from 15 August informing them that they were wrongly. What Are the Benefits of Natwest’s Overdraft. ². I have recently tried applying for an overdraft, well started filling the forms out online, I got to the page requiring me to enter the limit I wanted (£500) and I noticed a message saying "Your application for an overdraft is unlikely to be accepted at the moment" So I've held off from applying as I don't want a rejected overdraft request recorded on. NatWest Student Account. Overdrafts guide; Overdraft eligibility calculator; Overdraft cost calculator;. This is needed for both you and the party you are adding to the account. We no longer offer our Student credit card but our Student overdraft could give you a short-term safety net if you’re low on funds. Natwest offers arranged overdrafts to students who have lived in the UK for a minimum of 3 years. From mobile, select ‘Overdrafts’ from your bank account menu, or click the ‘Your Overdraft options’ link. (variable) upon application. HSBC, Natwest and RBS are offering cash bribes of up to £80 to students. Hi guys, so I used my NatWest student bank account's arranged 0% interest overdraft today, and used the max, so £2000. A student account only remains a student account for so long and you say it was. The idea of a savings account is that it’s a pot of money you leave alone, gradually building up over time. After proving you're in education, they should give it to you (it automatically updates your account). A free Financial Health Check with one of our staff is a great way to do that. 99 per year)*. However, I'm in quite a difficult situation at the moment. Graduate Bank Account (opened up to 31 May 2007 and from 19 July 2008) Yr 1 – £1500 Yr 2 – £1000 Typical 19. Check my credit score. NatWest/RBS student bank account - get up to a £. I'm a recent uni graduate and whilst I do not have a job yet, I am pretty far into my overdraft (due to rent from my third year, even though I had a…NatWest - Graduate Royal Bank of Scotland - Graduate. You’ll get 3% AER on your in-credit balance of £300-£2,000. Then standard rates apply. Tell them before they realize. * From 2nd October 2023, those who graduate in 2022 and 2023 can apply for up to £3,250. HSBC. RBS’s 0% overdraft has a high ceiling of £3,250 by your third year and the chances of obtaining it (eventually) are quite high. For example, if you have no money left in your account and you spend £30, your balance would be -£30. Tens of thousands of people who held a student current account with RBS or NatWest between 2002 and March 2016 are due to receive a refund of overdraft charges. The Graduate account can have an Overdraft of £2000 but only if you ask for it to be increased. Your current address. Then, once you have paid £500 into your account, you’ll receive the allowances below. This is a guide to what NatWest offer Students for 2008/09. Available to over 18s only. Although this account was brilliant when I was an undergraduate, since graduating it has been extremely unhelpful! I am studying for a pgce currently, but Natwest do not take this into account. But from late March or early April this will change across seven current accounts offered by both banks – the flat fee will be scrapped, and the interest charged will vary from 19. Natwest International Student Account has a lot of benefits like arranged overdrafts for eligible students’ accounts and other perks. Natwest advertise as part of their student account a free student rail card for 5 years. i. you will get charged, and then charged interest on it until you come back within your limit. NatWest Student Account. Interest-free arranged overdraft of up to £1,500 – for the duration of your course and three years after you graduate. Start with just £50 and top-up with as little as £10. Graduate Programme. 03. I understand that I need to register to online banking and select Paperless Statement in order to get full access to our student benefits. Book yours today. Graduate accounts usually come with a 0% overdraft for at least two years. Fact checked. Students can apply for up to £3,250 interest free from year three onwards. Not only does this account offer a large 0% overdraft, but it will remain interest-free for 3 years after you graduate. The graduate account currently offers a £2k interest free overdraft for 1 year dropping to £1k for a further year. Christa1 Forumite Posts: 286 Forumite. easy-to-manage account, manage my account. Job Type. The first is through NatWest Rooster Money which is our pocket money app for kids. Your student account comes with an interest-free overdraft that you can request to increase each year you're studying. Always use a safe way to pay. To qualify for the NatWest Account you must be: Aged 17 or over; A UK resident;. While NatWest doesn't charge student borrowers its new overdraft rate of 39. An arranged overdraft is when we agree to a limit that lets you spend a bit more money than you have in your current account. earn at least £10k per year, be a UK resident, a NatWest current account holder and must not already have NatWest Buy Now Pay Later. 99 per year)*. NatWest will notify you about this ahead of time and it doesn’t require any action on your part, so it’s an easy transition. The TSB student account offers an overdraft facility, and there’s no interest to pay if you keep below the limit you’ve agreed with the bank. Customer Service. Up to £2,000 Interest-free arranged overdraft from year one (limited to £500 in your first term). F 7 667585 27/2/08 13:54 Page 2 PROOF 7 Graduate Accounts Current Account Loan Credit Zone Overdraft Overdraft Repayment Plan Application Form client account THE ROYAL BANK OF SCOTLAND RBK-LITERATURE. Similar account perks include the ability to pay on the move with Apple or Google Pay, online banking, mobile banking, and Paytm connectivity. Use of your account Your 1I2I3 Graduate Current Account will last up to 2 years before it automatically transfers to an appropriate current account. Help with everyday banking. Only TSB can tell you about their student overdraft and lending criteria. If your application is approved, you can get up to £500 in the first term and up to £2,000 if you're in. a. Postgraduate Bank Accounts (UK Students) Bank Account Name Overdraft Perks; RBS / Natwest: Student Bank Account: £500 in the first term, up to £2,000 after that: A National Express Young Persons Coachcard - valid for 4 years – giving you 1/3 off coach prices with National Express: HSBC: Student Bank Account: £500-£1,000 in the first term. 9% p. About NatWest Thrive. Graduate account overdraft maximum year 1: £2000. Our Student bank account comes with: £100 cash and a four-year tastecard. A big difference between a savings account vs a current account is how often you access your money. To apply, you'll need to be 18+ and have graduated in the past 2 years. For example, Natwest have said that i need to deposit £750 every 3 months. Interest on fees and charges is payable. When setting up a NatWest Student Current Account, you’ve got a good chance of receiving the full £2,000 overdraft. The arranged overdraft limit can be up to £510 for the first 6 months, than you can apply to increase it up to £1010 in your 7th to 9th month of studying, and from the 10th month you can apply to. Industry: Financial services: Founded:. You’ll get a free Santander 16-25 Railcard, interest on your balance and fee-free Arranged Overdraft. To apply you must be 18+ and a UK resident. If Cora can’t help she will pass you on to one of our colleagues who can assist you with your query. Other loan amounts are available at alternative rates. east. If you're eligible for an overdraft and for what amount depends on the results of the full credit check. EN. Never had any problems with Natwest in that time. Best postgraduate student bank accounts. I have both a Barclays and Natwest student account, even though I have banked with Barclays since 2003, I found Natwest so good with students. Nearly all student accounts are limited to £1,000 a year if that as they often require you to have been working and the £3,000 is at the end of 3 years. You must either be a full time undergraduate student on at least a 2 year course at a UK University/College or you must be completing a full time postgraduate or nursing course lasting a year. Posted by u/AntDogFan - 1 vote and 5 comments6. All accounts below automatically turn into a graduate account once your course ends, which continues the 0% interest overdraft for a further two or three years – though the interest-free limit drops each year. Business account fraud Overseas: +44 345 711 4477. . The Tastecard gets you discounts at. Our extensive personal banking products include. I started off with £500 but ended up with £1000 after I was told it would be better and also I needed the money to help me financially. Specific account eligibility criteria applies. Fraudsters often concoct stories to try to persuade you to transfer your money to a. (edited 6 years ago) 0. You’ll start with £500 in the first year and straight up to £2,000 in your second year of university, if you study for year three an onwards, you can even apply for an interest free overdraft of £3,250. Be careful: if you say you have a job lined up in the summer, they may ask for a letter confirming this. Year 1: £1,500. So it’s still significant, even if it is not quite on par. Alongside this, you can also earn 2% AER credit interest on balances between £1 and £5,000. You can apply for up to £3,250 interest free from year. To apply, you need to be 18+ and a UK resident. Card payment support. I had my student loan paid into it for 1 year while i was at uni until i left at that time (2004). Graduate Trainee – NatWest Markets - Quantitative Analyst. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. NatWest / RBS: up to £3,250 0% overdraft. 9% p. Hi, I'm currently a university student, with a Natwest student account, which allows me a free overdraft of around £1600. Get paid an interest rate of 0. £100 cash for opening account: £100: NatWest: Year 1-3: £2,000: £80 cash and a four-year Tastecard:. A free 4. For anyone doing their PGCE - NatWest are offering student accounts with interest free overdraft and £100 cash for opening the account (they include post grads for student accounts). All you need to do is specify the overdraft that you wish to apply for (this is the new full amount not just the increased or decreased amount). Your overdraft will be reviewed, probably, when you leave University. Unfortunately, for all other Natwest current accounts, overdraft have a representative APR of 39. 13 years ago. Once you open the account you get the money straight away. Report. You’ll get an: easy-to-manage account, manage my account. What I liked about the student account was that it had an interest free overdraft of £1250. 5% interest and if you were only repaying £10 a month its very possible the interest was more than the repayment meaning the balance was increasing and at some point may have exceeded your agreed overdraft limit. Personal credit cardsIf you’re a UK resident, you’ll get a guaranteed interest-free overdraft of up to £1,000 after you’ve successfully opened the Student Bank Account. All open Graduate programmes. There’s no monthly fee for using our NatWest student account. natwest have reduced the overdraft charges though, so you wont be raped so badly. To earn £5 rewards, you earn £4 a month back in rewards for 2 or more Direct Debits (at least £2 each) and an additional £1 a month back in rewards with 1 mobile app log in. Up to £3,250 interest free from year three onwards*. With graduation dates set and debts looming, it’s time to start thinking about your future and finance. Representative 0% APR (variable) Buy Now Pay Later is a credit product. Santander is one of the best student banking accounts in the UK on many levels. To remove the block, navigate to the same page and unselect ‘Gambling Transactions’. Reply 5. more info here. An arranged overdraft could be useful for short term borrowing. Card payment support. Overdraft Facilities One of the most important features offered by almost all banks is the zero interest overdraft facility. you may apply for a basic Natwest student account. 49% interest rate. Year 2: £1,000 Additional arranged overdraft agreed above your interest free entitlement will be charged at 19. Overdraft calculator. Your actual credit limit and APR may vary depending on our credit assessment of you. Overdrafts guide;. £100 cash and free 4 year tastecard sign-up offer. I currently have £0 deposited…WVL. The main thing I was excited for was the fee free overdraft, but I can't seem to be able to apply for it. Personal banking complaints team: available Mon-Sat, 8am-5. Overdraft in 2023. After you graduate your FlexStudent becomes a FlexGraduate account. This comes with a debit card and is managed by the child. No Charge. Current accounts designed for you. Student. Your student and maintenance loans repayments are frozen until you start to earn over £25,000 but many people forget to consider their student bank accounts overdraft is also a loan, and one. 1. 2. Student current accounts are made for you if you’re going to university or college. This rate is available on loans between £7,500 and £14,950. The Graduate account can have an Overdraft of £2000 but only if you ask for it to be increased. Duration of arranged overdraft. Free 4-year National Express Young. On this page Overview Change an overdraft limit Student overdrafts Common questions. student bank accounts tend to offer the same features as standard bank accounts alongside interest-free overdrafts and student incentives such as discounted. Top-pick student bank accounts. Cash ISAs. 89% interest on arranged overdrafts, as well as a £6/month flat fee on most accounts. (variable) up to 18. Whether you’re still in the idea phase or looking to grow your business, we could help you confidently take your next steps. ##. Hundreds of thousands of students who graduated a year ago could soon find that they are paying interest rates of up to 19pc now they have entered the "real world". After leaving university, you'll only start repaying your student loan once you're earning above a certain threshold. You will then be able to view your monthly interest charges so far. What Are the Benefits of Natwest’s Overdraft. Save up to £653 with a free 12-month subscription to Perlego’s online library of books, academic texts and tools. eruka Posts: 9 Forumite.