Natwest graduate loan repayment

jd87

I applied for a Natwest Graduate loan and chose the option to delay repayment for "5 months from the date the loan is drawn". 5 months have now passed and I have just realised I have no idea how the payments are supposed to be made. I assumed it would be done automatically, but I don't seem to have a direct debit or standing order set up for it from my graduate account. Do I need to set something up? Any ideas?

jimbo83

I have one with Lloyds and they take it straight out of my current account - i dont think i actually set up a formal DD - best to check with Natwest though.

I had a student account with them and they were "interesting" to deal with so be as proactive as you can!

jd87

Will they still take money if it means taking it out my overdraft?

zppp

It will come out by standing order, and yes, as long as you have available funds or available overdraft, it will be paid no problem.

jimbo83

Yeah it will take money out if there is funds available - regardless of whether that from an account in credit or an account with an overdraft facility.

archer7

Call Natwest if you're unsure. Better than missing a payment and messing up your file.