Summary BoxKey Information for our <strong>Professional</strong> <strong>Trainee</strong> <strong>Loan</strong>s for BPP Law School students(on an eligible course) from £1,000 to £25,000APR(Variable rate option) Typical 7.7% APR Variable(Fixed rate option) Typical 8.9% APRInterest rate ranges<strong>Loan</strong> size range£1,000 – £25,000From7.7% variableor 8.9%To7.7% variableor 8.9%Representative APR7.7% variableor 8.9%Interest charging informationRepayment informationRepayment PeriodAmount of <strong>Loan</strong> available<strong>Application</strong>/Arrangement feeOther FeesDefault FeesEarly SettlementFixed or variable interest options available.Interest is charged at National Westminster Bank Base Rate plus 7% or a fixed rate of8.65% nominal. Interest calculated daily on outstanding balance and applied quarterly.Payment by standing order only on a monthly basis.Deferred repayment periods are available depending on your circumstances.Interest will accrue during deferred payment periods.Up to 10 years.Total term of the loan, including deferred payments, beginning from the first drawdown datemust not be more than 10 years.Up to £25,000, if you’re studying full-time for the Graduate Diploma in Law (GDL),Legal Practice Course (LPC) or Bar Vocational Course (BVC).You can draw the loan in one lump sum or instalments.No arrangement fee applicable.None.£30 each time a payment due is not made on time.For fixed rate loans only, an early repayment fee of one month interest may apply.Fixed rate examples:<strong>Loan</strong> Amount£5,000£10,000£20,000RepresentativeAPR8.90%8.90%8.90%Term60 months120 months120 monthsMonthlyRepayment£157.02£157.11£314.22TotalPayable£6,594.84£16,025.22£32,050.44Illustrative ExampleEach example includes an 18 month deferred repayment period (Capital and Interest Holiday).Note that the last repayment will be slightly different to the standard monthly repayment.Variable rate examples: (assumes base rate at 0.5%)<strong>Loan</strong> Amount£5,000£10,000£20,000RepresentativeAPR7.70%7.70%7.70%Term60 months120 months120 monthsMonthlyRepayment£151.47£148.04£296.09TotalPayable£6,361.74£15,100.08£30,201.18Each example includes an 18 month deferred repayment period (Capital and Interest Holiday).Note that the last repayment will be slightly different to the standard monthly repayment.
<strong>Professional</strong> <strong>Trainee</strong> <strong>Loan</strong><strong>Application</strong> <strong>Form</strong>Your informationFor details of how we and others will use your information and how to give your consent, please look for the padlocksymbol below and in the accompanying Terms and Conditions or contact your branch.Please complete this form in BLOCK CAPITALS and in black ink, mark the box with a cross where applicable and *deleteas appropriate. Please do not write or mark this form outside the boxes and lines. Applying is simple and should only takeabout 15 minutes.1. Customer detailsAre you an existing <strong>NatWest</strong> customer? Yes NoIf ‘Yes’, please provide Account number Sort codeTitle Mr Mrs Miss Ms OtherFirst name(please specify)Middle name(s)SurnameAddress line 1Address line 2Address line 3Address line 4 ORoverseas countryPostcodeIs this property a flat? Yes NoDate of entry to this address(e.g. 01JUN2005)If less than 3 years please provide previous addressPrevious address line 1Previous address line 2Previous address line 3Previous address line 4 ORoverseas countryPostcodeD D M M M Y Y Y YIs this property a flat? Yes NoNWB45049 (July 2009)Page 1 of 902450491