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Nationwide Car Loans Overview

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The table below will give you all the details you need about Nationwide car loan options.

How much are Nationwide car loan rates? Use the Nationwide car loan calculator below to see how much it will cost. Get an estimated repayment amount by typing your preferred amount and terms on the calculator. You can also use the sliders to see other possible outcomes.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

Nationwide car loans review

Nationwide offers car loans to its members through its personal loans product. Apply online and get approved for a car loan in as fast as a couple of hours.

NatWest car loan features

Thinking of applying for a NatWest car loan? Here are the key features and benefits to expect:

  • Loan amount and terms. Borrow £7,500 to £25,000, over terms from 1 to 5 years, starting at 2.9% APR representative (fixed).
  • Fixed repayments. Get fixed interest rates and pay the same amount for the whole loan term.
  • No hidden charges. Nationwide car loans require no set-up fees. You can also pay in excess of your repayment amount or pay off your loan early with no extra charges.
  • Own the car instantly. Your car will not be used as collateral when taking a Nationwide car loan. You will own your car upon purchase.
  • Self-employed borrowers are considered. You can still apply for a car loan even if you are self-employed, given you can prove your income.

How to apply for a NatWest car loan?

Check that you’re eligible:

To qualify, you must:

  • Be 18 to 79 years old
  • Be residing and employed in the UK
  • Holds a Nationwide current account, mortgage or savings account
  • Have an income of £700/month, after-tax
  • Maintain a good credit standing, with no bankruptcy declaration, CCJs or IVAs (Individual Voluntary Arrangements)
  • Not have 3 or more missed credit payments in the last 12 months

What you’ll need:
Other than your personal and contact information like phone number and email address, you should also prepare the following when applying:

  • Valid IDs (UK driving license, full passport or EU member state ID card)
  • Address for the last 3 years
  • Right to live and work in the UK
  • Nationwide membership or bank account details
  • Details of your expenses (including mortgage, rent, credit card, loan payments etc.)
  • Proof of income (e.g. payslip, job offer letter/contract & documents for pension and/or benefits being received)
  • For self-employed, proof of at least 1-year income through an accountant’s certificate, SA302 form or HMRC online tax calculation

 

Nationwide car loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

£20,000

Term

60 months

Change
Nationwide

Nationwide Car Loans

Nationwide Car Loans
EST Monthly Repayment
£425 Inclusive of fees
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
GO TO SITE
View Nationwide's website for more details on their car loans
Featured
Carmoola

Car Hire Purchase

EST Monthly Repayment
£474 Inclusive of fees
Interest Rate
14.80%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£2,000
to £40,000
GO TO SITE
Carmoola's rates start as low as 6.9% for loans of between £2k - 40k over one to five years. Representative APR: 14.8%. Buy your dream car in minutes with Carmoola's virtual card, with a £0 minimum deposit. Carmoola is an entirely digital, app-based lender. No sales calls or paperwork! Take control and manage your loan in-app.

BestLoanRates.co.uk provides factual information in relation to financial products. While BestLoanRates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and, to the best of our knowledge, is correct at the time of publishing. The information published on BestLoanRates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with BestLoanRates.co.uk. BestLoanRates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information, please see BestLoanRates.co.uk's Terms of Use.

Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

Nationwide Car Loan FAQs

How long will a Nationwide car loan application take?

Nationwide bank members can apply for a car loan in a few minutes. The time it will take to get their loan approved and get the money depends on the account where they opt to receive it.

For those that used their Nationwide current accounts, it will take about 2 hours. For other Nationwide accounts or other bank or building society accounts, the money will be sent the next working day.

However, the process may take longer if Nationwide needs to verify your information and request additional documents.

Do I need to be a member of Nationwide to get a car loan

Yes. To get a car loan, Nationwide requires you to be a member. You are a member if you have a current account, mortgage or savings account with them.

If you are not a Nationwide member and you applied for a car loan, your application will be cancelled or rejected. This may also be recorded on your credit report.

Can I use a Nationwide car loan to get a business vehicle?

No. Nationwide offers car loans under its personal loans products. Therefore, you can only use it for purchasing vehicles for personal or family use.

How can I apply for a Nationwide Car Loan?

To get a Nationwide car loan, you can fill out a loan application form on their online banking app, or website. You may also apply via phone.

You’ll be first asked to provide information about the loan you are interested in. Afterwards, Nationwide will provide you with a quote with an interest rate based on your personal circumstances. You can adjust your loan details to get a rate that you’re comfortable with.

Once you get an offer that you are happy with, you can proceed with the application. If they request additional documents, you may submit them to a Nationwide branch or send them via post or e-mail.

Learn more about Nationwide car loans in this video

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Bestloanrates.co.uk provides factual information in relation to financial products. While Bestloanrates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the produc provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Bestloanrates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Bestloanrates.co.uk. Bestloanrates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Bestloanrates.co.uk’s Terms of Use and Services Guide.

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