Imagine: you are close to spending on that dream home improvement. (Or that dream wedding, or that dream holiday trip.) Need just a little more to get there? Now you can bridge the gap with Nationwide Personal Loans. You can even make your life easier by using the Nationwide personal loan calculator. It can tell you your projected monthly payment, based on loan terms you pick.
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.
What are Nationwide Personal Loans?
These are loans Nationwide offers only to its members. Members are customers who have a current account, savings account, or mortgage with Nationwide.
Nationwide Personal Loans have the following features:
- Loan term 1 to 7 years
- Loan amount £1,000 to £25,000
- Fixed APR of 2.9% to 24.9%
- Instant credit decision (in most cases)
- Fast fund transfer within 2 hours to 5 working days
- Monthly loan repayments by direct debit
- Zero hidden fees (everyone loves honesty!)
- Freedom to overpay or settle your loan early with no charges
The speed of the fund transfer depends on the account you nominate. If you nominate a Nationwide current account, the funds will come within 2 hours. Other kinds of Nationwide accounts will receive the funds within 1 working day. For any non-Nationwide accounts, the funds will arrive within 3 to 5 working days.
Did you know there are other options? There is a joint Personal Loan which includes a friend or family member as co-borrower. You can also top up on your existing Nationwide loan. You can get a new loan that settles your current one and provides excess funds. Or, you can take out a second loan.
Additional factors to consider when applying for a Nationwide Personal Loan:
- Members cannot have more than 2 Nationwide loans
- Members cannot loan more than £25,000 in total
- Nationwide does not offer payment holidays
Lastly, Nationwide will not allow you to use their loan for:
- Commercial or business purposes
- Investment in any kind of property or venture
- Mortgage deposits
- Bridging loans
How to apply for a Nationwide personal loan?
Excited to start? We sure are! But before you click that “apply” button, make sure you fit the below requirements. Ideally, you:
- Earn £700 monthly after taxes
- Live and work in the UK
- Are between 18 to 79 years of age
- Do not live in the Channel Islands or the Isle of Man
- Are a Nationwide member
- Haven’t missed more than 3 loan payments in the past year
- Aren’t bankrupt
For joint Personal Loans, you and the other applicant must:
- Live at the same address
- Be UK residents
- Earn a total of £700 monthly after taxes between you both
- Be a Nationwide member (at least one of you)
Once you meet these requirements, you can proceed to submitting documents which include proof of:
- Income
- Identity
- Address
- Right to live and work in the UK
Nationwide personal loan calculator
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
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.
