Product update

31 March 2014

With effect from 1 April 2014, Nationwide Building Society’s personal loan rate for its main current account customers will revert to 5.9% APR Representative.

This rate is available to Nationwide main FlexAccount, FlexDirect and FlexPlus current account¹ customers borrowing between £7,500 and £14,999², for loans of up to five years. Nationwide customers can apply for the loan in branch, online via www.nationwide.co.uk or by telephone.

Those who do not have a Nationwide current account can take out a Nationwide current account in branch, online via www.nationwide.co.uk or by telephone, and make it their main account in order to qualify for a 5.9% APR Representative rate¹.

Notes to editors:

Representative Example:

5.9% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 5.9% p.a. (fixed). Monthly repayment £192.15. Total amount payable £11,529.00.

¹ To qualify for the Nationwide personal loan rate of 5.9% APR Representative you must either:

A) Hold a FlexAccount with a Visa debit card (not cash card or cash card+) and:

  • Have been paying in £750+ a month (excluding internal transfers) for the last three months; or
  • Complete an account switch to us (from a non-Nationwide account) using our Account Switch Team or have done so in the last four months. For the personal loan offer the account switch must be requested via branch or telephone and the account must be eligible for an overdraft

B) Hold a FlexDirect or FlexPlus account

If a joint application is made, either account applicant must meet the main current account customer eligibility criteria.

The rate offered will depend on the amount you wish to borrow and your individual circumstances, personalised rates apply.

² For loans outside this range, personalised rates apply.

Personal loans are available to customers aged 18 – 79 and are subject to status. Rates may vary from time to time without notice. You should consider all borrowing options carefully and seek independent advice.

Nationwide subscribes to the Lending Code.

About Nationwide Building Society

Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.

Customers can manage their finances in branch, on the telephone, internet and post. The Society has around 15,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.

Please note: If you are a customer looking for information on our products and services, please visit the main website.