31 March 2016

A video introduction to funding home improvements

If you are planning on carrying out some home improvements, our video could help you understand the ways in which you can finance your plans. We explain the difference between secured and unsecured loans, as well as giving information on our current Personal Loan offer. If you would like more information or want to apply then visit our Personal Loan section. Alternatively, if want to see how we could help with financing through a secured loan then visit our Mortgage section.

Nationwide Personal Loans – Home Improvements

Play video - Nationwide Personal Loans – Home Improvementsgrey house with an extension

We would all like to improve the look and comfort of our home.

Perhaps it’s time to upgrade your kitchen, replace that old bathroom, or even add a conservatory or extension.

Whatever you’re planning, you might need to think about your finance options.

For example, a loan could help pay for some or all of your home improvements.

You can choose between a secured or an unsecured loan.

With a secured loan, you can borrow against the value of an asset, such as your home.

Which means you might get better terms. But it also means your home is at risk if you stop making payments.

An unsecured loan could be another option.

That’s where you borrow money from a bank or other lender...

...then make regular payments until it’s paid off – without having to secure the amount you borrow against your home.

(If you can’t repay an unsecured personal loan, it may harm your credit rating).

With a Nationwide unsecured personal loan, you arrange to pay it back over a set number of months...

...and at an agreed monthly rate, so it is easier to budget for your payments.

Plus you could make over payments at no additional fee, which will help reduce your interest.

So no matter what home improvement project you’re planning...

...you could be eligible for an unsecured personal loan from between £1,000...

...to £25,000.

And the good news is...

...if you’re an existing main current account customer with us you’ll pay at least 1% APR less for the same loan than our other customers. Just so long as you qualify, of course.

Before signing on the dotted line it’s also worth checking a quick representative example too...

...like this one.

Representative example

3.4% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 3.4% p.a. (fixed). Monthly repayment £181.24. Total amount payable £10,874.40.

On loans of £7,500 - £14,999 for 1-5 years for main current account customers.

And with our Loyalty Price Promise, we’ll also beat any like-for-like UK loan provider’s offer by 0.5% APR.

Loans from £1,000 - £25,000 for between 1-7 years for our Main Current Account customers. Available in branch or over the phone. Terms & Conditions apply.

So whether you’re borrowing £1,000 or £25,000

You won’t find a better loan rate anywhere else.

Find out how we can help fund your home improvements with a Nationwide Personal Loan.

All loans are subject to status and are available to UK residents aged 18 to 79. The interest rate offered will depend on the amount you wish to borrow and your individual circumstances. Nationwide subscribes to the Lending Code.

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