Loan rates and details
Information within this page:
Representative Example:
5.9% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 49 months at an interest rate of 5.9% p.a. (fixed).
Monthly repayment £229.45. Total amount payable £11,243.05.
Loans Summary Box
| Key information for our personal loan from £7,500 to £14,999 for up to 5 years for our main current account customers*. |
| APR |
Representative 5.9% APR
If successful, the interest rate you will pay is based on your personal circumstances and the amount you choose to borrow. |
|
| Interest rate ranges |
| Loan Size Range |
From
(%) |
To
(%) |
Illustrative
APR (%) |
|
£7,500 - £14,999 |
5.9
|
24.9 |
5.9
|
|
|
|
|
| Interest charging information |
| Type of interest on my loan? |
Fixed rate |
| Basis of interest calculation? |
Daily in arrears |
|
| Repayment information |
| What is the method and frequency of repayment? |
Monthly by Direct Debit |
| When is my 1st monthly payment due? |
1 month after loan issue |
| Can I take a payment holiday? |
No |
| Can I defer the payments at the start of my loan? |
No |
|
| Repayment period |
Loans are available between 1 and 7 years |
| Amount of loan available |
Loans are available from £1,000 to £25,000 in £50 multiples |
| Application / Arrangement fee |
None |
| Other fees |
None |
| Default fees |
None |
| Early settlement |
Your settlement quotation is valid for 28 days from the date of your request and includes interest up to and including this date. If your loan term is greater than 12 months you will pay an additional 30 days interest. |
|
| If you need some help deciding how much you want to borrow and over what length of time then why not use our loans calculator to help you out. |
|
*Main current account holders qualify for our lowest loan rate
To qualify as a main current account customer, you must either:
1) Hold a FlexAccount with a Visa debit card (not cash card or cash card+) and:
- have been paying in £750 a month for the last three months (excluding internal transfers); or
- complete an account transfer for us (from a non-Nationwide account) using our Account Transfer Service or have done so in the last four months.
For this offer the account transfer must be requested via branch or telephone and the account must be eligible for an overdraft; or
2) Hold a FlexDirect or FlexPlus account.
Qualifying conditions vary by offer.
For the personal loan offer the current account transfer must be requested via branch or telephone and the current account must be eligible for an overdraft.
The rate offered will depend on the amount you wish to borrow and your individual circumstances.
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Missed or underpayments
We need to make you aware of some of the consequences of not making your agreed payments. If you underpay or miss any payment due under the credit agreement you will be in default on the agreement and:
- You may pay more overall.
- We may register your details with credit reference agencies.
- You may find it more difficult to obtain credit in the future.
- Legal proceedings could be taken against you which could result in any outstanding debt being secured against any property you own.
If you have difficulties making payments under your agreement please contact us on 08459 30 20 12.
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Further information
If you are experiencing difficulties in managing your finances talk to your lender and/or your Citizens Advice Bureau or National Debtline.
All loans are subject to status and are available to those aged 18 to 79 only. Provision of these credit facilities does not confer membership rights in Nationwide Building Society. Nationwide personal loans cannot be used for business purposes or for speculative reasons.
Nationwide Building Society subscribes to the Lending Code. For more information on the Lending Code please visit
Nationwide Building Society, Nationwide House, Pipers Way, Swindon, SN38 1NW .
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