Summary
Missed payments
Further information
| SUMMARY BOX Key information for our personal loan of £7,500 to £14,999 for up to 5 years for Nationwide FlexAccount (debit Card) and/or mortgage customers (new personal loan customers only) | ||||
|---|---|---|---|---|
| APR |
Typical 7.9% APR | |||
| Interest rate ranges | Loan size range £7,500 - £14,999 | From (%) 7.9 |
To (%) 19.9 |
Representative APR (%) 7.9 |
| 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 first 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 |
28 days interest for new loans of 12 months. 58 days interest for new loans of more than 12 months | |||
| Illustrative example | ||||
| Loan Amount | Representative APR | Term | Monthly Repayment | Total payable |
| £7,500 |
7.9% |
36 months |
£233.74 |
£8,414.64 |
| £10,000 |
7.9% |
60 months |
£200.98 |
£12,058.80 |
| £14,950 |
7.9% |
60 months |
£300.47 |
£18,028.20 |
Missed payments
Missing payments could have severe consequences and make obtaining credit more difficult. If you have fallen behind with your payments we may pass information about what you owe us to a credit reference agency.
Credit reference agencies record this information for 6 years. This information may be seen by other companies when you apply for a loan or credit card, and this may affect your ability to obtain credit in the future.
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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 or over 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 Trust Limited is a wholly owned subsidiary and appointed representative of Nationwide Building Society. Nationwide Trust Limited, registered in England, No. 01060355. Registered office: Nationwide House, 20 Lower Dagnall Street, St Albans, Herts AL3 4RR.
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