Responsible lending - our approach

We have a responsibility to you, our customers, to be open and honest, to treat you fairly, and to be safe and secure.

These principles affect everything we do. The way we lend money is no exception. This page tells you about our approach, whether you want a personal loan, credit card or an overdraft. It also outlines what we ask of you in return. If you have any queries, please don't hesitate to ask.

What you can expect from us as a responsible lender:

  • products and lending criteria designed to meet your needs.
  • competitively priced products which we promote in a balanced way showing the risks as well as the benefits.
  • clear information on the cost of your borrowing, any fees and charges and our terms and conditions.
  • an assessment of your ability to make regular payments and repay the loan, using appropriate credit assessment techniques, before providing credit.
  • where the credit limit is solely at our discretion (e.g. Credit Cards and Overdrafts), we will take into account your current and previous financial activity.
  • reasonable notice of interest rate and payment changes affecting you.
  • a limit on your borrowing that we believe will ensure you don't overstretch your finances and which will allow for some increase in expenditure.
  • under strict controls we may share credit data with other lenders both to improve the quality of our decisions and to reduce the risk of you becoming over-committed.
  • your personal information treated confidentially and in accordance with Data Protection legislation.
  • prompt and professional handling of any queries or complaints you may have.
  • considerate treatment of payment issues and arrears

We ask that you

  • provide accurate and complete information on your application.
  • regularly assess your borrowing and other financial commitments and, if you expect to face payment difficulty in the future, or if you are having difficulties in managing your monthly payments, contact us so we can discuss any help/assistance available.
  • understand the terms and conditions on which the money is borrowed, seeking further information and help if needed.
  • decide for yourself how much you wish to borrow, up to the maximum we will lend based on your circumstances.
Man considering the implications of applying for a loan

As a responsible lender Nationwide subscribes to the Lending Code.

You may also be interested in...

Understanding loans & credit guide

Looking to borrow money? Understand the basics by reading our easy to understand guide to loans and credit.

Looking after your Money

See our list of guides designed to help you get to grips with your finances.

All unsecured loans are subject to status and are available to UK residents aged 18 to 79 only. Nationwide Personal Loans cannot be used for business, investment or speculative purposes, as a bridging loan or a mortgage deposit or to purchase or retain an interest in land.

If you have any questions about an application you have already made online, please call 0800 545 3000 and select option 5.

Nationwide Building Society subscribes to the Lending Code. For more information on the Lending Code please visit