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Get a quote and apply for a loan

You can get a personalised loan quote and apply for a loan online or over the phone. Our loans are just for those who have a current account, savings account or mortgage with us.

What do you get when you apply for a loan?

  1. A no-obligation quote

    We’ll give you a personalised quote that won't affect your credit rating.

  2. An acceptance indicator

    Before we do a hard credit check, we’ll let you know if you're likely to get a loan.

  1. No hidden fees

    We won't charge you for setting up, overpaying or settling your loan early.

  2. Receive your loan fast

    Once approved, have the money in your chosen account in 2 hours. Whether you bank with us or anyone else.

To apply for a loan

You need to:

  • have held a Nationwide current account, savings account or mortgage for at least 90 days
  • have the right to live and work in the UK for the term of the loan. We don't accept applications from the Channel Islands and the Isle of Man
  • be between 18 and 79 years old
  • not have missed 3 or more credit commitments in the last 12 months
  • not have any unsatisfied county court judgments. Unsatisfied means the Court's records show the debt hasn't been paid
  • neither be bankrupt nor have an Individual Voluntary Arrangement
  • have a monthly income of at least £700 after tax. Not including bonus, overtime or commission payments
  • if you're employed, not be on a temporary, agency or zero-hours contract
  • if you're self-employed, be able to prove a minimum of 1 year's income through an accountant's certificate, SA302 form or HMRC online tax calculation.

If you're applying for a joint loan, other criteria also apply.

What is the interest rate?

The interest rate depends on how much you borrow and how long you borrow for. We offer personal loans for terms from 12 months up to 7 years. You’ll need to enter the term in months when you apply.

You might get a lower interest rate by borrowing a bit more or less than you need, or by changing how long you borrow for. A small change could make a big difference to the overall cost of the loan. You can read more about this and see some examples on our how to choose the right loan page.

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 repayable £11,529.00.

This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years for our members. You could be offered a different rate based on your personal circumstances. The maximum you could receive is 29.9%.

What can you use a loan for?

Our loans are for personal use only.

You can use a loan for:

  • making a large purchase, like a car, caravan or electrical goods

  • home furnishings or improvements

  • travelling or going on holiday

  • consolidating your debts

  • other personal uses

You cannot use a loan for:

  • a business or business vehicle

  • buying property, including mortgage deposits

  • buying or keeping an interest in land

  • using as a bridging loan

  • investing or speculative purposes, such as gambling and cryptocurrency.

Get a quote and apply for a loan now

Have you held a Nationwide current account, savings account or mortgage for at least 90 days?