What is the loan calculator?

Our loan calculator can give you an idea of how much you might pay for the amount you want to borrow. We’ll still need to check your individual circumstances to give you an accurate quote.

For each loan term, or the number of years you want to borrow the money for, we’ll give you a Representative APR. APR stands for Annual Percentage Rate. It can be used to compare the total cost of your borrowing with other providers and other borrowing products. The Representative APR is what we give to at least 51% of successful applicants.

To find out what you would pay based on your individual circumstances, please get a personalised quote. This won’t affect your credit rating. And there’s no obligation to take out the loan.

How many quotes should you get?

We recommend getting a few personalised quotes from us.

We may be able to offer you a better rate if you change the amount you want to borrow or the length of time you borrow for. Even a small change can make a big difference to how much interest you'll have to pay and the overall cost of the loan.

Getting a quote will not affect your credit rating. Your credit rating will only be impacted if you decide to continue with your quote and take out a loan.

To apply for a loan

You can apply if:

  • you have a monthly income of £700 after tax. If you're self-employed, you'll need to be able to prove a minimum of 1 year's income through an accountant's certificate, SA302 form or HMRC online tax calculation
  • you live and work in the UK
  • you're between 18 and 79 years old
  • you're a member of Nationwide. You're a member if you have a current account, mortgage or savings account with us.

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


Longer loan terms

We offer personal loans for terms from 12 months up to 7 years. You can choose the term in years or months.

To find out how much you would pay for loans longer than 5 years, please get a personalised quote.

Related links

Other ways to borrow

A loan might not always be the right way to borrow the money you need. There might be a more suitable option for your financial situation. Learn about:

Nationwide adheres to The Standards of Lending Practice, which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk (opens in a new window)