Managing your finances

Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.

Even if you're only borrowing or repaying small amounts, it can be hard to:

  • track interest rates and know the real cost of your debts
  • understand which debts cost you the most, and
  • choose which debts to pay back first.

Paying off your debts using a Nationwide loan could leave you with 1 manageable monthly payment. This could give you the chance to take control of your finances and manage your debt at your own pace.


If your application is successful, it will be your responsibility to use the loan to pay off your debts. We’re not able to do this automatically for you.

Representative APR

From 2.9% APR Representative (fixed) on unsecured loans from £7,500 to £25,000 over 1 to 5 years for our members with a mortgage, savings or current account.

You could be offered a different rate based on your personal circumstances.

APR and Representative APR

APR stands for Annual Percentage Rate. It can be used to compare the total cost of your borrowing with other providers. Representative APR is the rate that we give to at least 51% of successful applicants. You could receive a different rate from the one shown and we’ll confirm your rate during your application.

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.


Our personal loans are for Nationwide members. We'll cancel your application if you apply and you're not a member.

Important things to consider

Consolidating your debts with a loan might make your monthly payments more affordable and manageable. However, it may take longer to pay off your loan than your original credit. You could end up paying more in interest.

Loan applications involve an assessment of your individual circumstances. We can’t guarantee that your application for a loan will be successful. It’s important to consider all of your borrowing options carefully. Get independent advice if you’re unsure what to do.

If you're in financial difficulties, we don't recommend that you increase your debts. Don't borrow more than you need. If you take out more credit, you'll add to your debt, meaning you could end up taking longer to pay it off.

If you’re struggling, there might be a way we can help you get back on track.

Longer loan terms

We offer personal loans for terms up to 7 years. For loans longer than 5 years, you'll need to give us a few details first so you can get a personalised loan quote.

Loan calculator

See what your borrowing could look like with an estimate of our interest rates and repayments for our personal loans.

Get your loan estimate

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