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 example

6.4% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 6.4% p.a (fixed). Monthly repayment £194.35. Total amount repayable £11,661.00.

This representative APR applies to loans of £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. The maximum you could receive is 29.9%.

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

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.

Is using a loan to consolidate your debts right for you?

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.

Loan calculator

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

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