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How to make an overpayment on your personal loan

Pay off your loan quicker by making extra payments on top of your usual repayments.

What are loan overpayments?

Overpayments are one-off payments you can make towards your loan on top of your regular monthly payment.

You can make overpayments to reduce your outstanding balance whenever you like. Your monthly Direct Debit won't change, but you’ll pay your loan off faster. There are no charges for making overpayments.

How to make an overpayment

Option 1: Transfer money from a Nationwide account, using the internet bank

  1. Log in to the internet bank
  2. From the overview of your accounts, find the Quick transfer option
  3. Choose the account you want to make the transfer from, then choose the loan you want to transfer to
  4. Enter the amount you want to overpay then click Go

Option 2: Transfer money from a Nationwide account, using the Nationwide app

  1. Log in to the app
  2. Choose Payments from the bottom of the screen
  3. Choose Move money
  4. Choose the account you want to make the transfer from, then choose the loan you want to transfer to
  5. Follow the instructions to enter how much you want to overpay and confirm

Option 3: Make a payment from a non-Nationwide current account

If you're paying us for the first time, you'll need to set up a new payee. You may be asked for a few details about your loan account before you can make the payment.

  1. Choose Personal account, when asked to select the account type
  2. Enter your full first name and last name. So that's 'Thomas', not 'Tom'. For joint loans, you'll only need to use the full name of one of the holders
  3. Enter the sort code 07 00 70 and the account number 00001760
  4. Enter your payment reference. This will be the sort code 07 00 70 followed by your 8-digit loan account number. For example: 070070/XXXXXXXX

Option 4: Send us a cheque

Make your cheque payable to ‘Nationwide Building Society 070070’, followed by your 8-digit loan account number.

For example: Nationwide Building Society 070070/XXXXXXXX

Post the cheque to:

Personal Loans Admin,
Nationwide Building Society,
Kings Park Road,
Moulton Park,
Northampton,
NN3 6NW.

Option 5: Visit us in branch

You can also make an overpayment in any one of our branches.

If you come into a branch, it would be helpful to bring some photo ID with you. Like your passport or driving licence.

If you don’t have photo ID, please bring:

  • a statement from a UK bank or building society. It must be less than 3 months old, and not a Nationwide account
  • and a utility bill, like for gas, electricity or a landline phone. It also must be less than 3 months old
Find your nearest branch

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