Joint loans
Our joint personal loans are for couples, family and friends. Start a joint loan application online or see what you could borrow with our calculator.
Apply for a joint personal loan with Nationwide
Fixed monthly payments
They won't change during the term of your loan.
Shared goal, shared repayments
Split your payments as a couple, or with a family member or friend you live with.
No hidden fees
We won't charge you for setting up, overpaying or repaying your loan early.
Get the money fast
Once approved, have the money in your chosen account in 2 hours. Whether you bank with us or anyone else.
What is a joint loan?
A joint loan lets you borrow with another person and share the repayments. A joint loan could be for you if you have a shared goal, like a new car, a holiday or home improvements. And with your combined incomes, you might be able to borrow more than on your own.
Information:
You are both responsible for repaying the full amount of a joint loan. That means if one of you can’t make the repayments, the other will need to repay the whole loan themselves. Missed payments can negatively affect both your credit scores.
Get a joint loan estimate with our calculator
See what a joint loan could look like with our calculator. We’ll give you an estimate of the monthly repayments for different amounts and borrowing terms. Then, when you’re ready, you can get a quote by applying.
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 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
5.8% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 5.8% p.a (fixed). Monthly repayment £191.71. Total amount repayable £11,502.60.
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%.
Frequently asked questions
Get a quote and apply for a joint loan
You can apply for a joint loan if both applicants:
- live at the same address
- have separate email addresses
- have held a Nationwide current account, savings account or mortgage for at least 90 days
- are between 18 and 79 years old
- have a combined monthly income of at least £700 after tax. Not including bonus, overtime or commission payments
To apply online, both applicants need to be registered for online banking.
Note:
The second applicant will only have 15 minutes to agree to the application. Make sure they're ready to log in to the internet bank or banking app before you start.
Before you apply
- Make sure you understand the loan rates and details summary information.
- Be ready to provide both applicants’ bank account details.
- Have both applicants’ monthly income and outgoings ready. Outgoings could be things like mortgage, rent and loan payments.
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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.