The interest rates we offer depend on a range of factors, such as:

  • loan amount
  • loan term
  • member's credit history and current financial situation.

Interest rate ranges for loans over 1 to 5 years

Details of Interest rate ranges for loans over 1 to 5 years
Loan Amount Lowest Rate (fixed) Highest Rate (fixed) Representative APR (fixed)
£1,000 - £2,999 15.3% 29.9% 15.3%
£3,000 - £4,999 14.3% 29.9% 14.3%
£5,000 - £7,499 7.9% 29.9% 7.9%
£7,500 - £25,000 6.4% 29.9% 6.4%


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.

You can get a quote in the same way you apply for a loan. Just fill out our application form online or give us a call.

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.


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

Interest rates

Our loan interest rates are fixed. Your rate won't change during your loan term.

We calculate interest at the end of each day. The quicker you pay off your loan, the less interest you'll pay overall.

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 for this loan amount. You could receive a different rate from the one shown and we’ll confirm your rate during your application.

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.

How to get a quote

Receiving your money

When you’ll receive the money depends on the account you want it paid into.

Approximate timings from your loan being approved are:

  • Nationwide current accounts: 2 hours
  • Other Nationwide accounts: 1 working day
  • Accounts with other building societies or a bank: 3 to 5 working days

In some circumstances, after processing your application we may need to ask you for additional information or proof of your right to live and work in the UK.

Proving your income and identity

Loan repayments

Loan repayments are taken monthly by Direct Debit.

Your first payment will be 1 month after we issue the funds.

You can choose to:

You cannot:

  • Defer your first or following payments

  • Take payment holidays

Loan fees

There are no hidden fees. We won’t charge you for setting up, overpaying or settling your loan early.

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