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Borrow more

If you have a Nationwide loan and need to borrow more, we'll always do our best to help. You can't borrow more than £50,000 in total across your personal loans with Nationwide.

Your options for borrowing more

When you get a quote for borrowing more, we’ll give you some options to choose from. We’ll base your quote on:

  • the amount left to pay from your existing loan
  • how much more you want to borrow, and
  • how long you want to pay back your loan.

Option 1: Combine your loans

If you have one existing loan

You can get a new loan that pays off your current loan and gives you the extra money you need. You'll then have one, larger loan with a new interest rate and new monthly repayments.

If you have two existing loans

If you have two existing Nationwide loans, you'll have the option to combine your additional borrowing with either one of them.

You'll get a new loan that pays off one of your existing loans and gives you the extra money you need.

You'll still have two loans, but one will include your additional borrowing with a new interest rate and monthly repayments. The other loan will stay on its original rate and term.

It's up to you which loan you want to combine your additional borrowing with.

Option 2: Keep your loans separate

If you have one existing loan, you can take out a second loan. This means you'll have a separate loan alongside your existing one.

You'll repay the loans separately, which means you'll have two monthly repayments to budget for. Your existing loan will remain under its original terms and interest rate.

To apply for a loan

You need to:

  • have held a Nationwide current account, savings account or mortgage for at least 90 days
  • have the right to live and work in the UK for the term of the loan. We don't accept applications from the Channel Islands and the Isle of Man
  • be between 18 and 79
  • not have missed 3 or more credit commitments in the last 12 months
  • not have any unsatisfied county court judgments. Unsatisfied means the Court's records show the debt hasn't been paid
  • neither be bankrupt nor have an Individual Voluntary Arrangement
  • have a monthly income of at least £700 after tax. Not including bonus, overtime or commission payments
  • if you're employed, not be on a temporary, agency or zero-hours contract
  • if you're self-employed, be able to prove a minimum of 1 year's income through an accountant's certificate, SA302 form or HMRC online tax calculation.

If you're applying for a joint loan, other criteria also apply.

Borrowing more with a joint loan

You can only borrow more jointly if you already have a joint loan with the same person. Both of you will need to agree to the extra borrowing.

More about joint loans

What's the best borrowing option for you?

Sometimes a lower monthly repayment can mean a higher overall cost of borrowing. This is because you may have to pay more interest over the term of the loan. It's important you take this into account when deciding which option is right for you. 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.

More about choosing the right term length and loan amount

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%.

Get a quote and apply to borrow more on your loan

When you get a personalised quote to borrow more on your Nationwide loan, your quote will only be valid for today.

Not yet ready to apply? Use our calculator to get an estimate.

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.

Current account overdrafts
Member Credit Card
Borrow more on your home