Personal loans

Apply for a personal loan with Nationwide

Our loans are only available to members. You’re a member when you have a current account, mortgage or savings account with us. If you’re applying for a joint loan, only one of you needs to be a member. Find out more about membership.

You can apply for a personal loan if:

  • You're aged 18 to 79 and have a net monthly income of £700+
  • You have the right to live and work in the UK for the term of the loan (applications from the Channel Islands and the Isle of Man are not accepted)
  • You haven't missed 3 or more credit commitments in the last 12 months
  • You're not currently being declared bankrupt, have a CCJ (County Court Judgement) against your name or be subject to an IVA (Individual Voluntary Arrangement)

Before you apply


Has your income changed because of COVID-19?

Then please make sure you tell us your:

  • original income when we ask for ‘Your monthly income after tax’
  • new income when we ask ‘What will your new monthly income be?’

Please remember, a small change in the length of your loan term or how much you borrow could make a big difference in the cost of your loan. Find out more about how you can save money by choosing the right loan for you.

Please think carefully about whether applying for a loan is the right option for you at this time. Other borrowing options may better suit your circumstances.

To apply, you need to be confident that you'll be able to make your repayments on time. Be aware that changes to your income may affect your ability to make repayments.

Ready to get a quote and apply online?

Once you've provided your details we will give you a personal no-obligation quote as part of your application. We recommend you log in to the Internet Bank or Banking app, as that's the easiest way to be sure we have an exact match for your details.’

If your eligible Nationwide account is less than a month old, or you don’t want to register for online banking, you can always give us a call or visit us in branch to get your quote.

Please start by telling us who you are:

Frequently asked questions

Need additional help? Please read our full list of FAQs.

When we’ve received everything we need, we’ll finalise your loan agreement and issue your funds to your chosen account. If you chose to repay any existing loan you have with us, we'll use the new loan to repay it on your behalf and any surplus will be released to your chosen account.

If you choose to pay your loan into a Nationwide current account, the funds will normally be available within 2 hours. For other Nationwide accounts the funds will be available within 1 working day, and for all other accounts, within 3 to 5 working days (interest will be charged from day 1).

Once you’ve applied for a personal loan online, there are four possible outcomes:

  1. Your application is instantly approved
    We'll send you an email to confirm that we've successfully received your completed application and that you've been approved for the loan. We'll send you another email to let you know when we'll issue the loan funds into your nominated account.

  2. Your application is approved, but we need some additional information
    We’ll send you an email to confirm that you’ve been approved for your loan and also to let you know which additional information we need you to supply. Once we have this information, we’ll send you another email to let you know when we'll issue the loan funds into your nominated account.

  3. We need to review your application before we can make a decision
    We’ll send you an email to confirm that we’ve successfully received your submitted application and that we'll need to review it in more detail. We’ll then contact you again by email within 2 working days to give you our decision following our review.

  4. Unfortunately, we're unable to offer you a loan at this time
    We’ll send you an email to confirm that we’re unable to offer you the loan you’ve applied for at this time.

Read more about why your loan might have been declined.

Not received any emails from us yet?

Please check your spam or junk email folder, as some email providers can automatically filter these messages out before you've had chance to read them.

If you have any questions regarding your loan following your application, or haven't heard from us within 2 working days after applying, please call us on 0800 545 30 00 (Mon to Fri: 8am – 6pm).

Please note: if you have nominated a Nationwide current account for the loan funds to be paid in to, the transfer will take no more than 24 hours. If you have nominated an external account, the transfer of loan funds can take between 3 and 5 working days (interest will be charged from day 1).

In most cases, if your application is approved, you'll be able to sign up for your loan online (instead of Nationwide sending you a paper agreement to sign and return). By signing for your loan online [electronic contracting] you'll be entering into a legally binding contract. You'll receive a copy of the loan agreement for your records, and this will be sent to you when the loan funds are issued.

In some situations electronic contracting may not be available to loan applicants, and in this instance a paper loan agreement will be sent to you to sign and return. Currently, we're unable to offer electronic contracting for joint applicants.

Personal loans can be used for almost any purpose, such as a car purchase, wedding or consolidation of other credit commitments.

They cannot be used for:

  • Business or investment purposes
  • Bridging loans
  • Mortgage deposits
  • Speculative reasons
  • Purchasing or retaining an interest in land

Nationwide adheres to The Standards of Lending Practice which are monitored and enforced by the Lending Standards Board (LSB) 

If you have any questions about an application you have already made online, please call 03457 30 20 11.

All loans are subject to status and are available to UK residents aged 18 to 79 only. In order to be eligible to apply for a Nationwide Personal Loan, you will need to have a net monthly income of £700+. Nationwide Personal Loans cannot be used for business, investment or speculative purposes, as a bridging loan or a mortgage deposit or to purchase or retain an interest in land