Personal Loan rates and details

Borrow £1,000 to £25,000 over 1-7 years with our personal loans - available just for members.

If you’re not a member already, you’ll need to have a current account, mortgage or savings account with us before you can apply.

Find out more about membership

Are you a Nationwide member?

Is your main current account with Nationwide?

You're a main current account holder if you hold a FlexOne, FlexStudent, FlexGraduate, FlexDirect or FlexPlus account. Or if you hold a FlexAccount and have been paying in £750+ a month for the last 3 months from a non-Nationwide account, or completed a switch to us from a non-Nationwide account using our Current Account Switch Team in the last 4 months.

Interest rate ranges for 1-5 years

When your main current account is with us, you’ll get a rate that’s at least 1% APR lower than equivalent rates for all other members.

You need to be a Nationwide member to take out a personal loan. That means you have a current account, mortgage or savings account with us.

Loan Size Range
Loan Size Range From (%) To (%) Representative APR (%)
£1,000 - £2,999 13.9% 18.9% 13.9%
£3,000 - £4,999 10.7% 18.9% 10.7%
£5,000 - £7,499 4.5% 18.9% 4.5%
£7,500 - £15,000 3.0% 18.9% 3.0%
£15,001 - £20,000 3.9% 18.9% 3.9%
£20,001 - £25,000 3.9% 18.9% 3.9%

What is Representative APR?

APR stands for Annual Percentage Rate. It is a standard way of describing the cost of a loan and is used across the UK to help you compare different credit products easily.

The APR takes into account how much you'll pay in interest on the loan, as well as any other fees and charges you'll have to pay. For example, the APR will include any setup fees and other costs associated with the loan.

The APR is 'representative' because at least 51% of the members who are accepted for this loan will pay this rate. You may be offered different rates, depending on your personal circumstances.

Interest charging information
Interest charging information
Type of interest on my loan? Fixed rate
Basis of interest calculation? Daily in arrears
Repayment information
Repayment information
What is the method and frequency of repayment? Monthly by Direct Debit
When is my first monthly payment due? 1 month after loan issue
Can I take a payment holiday? No
Can I defer the payments at the start of my loan? No
Repayment period
Repayment period Loans are available between 1 and 7 years
Amount of loan available Loans are available from £1,000 to £25,000 in £50 multiples
Application/Arrangement fee None
Other fees None
Default fees None
Early settlement You can at any time repay the full amount outstanding under your agreement. If you want to do this please contact us on 0800 30 20 11 and we will give you your settlement quote along with your options on how to make payment.

What can you afford?

Before applying for a Loan it's important you take into account your individual budget and what you can afford to pay back each month. For help planning your budget, you may want to use our handy budget calculator. 

Looking for a loan for more than 5 years?

If you need a Personal Loan for longer than 5 years, you'll need to provide us with a few details so that we can give you a personalised loan quote. Please click apply now (or retrieve a quote you've started) to begin the online application. You'll be offered a no-obligation personal loan quote that won't affect your credit rating. 

Interest rate ranges for 1-5 years

You need to be a Nationwide member to take out a personal loan. That means you have a current account, mortgage or savings account with us.

Loan Size Range
Loan Size Range From (%) To (%) Representative APR (%)
£1,000 - £2,999 14.9% 19.9% 15.0%
£3,000 - £4,999 11.7% 19.9% 11.8%
£5,000 - £7,499 5.5% 19.9% 5.5%
£7,500 - £15,000 4.0% 19.9% 4.2%
£15,001 - £20,000 4.9% 19.9% 5.1%
£20,001 - £25,000 4.9% 19.9% 5.1%

What is Representative APR?

APR stands for Annual Percentage Rate. It is a standard way of describing the cost of a loan and is used across the UK to help you compare different credit products easily.

The APR takes into account how much you'll pay in interest on the loan, as well as any other fees and charges you'll have to pay. For example, the APR will include any setup fees and other costs associated with the loan.

The APR is 'representative' because at least 51% of the members who are accepted for this loan will pay this rate. You may be offered different rates, depending on your personal circumstances.

Interest charging information
Interest charging information
Type of interest on my loan? Fixed rate
Basis of interest calculation? Daily in arrears
Repayment information
Repayment information
What is the method and frequency of repayment? Monthly by Direct Debit
When is my first monthly payment due? 1 month after loan issue
Can I take a payment holiday? No
Can I defer the payments at the start of my loan? No
Repayment period
Repayment period Loans are available between 1 and 7 years
Amount of loan available Loans are available from £1,000 to £25,000 in £50 multiples
Application/Arrangement fee None
Other fees None
Default fees None
Early settlement You can at any time repay the full amount outstanding under your agreement. If you want to do this please contact us on 0800 30 20 11 and we will give you your settlement quote along with your options on how to make payment.

What can you afford?

Before applying for a Loan it's important you take into account your individual budget and what you can afford to pay back each month. For help planning your budget, you may want to use our handy budget calculator. 

Looking for a loan for more than 5 years?

If you need a Personal Loan for longer than 5 years, you'll need to provide us with a few details so that we can give you a personalised loan quote. Please click apply now (or retrieve a quote you've started) to begin the online application. You'll be offered a no-obligation personal loan quote that won't affect your credit rating. 

Our loans are only available to members. You’re a member when you have a current account, mortgage or savings account with us.

Find out more about membership

Take out a Nationwide Personal Loan today

Available just for members

If you have any questions about an application you have already made online, please call 0800 30 20 11.

All unsecured 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.