When we confirmed your payment holiday, we told you we’d need you to sign a new loan agreement when your payment holiday ended. You will have the option to amend your loan term and your payments will be recalculated.
Your new monthly payment may be higher than it was before your payment holiday. This is due to the interest added during your payment holiday.
In some circumstances, you may be able to extend the length of your loan to bring the monthly payment down. Just remember that doing this will cost you more overall. And just so you know, there are no fees for overpaying on your Nationwide personal loan or paying it off early.