Nationwide personal loans feature:
- Fixed rate for the term of your loan
- Borrow between £1,000-£25,000
- Repayment periods between 1-7 years
- Decision in minutes
- No obligation quotes
Nationwide Loan calculator
If you are interested in n a Nationwide loan but would like to get an indication of how much it could cost you, you could use the Nationwide loan calculator. A loan calculator can give you an idea of how much a loan would cost you in repayments. You just need to put in how much you want to borrow and your desired length of repayment term and the calculator will work out an estimate based on Nationwide’s Representative Annual Percentage Rate for a loan of that size.
If you do decide to apply for a Nationwide Loan you may find that the APR they offer you is different from their Representative APR. This is because lenders may tailor what APR they would be willing to offer a borrower once they have made an assessment of their financial circumstances. This means that the amount expected to be repaid would also change.
Before you apply for a loan
It’s important to get a loan which suits your specific needs, as well as offers the best deal. Consider what features you need from a loan and then compare different options to see if there is anything suitable. You can use the able comparison tables to look at the different features of loans from many different providers. Loans vary greatly between lenders so shopping around is a good idea.
You might also want to think about alternatives to credit. For example if you already have the required funds as savings it may be better to use these instead. This is because the rate of interest you earn on your savings may be less than the interest rates you could be charged on a loan.
If you are thinking of taking out a loan to consolidate debt understand that spreading your payments over a longer term could mean you ultimately pay more overall than you would with your existing arrangements, even if the interest rate on the new loan is less than the rates you have at the moment.