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Nationwide Loans

Apply to borrow from 100 to 25000*

  • Instant Decision
  • 60-Second Application Form
  • From £1,000 to £25,000
  • Rates from 5.7% APR to 278% APR*
  • 3-36 month repayment

Apply to borrow from 100 to 25000*

  • Online decision
  • Responsible lenders
  • Apply to borrow up to £3000*
  • Rates From 278% APR – 1576% APR*
  • 3-12 month repayment

What Are Unsecured Loans?

Even without collateral to pledge, there are still options to choose when applying for a loan. For loans without security deposits, these types of loans are considered unsecured. Unsecured loans allow borrowers to request for funds without giving up an asset as a security deposit. Personal loans, payday loans, credit cards, and student loans are just some examples of an unsecured loan. It is a very convenient source of funds without having to deal with the complicated approval process. However, these types of loans are often accompanied with higher interest rates.

How will MY
APPLICATION WORKS?

Nationwide Loans

Secure Process

To apply, you don’t have to leave your homes or travel miles. The process is amazingly fast and secure. All you need to do is to fill up a form online. In as fast as two minutes, you can have the result of your application without waiting hours in long lines. Your personal and banking information is safely secured.

Nationwide Loans

Paid Into Your Account

Once approved, the borrowed funds are immediately sent to your checking account. No fuss, no hassle. In just minutes, you get the money that you need without going through complicated requirements and documents. A perfect solution for emergency situations.

Nationwide Loans

Credit Problem

Your credit problem is never a problem with us. Even with bad or poor credit, you are still eligible to take advantage of our services. Our lenders offer cash assistance without the need for you to undergo a credit check. If you can pay the loan on the agreed schedule, your credit line will never be a problem.

FREQUENTLY ASKED
QUESTIONS

  • Nationwide LoansWHAT ARE PAYDAY LOANS
  • Nationwide LoansHOW DO I APPLY?
  • Nationwide LoansMUST I HAVE A GUARANTOR?
  • Nationwide LoansWHAT’S IN IT FOR US?
  • Nationwide LoansHOW LONG DOES IT TAKE TO GET PAID OUT?
A PAYDAY LOAN IS A TYPE OF CREDIT THAT IS SUITABLE FOR WHEN EMERGENCIES OCCUR

If you find yourself stuck in the middle of nowhere with no money in the bank and no cash on hand, the best thing that you can do is to apply for a payday loan. Payday loans are easily acquired and don’t require complicated documents, making it the best cash assistance fund during emergency situations.

  • WHAT ARE GUARANTOR LOANS?
  • WHAT ARE LOGBOOK LOANS?
  • WHAT ARE PERSONAL LOANS?

Services We Provide

  • Nationwide Loans

    Long Term Loans

  • Nationwide Loans

    Guarantor

  • Nationwide Loans

    Bad Credit

  • Nationwide Loans

    Guaranteed

  • Nationwide Loans

    Payday

Nationwide Building Society is the biggest building society in the world and in the UK with more than 15 million members. This building society helps the members with current accounts, mortgage, savings and other personal finance issues like loans. It is therefore natural that nationwide is one of the largest lenders in the UK.

For all of the loans offered by nationwide, you have to be a customer with a current account, savings or a mortgage. To get a loan with nationwide therefore you will need to start an account with them. If you have any of the main accounts with them you get at least 1% APR that is lower than for all other members.

Nationwide offers a variety of loans including the following;

Personal loans – you can get an unsecured nationwide personal loan at nationwide provided you meet the different conditions. First you must be aged between 18 and 79 years old. You should also be a member and have either a savings, current or mortgage account with them.

You should have a net monthly income of over £700. This is the net income and not the gross income. You should also not be declared bankrupt, not have a CCJ against your name or be subject to an individual voluntary agreement. This is not forgetting that you must have the right to live and work in the UK for the term of the loan. Applications from Isle of Man and Channel Islands aren’t allowed.

These are not the only terms because you will also be subjected to a credit check to determine whether you are eligible. With a nationwide personal loan the lender promises to have money in your account in two hours. You can spread the payment period to over 7 years if you want a long term loan with affordable monthly installments.

Because the loans are offered to their members they are able to give an instant online decision on whether you will get the loan or not. There is also an acceptance indicator available online on their website that can tell you whether you are likely to be accepted for a personal loan or not.

When you show interest for a long you are given a personalized quote for the loan that doesn’t affect your credit rating. You are not charged to set up your loan and there are not fees for repaying early. For a personal loan you can get anywhere from £1000 to £25,000.

Overdrafts – this is the other kind of loan available at nationwide. Overdrafts are expensive as interest is calculated on the amount of your overdraft every day and taken from your account monthly. To get an overdraft you must have a current account at nationwide and it is supposed to be your main account.

If you have an account elsewhere you are required to close it and use the current account switch team at nationwide to transfer all your direct debits and standing orders. Failure to do this with a new account you will not get an overdraft from nationwide.

Further you have to be approved based on other conditions for you to qualify for a nationwide overdraft on your account.

Debt consolidation – you can also get one loan to consolidate all your loans with nationwide building society. This is only advisable if the one loan you get will reduce the interest you have been paying. Their debt consolidation personal loans are offered over a period of 1 to 5 years but if you would like longer periods you can get for 7 years.

With debt consolidation you are able to merge all your different loans into one so you only have to make one payment every month and you are charged on a single interest rate. This helps to reduce the charges every month. If you increase the payment terms however you might end up paying more than you expected but the monthly outgoings will be greatly reduced.

If you have a poor credit rating then debt consolidation will not be for you since you might not get the loan or you might be offered high interest rates. Before consolidating your debts ensure that you will be able to afford the monthly payments that will come with the new loan.

Mortgage – if you are looking to buy a new home then you can apply for mortgage loans from nationwide building society. Mortgage loan is one of the most sought after nationwide loan. This is considering that nationwide started out as a building society.

In order to qualify for a mortgage you need to have an account with them. To secure the initial rate that you get to your mortgage you have to act fast to pay fees and submit your applications otherwise the rates can change without notice. There is also a minimum borrowing amount for existing and new members.

You can also get a loan to remortgage your already existing mortgage loan. This is called refinancing and it can help you get better terms on your loan or extend the period.

Home improvement – another one of nationwide bank loans is the home improvement loan. This loan is suitable for those that are looking to carry out improvements on their home like renovations, repairs, additions and so forth. You can get a home improvement loan even if you have a mortgage.

Car loan – you can get a car loan whether you are looking to buy a new or a used car at nationwide. These nationwide loans are given to existing members who meet the laid out criteria. If you qualify you will get the money in your account in just two hours.

Nationwide loans how much can I borrow?

The personal nationwide loans offered by this building society are anywhere between £1000 and £25,000 depending on how much you need and how much you qualify for. Before you apply for the loan however, it is important to figure out how much you can afford to pay every month.

This will involve understanding how much income you have every month and all your expenses. After you have figured out your expenses add the loan monthly payments that you can make comfortably. Understanding your ability to repay the loan this way will help you decide on the repayment period. The longer the period the lower the monthly installments will be but eventually the more money you will pay.

You can use the nationwide loans calculator to calculate the total amount you would need to pay and the number of installments you would need to complete the payments. Remember the loans are available for 1 to 7 years.

How many nationwide loans can I have?

Nationwide allows you to have additional borrowing even if you already have a personal loan. You are allowed to either top up your existing personal loan or take a new loan. When topping up your loan you are not allowed to exceed £25,000

If you take on a new loan then you have another loan separately and the total amount for both loans should not exceed £25,000.

You will need to make two separate monthly installments and the two loans can have different APRs.

How do nationwide loans work?

At nationwide you can get unsecured and nationwide secured loans. For the secured loans you have to present collateral as security for your loan. For the unsecured loans no collateral is needed. Nationwide loans are only available for members of the building society.

The rate to be paid for the loan depends on the type of loan you have borrowed, the amount you have borrowed and your personal circumstances. This means also your credit score is considered. If you have a bad credit score you will not be eligible for a loan.

If you credit score is only good, then you might be eligible but you will be considered a high risk borrower. In such a case your APR will be higher than for another customer borrowing the same loan as you but with excellent credit score.

Nationwide loans how long does it take?

Nationwide has tried as a building society with so many members to streamline their lending process. You can get approved for a personal loan instantly online and have funds in your account in two hours. That is what nationwide advertises. However this is just for members of the building society.

For others the process is long and tedious since you will have to close your other accounts and move everything to nationwide current account to make it your main account. With online lenders like Loansgreen you only apply for a loan and if you are eligible the cash is sent to your account of choice.

For truly instant loan approvals you need to consider online lenders. They have an easy application process and the loans offered are just as much or even more than nationwide offers. The terms are less strict also and it is possible to get a loan with bad credit online but not possible with nationwide.