Nationwide Loans

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Nationwide is one of the UK’s biggest building societies, and offers a wide range of personal loans to its members. On the Nationwide Building Society website, new customers will find a breakdown of loans, and have the option of using a handy loan calculator tool. But what sort of loan products are available? Let’s take a closer look.

About Nationwide Loans

Nationwide has a long and proud history, having been established as a building society in the 19th century. SInce its birth, Nationwide has grown to become the world’s biggest mutual financial institution, one of the largest savings providers in the country, and the UK’s second largest mortgage provider.

If you are looking for loans from Nationwide, it’s important to remember one thing. Because it is a mutual organisation, you must be a member. You can get membership simply by opening a savings account, a current account or a mortgage loan with Nationwide.

Products & features

The loans on offer from Nationwide cover the usual options, from loans to make home improvements and buying a car through to debt consolidation and top ups. Rates are dependent on the amount you need to borrow, and also your individual financial circumstances. However, Nationwide offer free no obligation quotes, upfront fees or arrangement charges.

Car loans are on the market from Nationwide for members at rates from 3 percent. According to the Nationwide website, you get an immediate online decision, and a free, no-obligation quote that does not affect your credit rating file.

Home improvement loans are also available from the Nationwide from the same percentage interest rates, assuming you are a member. But, if you are hoping for rates from 3 percent APR on loans of between £7,500 to £15,000 over 1-5 years, you have to be a main current account member.

If you are you struggling to manage your debts, Nationwide might be able to help you there, too. There is a broad range of consolidation loans available to members, although as with home improvement loans, you must be a current account holder to access 1-5 year consolidation loans between £7,000 and £15,000.

Top up loans are available on the same type of terms, too. As stated on the Nationwide Personal Loan page, people looking for an additional line of borrowing, or have realised they need a little extra for their home improvements, may benefit from this type of loan.

All Nationwide loans are promised to be delivered with a low loan rate, and are guaranteed to be easy to apply for, with instant online decisions. Nationwide also promise no hidden fees, and, once your application is accepted, payment of your loan into your account within 2 hours.

Summary

Nationwide loans are only available to people over the age of 18, and you must be a member of the building society. But, once you have done that, whether you are looking to improve your home, buy a new car, or tidy up your finances, a Nationwide membership with a current, savings, or mortgage account could be ideal for your situation.