Nationwide Personal Loan Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | Rating out of 5 | ||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Credit Rating |  | good | Most suited to individuals who have an average income and a recent credit history free from credit defaults, arrears, CCJs or missed payments. The majority...expand | ||
| Guarantor Required | | no | no | ||
| Existing Customers Only | | yes | 7.7% APR typical on loans of £5,000 to £14,999 for up to 5 years for FlexAccount (debit card) customers*
*Must have a monthly credit turnover of at least...expand | ||
| Minimum Age | | 18 years | The minimum age is 18 years. | ||
| Minimum Income | | £9,000 | Must have a monthly credit turnover of at least £750 (excludes internal transfers) for the last 3 months. | ||
| Rates: | |||||
| Headline Rate APR | | 7.6% | 7.6 |  | |
| Suitability: | |||||
| Loan Type | | Unsecured | Unsecured | ||
| Minimum Loan | | £7,500 | The minimum loan available with quoted APR is £7500. Loans under £7,500 are available but they are personally priced. |  | |
| Maximum Loan | | £25,000 | The maximum advance is £25000. | | |
| Minimum Loan Term | | 1 year | The minimum loan term is 12 months. | ||
| Maximum Loan Term | | 5 years | Max loan term is 60 months. |  | |
| Online Decision | | yes | A decision in minutes. | ||
| Joint Application | | yes | Joint applications are available. | ||
| Debt Consolidation | | yes | Can apply for a Nationwide Loan to consolidate debts. | ||
| Fee & Charges: | |||||
| Early Repayment Charge | | 58 days | 28 days interest for new loans of 12 months, 58 days interest for new loans of more than 12 months | ||
| Facilities: | |||||
| Deferred Start | | 1 month | 1 months | ||
| Express Delivery | | no | No express delivery option available. | ||
Apply for this loan: | |||||
