Use our Nationwide loan calculator to evaluate how much you'd pay back on a fixed-rate, unsecured Nationwide personal loan as an existing customer (which you'll need to be, in order to apply). Loan amounts between £1,000 and £50,000 with rates starting from 5.9%.
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Our calculator lets you pick how much you want to borrow over a time frame that suits you, so you can estimate how much you would pay back each month and pay back overall. We base our calculations on Nationwide’s representative APR, but it’s important to note that your circumstances can affect the rate you’re offered.
Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.
How do Nationwide loans compare against the competition?
See today's rates from across the personal loan market.
The Nationwide Building Society Personal Loan charges 5.9%APR representative on loans between £7,500 and £25,000. Nationwide offers the unsecured personal loan with repayment terms between 1year and 7years, and applicants can apply to borrow from £1,000 to £50,000.
Key features
The world’s largest building society, Nationwide provides fast and straightforward fixed-rate loans to members (that’s people who hold a current account, mortgage or savings account) only. If you’re an existing customer, you could have funds in your account in as little as two hours.
Loan type
Unsecured Personal Loan
Loan amounts
£1,000 to £50,000
Loan terms
1 year to 7 years
Loan rate type
fixed
Fee
0%
Same-day funding available
Same-day funding note
Existing current account customers can receive funds within 2 hours.
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methods
Direct debit
All interest rates are fixed for the duration of your repayment period, meaning you’ll pay the same amount each month and you’ll know how much the loan is going to cost you overall. However the rate you’re offered will depend on factors like the amount you apply for, the term of the loan, your credit rating and your income. It may differ from the advertised “Representative APR”.
APR and Representative APR explained
The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan. Because Nationwide doesn't charge an arrangement fee, its APR comprises just the interest rate – and so they're one and the same.
However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what Nationwide gives to at least 51% of those who take out the loan. The other 49% could pay more. Nationwide must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.
Nationwide advertises a representative APR of 5.9% on loans between £7,500 and £25,000 on the Nationwide Building Society Personal Loan.
Am I eligible for a Nationwide personal loan?
When applying for a personal loan with Nationwide, factors such as your credit history, income and the amount you apply for will be considered. You shouldn’t apply unless you’re certain you can meet the repayment terms. You’ll then also need to meet the following criteria:
Hold a Nationwide current or savings account.
Aged 18 or above.
UK resident.
Have a net monthly income of above £700.
Haven’t missed 3 or more credit commitments in the last 12 months.
You’re not currently being declared bankrupt, have a CCJ (county court judgement) against your name or be subject to an IVA (Individual Voluntary Arrangement).
However because Nationwide personal loans are only available to Nationwide members, if that includes you, you may not need to jump through so many hoops.
What credit score do I need to get a Nationwide loan?
Nationwide typically offers loans to applicants with high credit scores. It's important to note that your credit record is just one factor that Nationwide considers. However, if you don't have a high credit score, you're very unlikely to get approved for a Nationwide loan.
A "Good" or "Excellent" credit rating would require a score of 881 or higher if you're referring to Experian's scale, 531 or higher if you're referring to Equifax's scale and 604 or higher if you're referring to TransUnion's scale.
Do Nationwide loans give an instant decision?
Yes, Nationwide offers instant decisions online in most cases. (Occasionally, more information may be required.) First, you can use the soft-search eligibility checker to find out your chances of getting approved. (This won't affect your credit score.) Then, if you opt to go ahead and apply, you'll get an instant answer. Nationwide can also offer same-day funding of your loan.
Can I get a second Nationwide loan?
Yes, Nationwide allows you to have more than one loan running at the same time. Each application for credit will be considered on its own merit. Alternatively, Nationwide also allows you to effectively "top up" your loan by closing your current loan and starting a new, larger loan. There's no penalty for repaying ahead of time, but bear in mind that any overpayments may be subject to up to 2 months of interest beyond the date on which you overpay. Because of this, it may work out cheaper to run a second loan alongside the first, rather than consolidating the 2.
Can I make overpayments on a Nationwide loan?
Yes, you can make overpayments without incurring any penalty fee. However, Nationwide can continue to charge interest for up to 2 months on any sums overpaid. So, although making overpayments stands to save you money in interest, you may not save quite as much as you'd imagined.
Is there anything I can’t use a Nationwide personal loan for?
Nationwide states that these loans should not be used for:
Extended loans term of up to 7 years for Nationwide current account holders
Money into your Nationwide account in hours
Cons
Unsuitable for deposits on mortgages or business payments
You have a county court judgement against your name
Only available to Nationwide members
What do customers say about Nationwide?
93% of customers we surveyed in 2026 would recommend Nationwide to a friend.
It is a trusted provider offering clear, jargon-free personal loans with competitive interest rates. Customers who already bank with Nationwide appreciate the convenience of managing their loan alongside their current account within a single, highly functional app.
The flexibility to easily track balances and make early repayments is frequently highlighted as a major benefit.
AI-generated summary from the text of customer reviews on Finder.
Customer support
For help with loans, you can contact Nationwide’s customer support on 03457 30 20 11. Lines are open Monday to Friday, 8am to 6pm. Saturdays, 9am to 1pm.
Our verdict
In order to apply for a personal loan, you’ll need to have a Nationwide mortgage or be a Nationwide current or savings account holder. However, the online process should be fairly pain free.
Bear in mind that there are certain situations which you won’t be able to use the loan for, and the usual review of your income and credit history will also apply before determining if you’re approved.
Take a look at Nationwide’s competition above to compare deals.
How do I apply?
If you've decided that a personal loan from is right for you, you can head over to 's website to apply. Completing the secure online application form usually takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you'll need to make the process as straightforward as possible.
Frequently asked questions
Dating back to 1846, Nationwide is one of the few building societies left that offers current accounts nationally.
A building society is different from a bank in that it doesn’t have any investors – people who register for a current account, a savings account or a mortgage automatically become members, and are the owners of the company. Cutting out the need for paying dividends to shareholders is meant to result in better interest rates on savings accounts for members. As a mutual, Nationwide is run by and for the benefit of its members, re-investing profits into improving its products and services.
Nationwide has grown to be the second largest provider of household savings and mortgages in the UK.
If your application is approved, you’ll be able to sign up for your loan online. You’ll then be sent a copy of the loan agreements when the funds are issued.
For joint applicants, electronic contracting is still unavailable.
Yes, but both applicants must reside at the same address and one of the applicants must be a member of Nationwide Building Society – this means having a current account, mortgage or savings account with Nationwide.
A soft search allows you to do as many quotes as you like without leaving a footprint on your credit file. This stops you from applying for the wrong products and harming your credit score, which would make it harder to be accepted for the right loan in the future. You can then choose which individual quote is right for you and you can proceed with that application.
All Nationwide personal loan customers can make overpayments of any amount at any time during their loan term.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.
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We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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