Nationwide is the second largest building society in the world. As it is a mutual society, it exists solely for the benefit of its members, and may be able to offer better interest rates than traditional shareholder owned companies. The Nationwide loan is available to new and existing customers, offering between £500 and £25,000 at a fixed rate of interest for the life of the loan.
The Nationwide loan is offered at a typical advertised APR of 8.90%. The interest rate offered to you will depend on your financial situation; you will be formally provided with a rate after an assessment of your personal credit rating .
Repayment options are available over 1 to 7 years, and you may repay up to £100 over your contracted payments each month. However, early settlement on the loan will incur a penalty of up to two months interest, and there are no repayment deferment options available with the Nationwide loan.
It is always within your best interests to find the best options available for your financial situation, in order to get the most value for your money. For a thorough comparison of the loan options currently leading the UK market, including Nationwide loan products complete the form on this page. You might find a more suitable option for your budget and save yourself thousands.