Nationwide personal loan interest rates and details

Learn more about how our personal loans work, how to repay them and what rates we charge.

What are our loan interest rates?

This table shows our highest and lowest interest rates and Representative APRs for different loan amounts.

These rates are for loans between 1 and 5 years. For loans up to 10 years, we'll need some more information from you when you apply.

Details of Interest rate ranges for loans over 1 to 5 years
Loan amount	Lowest rate (fixed)	Highest rate (fixed)	Representative APR (fixed)
£1,000 to £2,999	14.9%	29.9%	14.9%
£3,000 to £4,999	13.9%	29.9%	13.9%
£5,000 to £7,499	6.7%	29.9%	6.7%
£7,500 to £25,000	5.6%	29.9%	5.6%
£25,001 to £35,000	6.9%	29.9%	6.9%
£35,001 to £50,000	7.9%	29.9%	7.9%

Representative example

5.6% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 5.6% p.a (fixed). Monthly repayment £190.83. Total amount repayable £11,449.80.

What interest rate will I get?

The interest rate we offer you will depend on a few things, like:

how much you want to borrow
how long you want to borrow for
your credit history and current financial situation.

You can get an estimate of what your interest rate might be with our personal loan calculator.

To find out exactly what rate we can offer you, you’ll need to get a personalised quote.

How do I get a quote for a loan?

You can get a personalised quote by completing our application.

After you’ve told us about yourself and the loan you want, we’ll give you a quote. The quote will be based on the information you give us, so it will be just for you. You can then decide if you want to continue with the application. Getting a personalised quote doesn't affect your credit rating.

Choosing the right loan

With some small changes, you could get a better interest rate and save money. Like borrowing a bit more or less than you need, or over a longer or shorter time. It's worth checking. Even a small change can make a big difference to the overall cost of the loan.

When you get a quote, you can try different amounts and lengths and get as many quotes as you need. And you can always go back to your original quote if that one was better.

More about choosing the right term length and loan amount

How is interest worked out on my loan?

We calculate interest at the end of each day. The quicker you pay off your loan, the less interest you'll pay overall.

When will I get my loan?

Once we've checked your documents and approved your loan, we'll pay the money into your chosen bank account. You'll have it in 2 hours.

Will I need to provide any documents?

If we need proof of income or your right to live and work in the UK, we’ll let you know by email. If we need anything, we’ll email you within 5 days of your application. The email will explain what documents we need and how to send them to us.

What documents we might ask for to approve your loan