Nationwide Personal Loans Review (UK)
Nationwide Personal Loans – Nationwide allows UK citizens to apply for personal loans as long as they earn more than £700 a month.
They claim that they offer the loan within 2 hours of applying on their main website.
In case the client has a mortgage or savings account with the provider, Nationwide personal loan would be offered at an extremely low interest rate.
Applying for a Nationwide Personal Loan
The process of applying for loan with Nationwide is quite simple. They usually provide their clients with online feedback. Their assessment technology and team will let the customer know whether the loan is going to be accepted or not beforehand.
Customers may check their official website for further information. A client gets the option of having the loan delivered to their bank account within 3 days, if it’s not a Nationwide account.
This can be any bank account or even a building society one. If the customer owns a Nationwide account, their loans UK would be processed two hours after being accepted. As mentioned earlier, if a current savings or mortgage account with Nationwide is available, the customer would be eligible for a loan with a %2.9 APR. These apply for loans from £7,500 and up to £20,000 Loan.
Nationwide Personal Loans Repayment and Other Terms
Nationwide offers the ability to repay the loans over an extended period for their clients. Visitors may get a quote for repaying their loan over 7 years. This can be done easily on the official website. If the account is not eligible for the lower interest rate, the online personal loan calculator may be easily utilized to determine how much is going to be repaid. It doesn’t cost anything to use the tool, it’s there to help customers out.
There are several borrowing options when a customer tries to apply for loan with Nationwide. A credit card or an overdraft can be use. Customers can also consult their team to help out with different borrowing options.
Also, the customer may not use any of their loans to make an investment or any kind of business endeavors. These loans provide to help with financial responsibilities and ordeals. One consult with their team when opting for a loan due to other reasons.
The fixed rate on their personal loans is quite decent. Also, having the possibility of extending the monthly installments over a longer period of time can be helpful. They claim that they do not hide any of their fees, which is really important when dealing with a loan provider. The online personal loan calculator should be used whenever a client is making a decision.
As with most lenders, clients should do their own due diligence when they apply for loan. A client needs to understand the full proximity of the contract, and the terms of repayments. One should ask for help when needed, Nationwide would be happy to assist. Also, on a more general note, clients should not borrow more than needed. It’s important to understand the interest rate applied to a personal loan before securing it.