Looking for a loan with minimum and low interest? If you have a current or savings account with Nationwide, you can access their personal loan. The Nationwide Online Personal Loan gives you chance to settle credit card debt, provide funds for home improvement or finance your very first car. It also has a longer repayment term of up to 7 years plus money can be transferred to your account in just about two hours!
Read on to know the requirements needed to apply for this type of loan.
Features of the Nationwide Online Personal Loan
Nationwide provides super value loans for its customers and charge minimum interest. In this article, we’re going to look closely at the Nationwide Online Personal Loan and what it can offer its customers.
Suited for individuals in need of financial assistance for personal expenses, this loan is a good choice. Aside from the fixed unsecured loans up to £25,000 you can also enjoy longer repayment term. Other lenders only offer up to 60 months term and charge as high as 12 per cent APR or higher. But with Nationwide Online Personal Loan, you get great value for borrowing a specific amount of money. However, note that funds from this type of loan shouldn’t be used for business and investment purposes, mortgage deposits and purchasing an interest land.
Another reason to get this loan is the instant decision or approval. Since this loan is only available for members of Nationwide Building Society, you can get approved within minutes. Moreover, funds can be immediately transferred to your account in two hours or less.
Those who have their main account with Nationwide have access to the fixed 3% APR for personal loans. This is definitely one of the lowest rates in the market.
Nationwide Online Personal Loan Application
To apply for this loan, log in the Nationwide website and click on Apply. You can also dial 0900 545 30 00 or visit the nearest branch. Note that applying for the Nationwide Online Personal Loan is absolutely free. To ensure the success of your application, you must be 18 to 79 years old, UK resident, have a net income of £700+ and a member of the Nationwide Building Society.
For the loan amount, you can borrow a minimum of £1,000 up to £25,000.
Fees and Charges of the Nationwide Online Personal Loan
Aside from the representative APR of 3%, there are no other fees when applying for this loan. For loans with more than 5 years repayment term, APR is at 18.9% the highest and it’s already fixed.
Opting for the Nationwide Online Personal Loan is definitely a good choice because of the hassle-free application process and smooth transaction. Since this is only available for Nationwide members, you can score the lowest interest and pay back the money in as long as 7 years. Get this today and get funds to purchase your new car or remodel your home. For more information, check out the website of Nationwide Building Society.