Nationwide Building Society is an old and established building society in UK with its headquarters in Swindon. It has approximately 20 million accounts, 13 million members and employs 19,000 people in the UK. So far,
Nationwide is UK’s only financial institution to offer transactions free of cost-whether electronic or cash withdrawals-worldwide, now with their VISA debit cards.
Not only does it provide financial services directly, but it operates through its 680 branches and 200 agencies too. It is seen as a big name in mortgages, savings, Personal Banking and commercial lending in the UK. It is also a loan provider, though only to UK residents, through its group company,
Nationwide Loans.
Nationwide Loans could come in handy if you’ve decided to buy yourself a car, or make home improvements or perhaps want to pay up all outstanding credit and store card balances into one monthly payment. In such circumstances, Nationwide Loans can come to your help. Before taking a decision, it’s well worth seeing all your borrowing options here and then seeking good financial advice.
To begin with, you could:
- Choose repayment terms ranging from 1 year to 7 years
- Waive paying arrangement fees
- Top up an existing loan online to a maximum of £25,000
When you apply for a loan from
Nationwide Loans, you’re sure to find that the prevailing interest rates vary, depending on the loan amount. Make sure you get loan payment protection cover or LoanCare in case you become redundant during the term of repayment, or meet with an accident or become ill.
Payment Protection Insurance (PPI): When requesting a personal loan from
Nationwide Loans, you should take a realistic view of just how much you can repay in monthly installments. At this point in time, however, should you fall sick, meet with an accident or become unemployed, this Company does not sell Payment Protection Insurance which can overcome your situation. However, there are other insurers in the market who do sell this cover.
Missed payments: Obtaining credit can become more difficult if you have a series of missing payments. So, it you do lag behind in your payments, we will pass on this information to a credit reference agency. Such agencies, as you are aware, keep such information for a period of six years. It can be viewed by any company you apply to for a loan or credit card, and this history can obstruct your ability to get credit from any lender in the market.
Loan top up: If you top up a loan with
Nationwide Loans when looking to get additional borrowing, you could stand to gain great value from this Company. All you need to do is to borrow any amount beginning at £1,000 and going up to a maximum of £25,000 for a maximum period of seven years, while your interest rate remains fixed. This means your repayments don’t change. All loans are available to those 18 years or older, and are subject to one’s status...
