Yes, Nationwide requires applicants to have a current account with them to be eligible for a personal loan. If you are not yet a member, you will need to open an account before applying.

Once approved, loan funds are typically transferred to your Nationwide current account within 2 hours. However, processing times may vary depending on the time of application and verification.

No, Nationwide does not charge early repayment fees or penalties for overpayments. This means you can pay off your loan faster without incurring additional costs.

Yes, Nationwide provides a soft credit check, allowing you to get a personalized loan quote without impacting your credit score. This helps you explore your options before committing to a full application.

Nationwide loans can be used for debt consolidation, home improvements, travel, and car purchases. However, they cannot be used for business purposes, property investments, or speculative financial activities.

The Representative APR is 6.1% for loans between £7,500 and £25,000, with repayment terms of 1 to 5 years. However, the final rate you receive will depend on your individual financial circumstances and credit profile.

Yes, self-employed applicants can apply but must provide at least one year of verified income. Acceptable documents include an SA302 form, accountant’s certificate, or HMRC tax calculations. A good credit history and proof of stable income are also required.

Applicants typically need to provide proof of identity (such as a passport or driver’s license), proof of income (like payslips or tax returns), and details of their Nationwide current account. Additional documentation may be required based on individual circumstances.