Rating based on 53 reviews

Nationwide

Updated
  • Debt consolidation up to £25,000
  • Low-interest starting from 3.4%
  • Repayment up to 5 years

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Author Nationwide. Screenshot of Nationwide website.
[Accessed September 8, 2021]

About Nationwide

Nationwide is a leading online lender that offers its customers quick cash solutions at low rates.

Nationwide is a reliable lender that provides various loan products which include; credit cards, personal loans, home loans, vehicle finance, foreign exchange, current accounts as well as savings accounts among many others.

Start managing your debts

Bad debt is one of the most popular search terms on the internet. Individuals simply don’t know how to manage their debt and it’s not the lender's fault either.  With the increase in online lending, people can get a payday loan instantly and are constantly tempted to buy things, take out loans, or simply spend money.

Resist financial problems

The problem is when interest rates rise and the costs of living increase, individuals are left with a lot more money at the end of their month and are further tempted to take on more debt.

This pushes people into a spiral of debt that is very difficult to get out of and soon enough they start missing payments, damaging their credit and feeling miserable about it all. At Nationwide, they don't offer bad credit loans, since they know that taking on more debt will simply make things worse.

Nationwide Services

Instead of making more debt, why not take out a consolidation loan, to cover all your previous debts.

Nationwide can help you make an awful situation easier as well as help you deal with your debt most efficiently. If you are bombarded with debt from credit cards, store cards or different loans, a debt consolidation loan in the form of a personal loan can help you handle your situation.

Lower rates & easier payments

You can secure a lower, fixed-rate debt consolidation loan that can help you wipe out hundreds of pounds in future interest installments. You can also control your budget by combining numerous higher-interest bills such as credit cards, retail chain cards or doctor's expenses into one convenient scheduled installment.

Be in control with a debt consolidation loan

You'll know from the very beginning precisely how quickly you can pay off your debt consolidation loan. You will then pick the timetable that best fits your financial circumstances which are based upon your income, expenses and the size of your combined debt. Nationwide will then tell you what interest rate they can offer you including the confirmation of the loan amount and in addition, they will tell you how much your loan will cost in total and when you will be able to pay it off.

Nationwide – Consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate from 3.4%
  • Loan Amount up to £25,000
  • Repayment 1 years to 5 years

Benefits of Nationwide

  • Get lower rates
  • Lower monthly repayments
  • All our fees are transparent
  • Apply online and get an instant decision

Apply for a loan online today and start your journey towards being debt-free! 

Nationwide has one of the most affordable debt consolidation loan rates available on the market.

Getting a debt consolidation loan through Nationwide is simple, helpful and most of all, affordable. If you're looking for a loan to finally get a grip on all your unsecured debts, Nationwide’s consolidation loans can do the job at a reasonable rate with unmatched flexibility.

Nationwide loan repayment details

Nationwide has no hidden fees and will only charge you an additional 30 days worth of interest if you decide to settle your debt consolidation loan earlier. You can request a settlement quotation at any point during the loan term and this quote will remain valid for up to 28 days. Your first monthly repayment will be debited from your account 30 days after the debt consolidation loan is paid into your account, which will continue until your loan has been settled.

Is debt consolidation the right solution

A debt consolidation loan can help you if you have a lot of unsecured debt. You won't always save money at the end of the day, since you'll have to pay interest for a lot longer than previously. If you're considering loan consolidation contact Nationwide, they can advise you on whether this is a good option or in the meantime suggest alternatives.

Reasons to choose Nationwide to consolidate.

Nationwide provides loans to new and existing customers of between £1,000 and £25,000 with a loan term of between 1 and 5 years, which means that you can find a quick loan to suit your budget, anytime! Their Representative Annual Percentage Rate (APR) is currently sitting at an incredibly low figure of just 3.4%, which opposes all other mainstream and online lenders. They also do not charge any arrangement fees in the process.

Criteria for a debt consolidation loan

  • You will be required to be over the age of 18
  • Must have an annual income of £10,000 or more.
  • You must be a UK resident
  • Have a bank account that supports direct debits.

Nationwide will then run a credit search to ensure that you can afford the debt consolidation loan as well as offer you an APR based on your financial circumstances.

Applying for a debt consolidation loan

The entire debt consolidation loan application process can be done online and it is recommended that you make use of their budget calculator to work out exactly what you can afford before filling out the online loan applicationNationwide also recommend that you add up all of your existing debts and check to see if you’ll save on interest by taking out a debt consolidation loan with them, before making your final decision.

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Nationwide is a trusted & reliable provider of debt consolidation

In our review, Nationwide adheres to the compliance criteria in accordance with the Financial Conduct Authority, where the granting the loan will not cause financial distress to the consumer.

Nationwide is a registered credit provider in UK: FSA 106078

Customer Reviews & Testimonials

September 2021

When I found myself needing advice as soon as possible they contacted me once I had contacted them they took the time and that is why I chose them to help me.

Kathleen C
— Essex —

May 2021

The application took a few minutes and within the same day I got a response, I didn’t think it possible to be helped so soon but they did.

Jack S
— Christchurch —

Nationwide Contact

Contact Number

E-Mail

  • not available

Website

Physical Address


Postal Address

  • Financial Ombudsman Service Exchange Tower, London, E14 9SR, United Kingdom

Opening Hours

  • Monday 08:30 – 16:30
  • Tuesday 08:30 – 16:30
  • Wednesday 09:30 – 16:30
  • Thursday 08:30 – 16:30
  • Friday 08:30 – 16:30
  • Saturday – Closed
  • Sunday – Closed