Nationwide Loans – Nationwide Bank is the largest building society in the world that has been in operation for over 130 years.
Knowing this, by applying with them for a loan you can be sure to get the best service and expert knowledge around.
Summary of Contents:
Get Nationwide Loans Personal Credit
Nationwide Loans offer personal loans for amounts of £7,500 up to £14,999.
Applicants are able to borrow the money over the period of 12-60 months to make their repayments.
The money you borrow can be used for whatever you see fit.
This could be for debt consolidation, make home improvements or even to buy a new car.
Use The Nationwide Secured Loans Calculator
By using the Nationwide Secured Loans calculator you will be able to estimate how much it will cost over the term of the loan, including interest, what the APR rate will be and how much it is likely to cost you per month.
This helps to find a plan that best suits your budget.
Although the calculator is helpful in estimating what the loan is likely to cost until completing an application form you will not have the confirmed and final details on the loan.
By applying online for a Nationwide Loan you will be able to receive an instant decision on whether you have been accepted.
The application form is very simple and should only take you a few minutes to complete.
The applicant’s circumstances and credit rating will affect how much a person will be able to borrow.
Due to this a credit search will be carried out on the potential customer to provide Nationwide with a better idea of whether to lend the money or not.
An application for Nationwide Secured Loans is completely obligation free and so the applicant does not have to go ahead with their quote if they are not fully happy.
Also, the application will not affect a person’s credit rating and so you can apply in confidence.
You can be sure when applying with Nationwide for loans there will be no fees occurred if you decide to go ahead.
There are no fees when setting up the loan and no fees if you settle your loan early.
If accepted for Nationwide Loans, if you have a current account with them, you can receive the funds within 2 hours of approval.
Excellent if you are in a hurry for the money.
To qualify for a Nationwide Loan you must live in the UK, be aged 18-79 and have a net monthly income of more than £700.
Secured or Unsecured Homeowner Loans?
There are two main kinds of loans – Secured Loans and Unsecured Homeowner Loans.
The main difference between the two types of loans is that with secured homeowner loans you are required to provide security or collateral against the amount you are borrowing, but an unsecured loan does not.
Also, each type of loan can have different repayment terms and interest rates and depending on your circumstances, one or the other may be a better choice for you.
Secured Homeowner Loans – mostly used for purchasing larger value items like a home or a car.
If you cannot repay the loan this may mean the repossession of the home or car, as the lender seeks to recover the amount they lent you and the interest on the homeowner loans.
Secured Homeowner Loans usually give you the option of higher borrowing limits and lower interest rates and are generally easier to obtain.
The amount you can borrow will depend on the value of the asset you are borrowing against.
Secured loans are sometimes called Homeowner loans.
We have lenders that lend up to 95% loan to value and who will also ignore adverse bad credit for new homeowner loans.
Unsecured Loans – these do not require any form of collateral so you will not lose your house or car if you cannot keep up with payments.
The lender will make a decision to give you a loan based on your income and your credit history.
Unsecured loans usually have a higher interest rate than secured loans and can be in the form of personal loans for any purpose.
Why not apply using our short application form and see what deals we can offer you now.
Home owner loans – a home owners loan are loans that are secured against your home and so are only available to applicants that are homeowners and those that have equity in their homes.
Home Owner Loans Customer
David from Bedford was a homeowner and needed £42,000 to make a few home improvements and to pay off some debts.
A personal loan was not going to be able to loan him enough and so he searched for home owner loans and found links to our page.
David went through one of our certified lenders and said the process was very quick and easy. David is currently in the process of building his extension.
If like David you are a homeowner with equity in your home and you need to borrow more than £25,000 secured home owner loans are your best option.
Home owner loans can also be known as a second charge, secured loan or a second mortgage.
You can use home owner loans for anything. Unlike that of a car loan that is specifically for a car purchase.
Typically, however, secured loans due to the large amount that is usually borrowed are used for home improvements, debt consolidation or a combination of large purchases.
A home owner loan is a loan that consist of regular monthly repayments and is usually borrowed over 5 to 25 years.
This means it makes it easier for you to plan ahead as you are aware of what your loan repayments will continue to be over the term of the loan.
The good thing about home owner loans is that they are certified by the Financial Conduct Authority (FCA).
This means the same rules and regulations that are in place for mortgages are also relevant to secured loans and so you can guarantee you are being protected when taking out this type of loan.
A home owner loan is ideal for those with an existing mortgage that wish to borrow quite a large amount of money.
Typically personal loans are only for borrowings up to £25,000 and so if you require more a secured loan is your best option.
The key requirement of a secured loan is that you are a home owner and you have enough equity in your home to borrow against and can make the repayments.
Be aware that by securing a loan against your house if you should default over the period of the repayments you risk losing your home.
By not making a payment the lender can take you to court to get repossession of the house.
How it works is your original mortgage is repaid back first then the secured loan with the additional lender is then repaid back for the outstanding debt.
However if you are using part of the loan to consolidate debts as long as you stick to your repayments it can be a positive effect on your credit profile, which in the long term is great.
Click on the links on this page to be taken to a wide range of lenders that offer great deals on loans for homeowners that are certified by the FCA.