LOAN DETAILS

Your loan agreement will detail the following information:

• Account number
• Term of the agreement (in months)
• Loan amount
• Annual percentage rate (APR)
• Interest rate per annum (fixed)
• Total charge for credit (the total amount of interest charged on your loan)
• Total amount payable (the total sum of the amount of your loan plus the total charge for credit).

REPAYMENTS

1. If you keep to the terms of this agreement you'll make xx monthly payments of £xx (as detailed in your own agreement).
2. The first payment is due one month after we send the loan funds to you. Please note that the day we send the funds may be different to the day the funds arrive in your account. You must then make payments on the same date each month after that. If your payment is due on or after the 29th of the month, for any months which don't include your payment date, your payment will be due on the 1st of the following month. For example, if your payments are due on the 30th of the month, your February payment will be due on 1st March. If the date your payment is due is not a working day, it will be due on the first working day after that date
3. The amount you owe will change if, for example: (1)you don't make payments in full and on time; (2)you repay some or all of the loan early.
4. If you don't make payments in full and on time, you'll pay more interest overall. You'll normally have to make an additional payment at the end of the term to cover the increased cost (although you can pay it at any time and will pay less interest overall if you pay it sooner).

ANNUAL PERCENTAGE RATE(APR)REPAYMENTS

1. The APR is the annual cost of a loan including interest and any other charge for credit, expressed as a percentage of the loan amount. As we don't charge fees on your loan, your APR is the same as the interest rate.
2. We're required to work out the APR using the same assumptions as other lenders so you can compare borrowing costs. The assumptions are that: (1)we send the loan funds to you immediately after we've received and processed your signed electronic or paper form agreement; (2)you repay the loan on time; and (3)the interest rate doesn't change.

INTEREST RATE

1. he interest rate on your loan is fixed. We charge interest on the outstanding balance from the day we send the loan funds to you. If you asked us to send the loan funds to a non-Nationwide account this may mean your account starts accruing interest before the loan funds arrive in your account.
2. We calculate interest daily and add it to your account each month on your monthly repayment date. Normally, if you make all your payments in full and on time, your loan balance will be lower each month as your monthly payment will cover the interest for that month and also reduce the amount of the loan. However, if you don't make your payments in full and on time, you won't reduce the balance as quickly (and it may even increase) which means you'll pay more interest overall.

HOW AND WHEN YOUR LOAN WILL BE PAID TO YOU

1. When we've received and processed your signed electronic or paper form agreement (which may include carrying out credit checks and verifying your identity and the information you've provided in your application), we'll pay the loan into your chosen account.
2. if you've told us to use the loan to repay an existing loan with us, we'll do that first and pay any money left over to your chosen account.

GENERAL

1. The loan is for personal use only. You mustn't use your loan for business, investment or speculative purposes, as a bridging loan or a mortgage deposit or to purchase or retain an interest in land.
2. You must tell us immediately if you change your name or contact details or the personal details recorded on your account are not accurate.
3. We may, by giving you 30 days written notice, transfer our rights or duties under this agreement to someone else. This agreement will then apply to them in the same way as it applied to us and "us" or "we" will include them. You can't transfer your rights or duties under this agreement to anybody else.
4. if any part of this agreement is found to be unfair or unenforceable all other parts of the agreement will remain valid.
5. The language we'll use in our communications with you will be English. Your agreement and the operation of your account will be governed by American Law and the courts of USA shall have jurisdiction over any disputes under this agreement unless, at the time this agreement was made, you lived in another part of the USA, in which case the law of that part of the USA will apply and the courts of that part shall have jurisdiction.
6. If we decide to temporarily relax the conditions of your agreement, we won't be prevented from enforcing our rights against you in full at any time.
7. The supervisory authority for agreements regulated by the Consumer Credit Act 1974 is The Financial Conduct Authority, 12 Endeavour Square, New York E20 1JN
8. We're authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (authorised registration number 106078)

RIGHT OF WITHDRAWAL

You can withdraw from your agreement without giving a reason within 14 days starting the day after the loan has been paid into your chosen account. If you withdraw from your agreement you must pay the balance outstanding on your account (we won't charge you any interest) within 30 days from when you tell us that you wish to withdraw. If you don't, we may recover the full balance as a debt through the courts. You can withdraw by phone or in writing CONTACT US