Personal loans
All you need to know about an N&P Personal loan
Typical 9.26% APR variable
This is what's on offer with an N&P Personal loan:
- Borrow for a new car, a special holiday or your home
- Decision in minutes
- Fixed interest rates so your payments won't change
- Protect your loan repayments
- Easy to apply - Existing customers can apply online, by phone or in branch, If you are not a customer you can apply through any of our branches.
Use the loan repayment calculator and see how much you could afford to borrow and how much your monthly repayments could be.
Apply now for a great loan with a quick decision
You’ve got better things to do with your time than spend hours on the phone arranging a loan. That’s why when you apply at your local branch or over the phone you’ll get a decision in just a few minutes.
All you need to do is let us know how much you would like to borrow, and for how long, and we will give you a quote based on your personal circumstances. And, just to give you an idea of how attractive our loan rates are, our typical rate for borrowing £10,000 to £25,000 is 9.26% APR.
Nothing to repay for 2 months
Better still, we even offer a repayment holiday with no need to repay a penny for the first two months after you receive your money. The repayment holiday must be taken at the start of the loan and interest will still be charged during this period.
You could have your money today
Ask in-branch or give us a call and we can give you a decision in minutes. If your application is approved, and once we’ve received your signed loan agreement, you could have up to £25,000 paid into an N&P account the same day. Alternatively we can transfer the money to another account within a few days.
Whether it’s a new car, a dream holiday you’ve promised yourself, or an extension to the house, the loan is yours to spend however you wish.
Take a look at the table below to see just how affordable a loan from us could be.
Based on £10,000 over 5 years (60 months) |
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APR Typical |
Monthly payment |
Total amount repaid |
Saving you? |
|
| N&P | 9.26% |
£208.55 |
£12,513.00 |
- |
| First Direct | 9.9% |
£210.99 |
£12,605.40 |
£92.40 |
| Natwest | 11.4% |
£216.84 |
£13,010.40 |
£497.40 |
Source for competitor analysis: Moneyfacts September 2008.
All figures are based on £10,000 – not including a payment holiday or loan payment insurance.
Rates are typical and will depend on your personal circumstances. Competitors quoted may
offer lower rates to existing customers, web or telephone applications or for larger loans.
Summary Box
Summary Box Key information for Norwich and Peterborough Personal Loan £2,000 to £25,000 |
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| Interest - APR | Typical 9.26% APR (for loans of £10,000 and above). If successful, the interest rate you will pay is based on the amount you choose to borrow, and the time period over which the loan is repaid. |
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| Interest rate | 6.38% to 23.93% |
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| Interest charging information | Once agreed the APR is fixed and charging guaranteed for the life of your loan. |
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| Repayment information |
Typical 9.26% APR (for loans of £10,000 and above). If successful, the interest rate you will pay is based on the amount you choose to borrow, and the time period over which the loan is repaid. |
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| Repayment period | Loans are available over 24 to 84 months period in 6 monthly intervals. |
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| Amount of personal loan available | Loans are available from £2,000 to personal £25,000 | ||||||||||||||||||||
| Application/ Arrangement fees |
No arrangement fees | ||||||||||||||||||||
| Other fees | Optional transfer of funds via Telegraphic Transfer £30 |
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| Default fees | Late payment fee £25 |
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| Early settlement | If the personal loan is settled early an early settlement settlement fee equal to one additional month’s interest calculated on the balance outstanding will be payable. |
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Illustrative example |
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Personal Loan Payment Protection Insurance
Could you make repayments if you were unable to work? Take out Payment Protection Insurance and there's no need to worry.
Life |
Accident & Sickness |
Unemployment |
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| Full Cover |  |
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| Standard Cover | |
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Full cover gives you life insurance and protects your repayments in the event of an accident or illness, as well as unemployment. Standard cover includes life cover, accident or sickness but excludes the unemployment cover. Please ask us for more details and a copy of the Payment Protection Insurance brochure. It is important that you check this policy covers your requirements and that it is suitable for your needs.
Important information
APR and repayment details are correct at the time of print. Loans are provided, subject to status, by Norwich and Peterborough Building Society, Peterborough Business Park, Lynch Wood, Peterborough PE2 6WZ. Authorised and regulated by the Financial Services Authority. The Society is not an agent for Pinnancle Insurance Plc.
More details regarding Payment Protection Insurance are available upon request. Terms and conditions apply. Payment Protection Insurance is underwritten by Pinnacle Insurance Plc, Pinnacle House, A1 Barnet Way, Borehamwood, Herfordshire, WD6 2XX. Registered in England NO 1007798. Authorised and regulated by the Financial Services Authority.