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Barclays personal loans review

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Fixed rates from 4.99% to 20.99% — but only for applicants with an invitation.’s rating: 4.25 / 5.0


  • Best for creditworthy applicants who received an invitation to apply.
  • Pick something else if you want to borrow more than $35,000.


Max. Loan Amount

4.99% to 20.99%



Min. Credit Score


Product NameBarclays Personal Loans
Min. Loan Amount$5,000
Max. Loan Amount$35,000
APR4.99% to 20.99%
Interest Rate TypeFixed
Min. Credit Score700
Loan Term3 to 5 years
Turnaround TimeA few business days

Expert review

Anna Serio

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 950 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Barclays personal loans are ideal if you received an invitation to apply in the mail. They come with no fees, relatively low rates and the option to choose your due date.

But you’re not guaranteed approval — even if you did get an invitation. And it only offers loans up to $35,000.

If you need more funds than Barclays offers or don’t meet its credit requirements, you might want to compare your other personal loan options.

First, am I eligible?

To be eligible for a Barclays personal loan, you must have a credit score of at least 700 and have received a letter that invites you to apply. Barclays largely bases prequalification on your credit score, although other factors like your monthly housing expenses and income also play a role.

Barclays personal loans are invitation-only

As of June 2019, Barclays has reverted its personal loan offer to be invitation-only again.

Barclays launched its personal loan offer to individuals that received an invitation letter in the mail with a code to apply. Then the lender opened it up so that anyone could apply as long as they met Barclay’s credit criteria.

However, it has decided to revert back to invitation-only. Check the Barclays personal loans site for the information on when they’ll reopen its application, or consider alternatives if you haven’t received an invitation.

If you receive a letter inviting you to apply for a loan, you’re already prequalified and can apply using your invitation code. Keep in mind that prequalifying doesn’t mean you’re guaranteed approval.


  • No application, origination or late fees
  • Competitive rates ranging from 4.99% to 20.99%
  • Choose your payment due date
  • No checking account required


  • Invitation-only for borrowers with good to excellent credit
  • Minimal borrower reviews
  • Low maximum loan amount

Compare more personal loan options

Data indicated here is updated regularly
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible personal loans
4.99% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
SoFi personal loans
5.99% to 18.53%
A highly-rated lender with competitive rates, high loan amounts and no fees.
Upstart personal loans
8.69% to 35.99%
580 or 600 depending on state of residence
This service looks beyond your credit score to get you a competitive-rate personal loan.
LendingTree personal loans
Starting from 3.99%
Good to excellent credit
Receive up to five loan offers in just minutes through LendingTree's simple online form.
NetCredit personal loans
34% to 155%
No minimum
Check eligibility in minutes and get a personalized quote without affecting your credit score.

Compare up to 4 providers

What do customers say about Barclays personal loans?

BBB accreditedYes
BBB ratingA+
BBB customer reviews1 out of 5 stars, based on 87 customer reviews
Trustpilot score2 out of 5 stars, based on 46 customer reviews
Customer reviews verified as of04 November 2019

Although not all of Barclays’ reviews mention its personal loan products, many people ran into problems with the customer service team. A few others were upset that they were required to submit so much information by mail, including copies of their driver’s license and Social Security card.

How do I apply?

Follow these steps to apply for a Barclays personal loan online:

  1. Go to the Barclays website listed on the invitation you received to apply.
  2. Enter your invitation code to begin the application.
  3. Follow the directions to complete the application with your basic personal and financial information to get your rate based on a soft credit pull that doesn’t affect your credit score.
  4. Like your rate? Continue with the application, uploading any required documents.
  5. Submit your application and wait for a response from Barclays.

What information do I need to apply?

To apply for a personal loan from Barclays, you’ll need to have a few basic pieces of information ready:

  • Invitation code
  • Proof of income
  • Proof of residence

What happens after I apply?

If approved, review your loan amount and monthly repayments. If everything looks good, sign and submit your loan documents.

It typically takes a few business days for you to get your loan funds. You can choose to have your funds sent to your checking or savings account. Or if you’re looking to consolidate credit card debt, you can have Barclays directly pay off up to five credit card balances.

How do repayments work with Barclays?

Barclays allows you to choose your payment due date upon receiving your funds. You then have two options to make repayments: Sign up for autopay or log in to your account each month to pay online. To save yourself time and the mental space to remember your repayments, consider signing up for autopay. You can always log in and make extra repayments.

Barclays doesn’t charge late fees, but that doesn’t mean being late won’t cost you. That’s because your interest continues to add up based on your loan principal. Your loan will cost more in the end if you don’t pay on time. Barclays doesn’t charge prepayment penalties, so you can save on interest by paying off your loan early.

Have any questions? You can reach out to customer service by calling 866-951-1416. If you’re abroad, you can also reach customer service by collect-calling 302-255-8888.

Didn’t receive an invitation? Compare your other options with our guide to personal loans.

Frequently asked questions

Personal loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate personal loan providers.

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