Barclays personal loans

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★★★★★
Customer satisfaction

Loans funded in minutes if you apply online or in the app and are approved

Available to existing Barclays customers only

Calculate the cost of a Barclays loan

How much do you need to borrow? £

15000

How long do you need to borrow for?

3

years

Sort by:

Name	Product	Total Payable	Monthly Repayment	Representative APR	Link
Barclays Bank Existing Current Account Customer Barclayloan					View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 5.5% p.a. (fixed). Representative APR 5.5% and total payable £10,848.60 in monthly repayments of £301.35.	Compare	loading Fetching your data...
Barclays Bank Existing Premier Account Customer Barclayloan					View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 4.3% p.a. (fixed). Representative APR 4.3% and total payable £10,663.20 in monthly repayments of £296.20.	Compare	loading Fetching your data...

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Our calculator lets you pick how much you want to borrow, and estimate how much you’d pay back monthly and overall. We base our calculations on the Barclays’ representative APR, but it’s important to note that credit is subject to status and your circumstances may affect the rate you’re offered.

How do Barclays loans compare against the competition?

Before you take out a personal loan, it’s smart to read up and shop around. You can use the table below to see how much the loan you have in mind cost cost with a range of lenders.

How much do you need to borrow? £

15000

How long do you need to borrow for?

3

years

Sort by:

Name	Product	Total Payable	Monthly Repayment	Representative APR	Link
Lending Works Personal Loan					Check eligibility View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 8.7% p.a. (fixed) with an application fee of £0.00. Representative APR 13.5% and total payable £12,083.04 in monthly repayments of £335.64.	Compare	loading Fetching your data...
Barclays Bank Existing Premier Account Customer Barclayloan					View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 4.3% p.a. (fixed). Representative APR 4.3% and total payable £10,663.20 in monthly repayments of £296.20.	Compare	loading Fetching your data...
Hitachi Personal Finance Hitachi Personal Loan					Check eligibility View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 3.2% p.a. (fixed). Representative APR 3.2% and total payable £10,493.64 in monthly repayments of £291.49.	Compare	loading Fetching your data...
Lloyds Bank Existing Customer Personal Loan					View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 3.9% p.a. (fixed). Representative APR 3.9% and total payable £10,601.64 in monthly repayments of £294.49.	Compare	loading Fetching your data...
Barclays Bank Existing Current Account Customer Barclayloan					View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 5.5% p.a. (fixed). Representative APR 5.5% and total payable £10,848.60 in monthly repayments of £301.35.	Compare	loading Fetching your data...
Zopa Personal Loan					Check eligibility View details	Representative example: Borrow £10,000.00 over 5 years at a rate of 8.8% p.a. (fixed) with an application fee of £240.00. Representative APR 9.9% and total payable £12,602.87 in monthly repayments of £210.05.	Compare	loading Fetching your data...
My Community Bank Personal Loan					Check eligibility View details	Representative example: Borrow £10,000.00 over 3 years at a rate of 17.1% p.a. (fixed). Representative APR 17.1% and total payable £12,636.72 in monthly repayments of £351.02.	Compare	loading Fetching your data...

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Barclays loan rates at a glance

The Barclays Bank Existing Current Account Customer Barclayloan charges 5.5% APR representative on loans between £7,500 and £15,000. Barclays offers the loan with repayment terms between 2 and 5 years and applicants can apply to borrow from £1,000 to £50,000.

The Barclays Bank Existing Premier Account Customer Barclayloan charges 4.3% APR representative on loans between £7,500 and £15,000. Barclays offers the loan with repayment terms between 2 and 5 years and applicants can apply to borrow from £1,000 to £50,000.

Overview of features

• Barclays Bank Existing Current Account Customer Barclayloan
• Barclays Bank Existing Premier Account Customer Barclayloan

Step-by-step: Taking out a Barclays personal loan

Barclays Bank loans – AKA “Barclayloans” – are unsecured loans, meaning they’re be based on creditworthiness, rather than the use of property or other assets as collateral. The loans are available to Barclays customers over a period of 2-5 years, for amounts between £1,000 and £50,000, at fixed interest rates. The rate you’re offered may differ from the advertised representative APR, and will be based on your personal circumstances, the loan amount and the repayment term.

1. Use the eligibility checker on the Barclays site. You’ll be prompted to login with your membership number, or your card/account numbers. You’ll then be able to see if you already have a provisional loan limit and, in most cases, you’ll be able to get a personalised quote and see the rate you’d actually get. Because this doesn’t involve a “hard” credit search, there’s no effect on your credit score.
2. Shop around. If your heart’s set on Barclays us its price guarantee. Barclays keeps this one quiet, but if another lender offers you a like-for-like unsecured loan with a lower APR, you can claim under Barclays’ guarantee within 30 days of the date your Barclayloan was agreed, by completing a claims form and posting it to Barclays. Your monthly repayments will then be adjusted to meet the new APR rate.
3. Apply to borrow between £1,000 and £50,000 over 2-5 years. If you’re already registered for online or mobile banking, applying should take less than ten minutes. Barclays will auto-fill form fields where it already holds the necessary information on file.
4. Get a fast or instant decision. Barclays current account holders could get an instant provisional loan offer.
5. Sign online for quick access to funds. If you sign the loan agreement online or in the app between 7am and 10.30pm you could drawdown the funds straightaway.
6. Pay a fixed monthly amount. The interest rate is fixed, meaning you’ll pay the same amount each month and you know how much the loan is going to cost you overall. You’ll get to decide the day of the month on which you make repayments.
7. Top-up, take a second loan, overpay or repay early… with strings attached. You can pay back your loan early, in part or in full at any time, but you’ll be charged a fee equal to 30 days’ interest on the amount you’re repaying (as well as any other interest that’s due). Barclays uses the phrase “Topping-up” a little misleadingly… Topping-up in fact closes your existing loan and starts a new one. If you don’t want to do that, you can simply apply to run a second loan concurrently. Additional borrowing is always subject to Barclays’ credit and affordability checks and you won’t be allowed to take out more than £50,000 overall.

Am I eligible for a Barclays personal loan?

How do I apply?

If you’ve decided that a Barclays personal loan is right for you, you’ll need to provide proof of the following:

• Your ID.
• Your address details for the past three years.
• Your current income and employment details (payslips and bank statements).

However because Barclay’s personal loans are only available to Barclays customers (with either a Barclays current or savings account, mortgage or Barclaycard), if that includes you, you may not need to jump through so many hoops! What’s more, if you use online banking already, Barclays will complete much of the application form on your behalf.

Does Barclays offer debt consolidation loans?

Like many major lenders, Barclays does not offer a dedicated debt consolidation loan, but you can use a Barclays personal loan to consolidate your debt. However, you’ll need to be an existing Barclays current account holder to be eligible.

If you already have a Barclays personal loan, you can also apply for a top-up loan to increase how much you’ve borrowed, or take out a second personal loan.

What is Barclays?

One of the “big four” alongside HSBC, Lloyds and RBS, Barclays was founded over 300 years ago in 1690. The multinational bank is now operating in over 40 countries with an estimated employee count of around 120,000.

Whether you’re looking to buy a new car, consolidate debt, refurbish the kitchen, or take that desperately needed holiday, Barclays offers flexible, unsecured, fixed-rate loans at competitive interest rates (and with enhanced rates for Premier account holders). It’s quick and easy to apply online via the Barclays website.

Barclays customer reviews

Customers in Finder’s 2021 customer satisfaction survey were overall very positive towards Barclays, with many describing the lender as “reliable” with “great service”. One customer said: “It’s a great bank which has a wide range of products. Interest rates are often some of the best too.”

Barclays finished third overall in our 2021 customer satisfaction awards with a score of 4 stars out of 5. 81% of Barclays customers also reported that they would be happy to recommend the brand to a friend.

Frequently asked questions

• Can I top up my existing Barclays loan?

  Potentially, yes. You have the option to either top up your loan or take out a separate one. But, loans are subject to status and early settlement fees apply.

• Can I pay back the loan early?

  You have the right to repay your loan early, in part or full, at any time. Barclays may charge a fee equal to 30 days’ interest on the amount you’re repaying, as well as any other interest that’s due.

  It’s important to check the early repayment terms before applying for any personal loan. If there’s a likelihood that you’ll be able to clear a loan early, then good early-repayment terms should be an important factor in deciding which lender to use.

• Does Barclays offer a price guarantee?

  Yes. If you take out a Barclayloan and another lender offers you a like-for-like unsecured loan with a lower APR, you can claim under Barclays’ guarantee within 30 days of the date Barclays signed your Barclayloan agreement. Barclays will reduce the interest rate to produce an APR equal to the competing offer and recalculate your monthly repayments to reflect the reduced interest rate. See the full price guarantee terms and conditions for more information.

• How long will it take for my Barclayloan to come through?

  Not long at all. Your money will likely be deposited immediately after your application is approved and you’ve signed off on it, although it’s possible there may be delays.

• What can I use my loan for?

  Your Barclayloan can be used for almost any personal expense, but not for business-related expenses such as purchasing property and investment. Gambling-related expenses are also not permitted.