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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.
Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.
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.
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.
Loan type | Unsecured Personal Loan |
---|---|
Loan amounts | £1,000.00 to £50,000.00 |
Loan terms | 2 Years to 5 Years |
Loan rate type | Fixed |
Product fee | 0% |
Same day funding available | |
Same day funding note | Free transfer of funds. |
Instant decisions in most cases | |
Soft-search facility available | |
Joint applications | |
Overpay without penalty | |
Concurrent loans allowed | |
Topping-up pays off existing loan and initiates a new loan | |
Repayment methods | Direct Debit |
Loan type | Unsecured Personal Loan |
---|---|
Loan amounts | £1,000.00 to £50,000.00 |
Loan terms | 2 Years to 5 Years |
Loan rate type | Fixed |
Product fee | 0% |
Same day funding available | |
Same day funding note | Free transfer of funds. |
Instant decisions in most cases | |
Soft-search facility available | |
Joint applications | |
Overpay without penalty | |
Concurrent loans allowed | |
Topping-up pays off existing loan and initiates a new loan | |
Repayment methods | Direct Debit |
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.
The Annual Percentage Rate (APR) is designed to give an annual summary of the cost of borrowing. It takes into account interest and any mandatory charges to be paid (like an arrangement fee) over the duration of a loan. All lenders must calculate their APRs in the same way and must tell you the APR before you sign an agreement.
It can be a handy benchmark, however lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.
Barclays loans have relatively low APRs, in part because Barclays will generally only offer loans to people with good credit. However, at some loan amounts or terms, you wouldn’t have to look far to find a better APR. Barclays may be hoping that existing customers will sleepwalk their way into a loan with the bank they already use, rather than shopping around for the best rate.
Barclays typically offers loans to applicants with "Fair" (and above) credit ratings. It's important to note that your credit record is just one factor that Barclays will consider, however if you have a poor credit rating, you're very unlikely to get approved for a Barclays loan.
A "Fair" (or higher) credit rating would require a score of at least 721, if you're referring to Experian's scale, 380 if you're referring to Equifax's scale and 566 if you're referring to TransUnion's scale.
No, currently decisions aren't instant. However, you can use the soft search eligibility checker to instantly find out your chances of getting approved (this won't affect your credit score).
Yes, Barclays allows you to have more than one loan running at the same time. Each application for credit will be considered on its own merit. Alternatively, Barclays also allows you to effectively "top up" your loan, by closing your current loan and starting a new, larger loan.
If you’ve decided that a Barclays personal loan is right for you, you’ll need to provide proof of the following:
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.
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.
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.
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.
Our customer satisfaction scores ("Customers say") are based on a survey of 751 customers carried out in December 2020.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
If you are a Barclays Premier customer, you can get a discounted rate on your personal loan. We cover how it works, if it’s worth it and how to apply.
Barclays’ existing customers in need of some extra financial support for their personal projects can apply for this fee-free unsecured personal loan.