Important information:
You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Barclays loans calculator
Use our Barclayloan calculator to see how much you’ll pay back on a Barclays personal loan – and then see whether its rivals offer a cheaper deal.
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Our calculator lets you pick how much you want to borrow, and see how much you’ll pay back. 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.
Calculate the cost of a Barclays loan
Table: sorted by representative APR, promoted deals first
Warning: late repayments can cause you serious money problems. See our debt help guides.
How do Barclays loans compare against the competition?
Table: sorted by representative APR, promoted deals first
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.
Important information:
You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
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.
Key features of Barclays personal loans.
“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.
- Loan terms from 2-5 years.
- Loan amounts from £1,000-£50,000.
- Fixed monthly repayments. 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.
- Quick decision. Barclays current account holders could get an instant provisional loan offer.
- Quick access to funds. Provided you can sign the online agreement between 7am and 10:30pm on any day, funds can be in your account within a few hours of completion.
- Early repayment. You can pay back your loan early, in part or in full at any time. But may be charged a fee equal to 30 days’ interest on the amount you’re repaying, as well as any other interest that’s due.
- Price guarantee. 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 your Barclayloan was agreed. You’re monthly repayments will then be adjusted to meet the new APR rate.
What is APR?
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.
Am I eligible for a Barclays personal loan?
You should only apply for a Barclays personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:
- Hold a Barclays current or savings account, mortgage or Barclaycard
- Aged 18 or above
- UK resident
You’ll also need a decent credit record.
Barclays states that these loans should not be used for:
- Business reasons.
- Investments (including buying stocks and shares).
- Timeshares.
- Purchasing property (home improvements are fine).
- Gambling-related expenses.
- Repaying CCJs (county court judgments).
- A purchase made by combining this loan with any others.
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.
Frequently asked questions
Post Office Money® Personal Loan
APRs from 3%
(on loans between £15,001 and £25,000 over 12-84 months).
Representative example: Borrow £15,001.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £15,718.32 in monthly repayments of £436.62.
M&S Bank Personal Loan
APRs from 2.8%
(on loans between £7,500 and £20,000 over 12-36 months).
Representative example: Borrow £10,000.00 over 3 years at a rate of 2.9% p.a. (fixed). Representative APR 2.9% and total payable £10,447.20 in monthly repayments of £290.20.
AA Non-Member Loan
APRs from 3%
(on loans between £15,001 and £25,000 over 12-84 months).
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £10,478.16 in monthly repayments of £291.06.
Shawbrook Bank Personal Loan
Personalised rates with representative APR 12.9%
Representative example: Borrow £10,000 over 5 years with representative APR 12.9% (fixed) and total payable £13,405.80 in monthly repayments of £223.43.
We exist to help you find better. The offers we've compared on this page are from a range of products whose details we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations of these) aren't product ratings, although 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, it's wise to consider getting independent financial advice. Always consider your own financial circumstances when you compare products so you get what's right for you.
