Barclays Bank Loans
5.5% Representative
Will lend between: £1,000 - £50,000
Over: 24 - 60 Months
Are you eligible for Barclays Bank Loans?
Check your eligibility before you apply.
- Quick 40 second form.
- No impact on your credit file.
- Free personalised eligibility score.
Barclays Bank Loans customer reviews.
1.4 out of 5 stars
Our review of Barclays Bank Loans
Considered as one of the big banks, Barclays are very well-known within the personal finance sector and have a wealth of experience. Customers can request between £1,000 and £50,000 with varying interest rates applied depending on the amount you wish to borrow and the length of the loan.
One thing to note about Barclays is that they seem to take a proactive stance in getting customers to take out personal loans with them. They mention on their site that some existing customers may have provisional loan offers already and then encourage them to log into their online banking to check. So if you’re investigating because you’ve seen that message, consider whether you actually need a loan.
As one of the established names in banking you'd expect Barclays to have solid reviews from their customers. However, reviews from across the web would suggest there are a few disappointed customers out there. Lack of information, unexpected interest rates and untrained staff seem to be the main gripes. Taking this into account, before entering a loan agreement with Barclays just make sure you understand all the details thoroughly to avoid any confusion down the line.
Overall verdict: Mixed feelings about Barclays as from reviews it seems like they're not delivering the best levels of customer service, however, as one of the biggest names in personal finance they are open to receiving a number of poor reviews. Barclays offer all the features you expect from a bank and their price guarantee offer is a nice touch (if you’re eligible for it).
Andrew joined Choose Wisely 5 years ago, originally working in a design capacity to make sure the website was simple to use. Most notably he worked with the Consumer Finance Association to design the comparison table of choice for High-Cost Short Term Finance products.
Highlights
- They offer a price guarantee for like-for-like loans (Ts&Cs apply)
- As their customer you can have a pre-selected loan limit, without affecting your credit rating
- Instant money when you apply online
- Online quote doesn’t leave a footprint on your credit history
Minimum criteria
- You’ll need to have a Barclays current or saving account, mortgage or Barclaycard to apply online
- Barclays current account holder for over seven months
- UK resident
- Over 18 years old
Fees
- Maximum APR 5.5%
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £0
About Barclays Bank Loans
Barclays offer personal unsecured loans from £1,000 to £50,000 with a range of APRs depending on the amount borrowed and as with most loan providers, customers may receive a different rate from that advertised depending on their personal circumstances. To apply for a Barclays loan you will need to be an existing customer and hold a Barclays current or savings account, mortgage or a credit card from Barclaycard.
Customers also have the option of topping up their Barclays loan or even taking out a second loan if needed. It’s also possible to repay the loan early, but this will incur a fee of 30 days’ interest on the amount you repay, as well as the initial interest that’s required.
FCA registration
Reference No: 122702
Trading names: Barclaycard, Woolwich, Standard Life
Place of business: 1 Churchill Place, London E14 5HP
Data protection registration
Registration No: Z5813704
Data controller: BARCLAYS BANK PLC
Address: 1 Churchill Place, London E14 5HP
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