Barclays Bank Loans

954 reviews

4.9% Representative

Will lend between: £1,000 - £50,000

Over: 24 - 60 Months

Representative example: Representative Example: If you borrow £11,000 over 60 months at a representative rate of 35.5% APR and an annual interest rate of 5.5% (fixed), you would pay 60 monthly installments of £209.43. The total charge for credit will be £1,565.80 and the total amount payable will be £12,565.80.

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Barclays Bank Loans customer reviews.

954 reviews

1.5 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).

Written by: Alex

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 22.9%
  • 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.

Company information

Registration number: 01026167

www.barclays.co.uk

08448119111

1 Churchill Place, London E14 5HP

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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