Personal loans are essential to just about anyone looking to gain easy access to funding. Whether it be geared towards emergency expenses or simply funding a big life event, personal loans provide borrowers with the financial aid they need. This is where a Barclays Personal Loan comes in handy.
A personal loan from Barclays gives individuals access to quick funds with a super easy application. Moreover, a Barclays personal loan gives borrowers personalised price quotes without affecting their credit score.
Want to know more about borrowing and how a personal loan from Barclays plays in your favour? We’ve outlined some of the relevant details you should know about. Check them out below.
Features and Benefits of a Barclays Personal Loan
One of the main benefits of a personal loan from Barclays is that it provides personalised price quotes upfront, meaning you’ll get to see the rate that you’ll be getting at the amount you’re borrowing – all without affecting your credit score.
Moreover, borrowers will get to enjoy fixed monthly repayments in the terms of your choosing, even the day of the month you’ll pay. With Barclays, rest assured that you can opt for repayment terms that fit your lifestyle and your budget, with options to repay your loan early, in part, or in full, whenever you wish.
Individuals may borrow amounts between £1,000 and £50,000 with term options ranging from two to five years. This personal loan comes with a fixed interest rate, thus preventing it from changing under your plan.
For those who already have a Barclays personal loan, you’ll be glad to know that the bank offers a top-up option designed to help increase your borrowing amount or even take out another loan should you need more funds.
Applying for and Borrowing Money from Barclays
Interested applicants should be at least 18 years of age and be a resident of the United Kingdom. Another prerequisite by the bank includes having a current account with Barclays.
Individuals who wish to apply may do so online through the Barclays website. To apply, applicants will need to provide their personal details such as their name as well as their membership or card number. Afterwards, confirming your ID is also a must. Pre-selected and eligible applicants may immediately see the amount they can borrow.
If your application is approved, you may sign the agreement online from 7 am to 10:30 pm and the funds will be sent directly to your account within a few minutes or hours. You may also apply via a physical Barclays branch near you.
Fees and Charges
- APR – 5.5% representative APR for loan amounts of £1,000 to £25,000; 7.3% representative APR for loan amounts of £25,100 to £50,000
- Full Repayment Charge – 30 days’ interest on the amount being repaid
The Bottom Line
When getting a Barclays personal loan, you can enjoy getting funds with a quick turnaround time. With its added personalised features and rates, as well as with its customisable terms, you certainly can’t go wrong with this borrowing option.
To know more about this offer, feel free to contact a lending specialist at 0800 716 5982. You may also visit their registered office located at 1 Churchill Place, London E14 5HP.
Note: There are risks involved when applying for and using a loan. Consult the bank’s Terms and Conditions page for more information.