Barclays

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Company Information

  • Company Name:
    Barclays
  • Website Address:
  • Business address:
    1 Churchill Place, London E14 5HP
  • Phone number:
    0800 716 5982

If you are looking to consolidate your debts with Barclays, rolling all of your direct debits into one monthly bill, then the best loan to take out is the Barclays (Barclays.co.uk) personal loan. This is a fixed interest rate, unsecured loan meaning that the amount you pay per month will always be the same and that you don’t have to own a car or a house to be able to take it out. The interest rate that you pay will depend on the amount that you are borrowing but it is an amount that will be less than the vast majority of credit cards and overdrafts.

The Barclays personal loan allows you to borrow between £1,000 and £35,000 making it of a size that will cover most people’s personal debts. You can also choose how long you want to take to repay the loan between a minimum of two years or 24 months and up to five years or 60 months. Also, having agreed how long you want to take to repay you loan, it is still possible for you to choose to repay your loan early if you so choose. There is a small charge equal to 30 days of interest that you will have to pay if you choose to do it but it may still work out as the cheapest option if you come into more money than you expected.

Another feature of this loan with Barclays is that they offer a price-match guarantee. That means if you find a comparable loan, with the same loan term and amount borrowed, that has cheaper monthly payments Barclays will match these payments and pay you a £50 bonus. This means that if you are on the ball you can be guaranteed to receive the cheapest personal loan on the market.

In order to be eligible for this loan you will need to be a resident of the United Kingdom over 18 years of age. You will also need to register for a Barclays current account if you do not already have one. One downside, however, is that if you are attempting to consolidate gambling debts you will not be able to do so according to the terms and conditions of this loan. You will also not be able to pay CCJ’s using a Barclays debt consolidation loan.

37 Reviews of Barclays have been submitted - read the latest 3 below

With retirement not too far off in the distance, my wife and I decided to try and clear some debts and get our finances sorted before we both retire. We had already read quite a bit about debt consolidation and how best to tackle it and Barclays Bank have been very proactive with their debt consolidation advice and were offering a very good rate for their loans to do this. We decided to go with them because we have been customers of theirs for more years than we can remember and have always felt confident in their services. With their loans coming with a price match guarantee it only served to make our decision easier and we have to say we are delighted with the loan Barclays have arranged for us and we're very much looking forward to consolidating our debts and eventually retiring in the next few years God willing!

Review posted by Thomas B., High Wycombe

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After a quick conversation with one of the staff at my local Barclays Bank I went home and started looking at Barclays loan application website and before the afternoon tea was due I had applied for a debt consolidation loan. I felt rather pleased with myself and when my husband came home and I told him what I had done he was very impressed. We then sat down and worked out which debts we would be clearing first and when we realised just how much money we would eventually be saving each month we decided it was a cause for celebrating and went down to our local restaurant for a very indulgent mid week curry and a nice bottle of wine. Thank you very much Barclays Bank!

Review posted by Marion Mitchell, Headcorn

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It was a fairly sudden decision to get a loan to consolidate my debts but once I had made up my mind I was a man on a mission. So I went online and started my search for a competitive and affordable loan to do the job. I was somewhat surprised to find myself considering my own bank for the loan because I really didn't think Barclays would be offering such a competitive rate, especially for this type of loan. They even offered a price-match guarantee with the loan so I did feel that I was making a good decision to go with them for this loan. Barclays do make stipulations about what you can't use your loan for but as I have never been much of a gambling man I don't think they need worry on that score. I am actually at the opposite end of the spectrum when it comes to money and it's because I am quite careful with my finances that I want to consolidate my debts before they ever become a problem for me. This Barclays Bank loan will do the job nicely.

Review posted by Ted Dawson, Putney

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