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 for a loan between £1,000 and £35,000, Barclays Bank (Barclays.co.uk) offer something called the Barclayloan Personal loan. The loan terms offered are between 24 months (or two years) and 60 months (five years) so this is a fairly short term loan in the grand scheme of things. Good things about this particular loan include the fact that the money is transferred to your account instantly once you are accepted for the loan.

Barclays also offer a price-match guarantee as a great way to make sure that you are not overpaying. The offer is that if you can find an exact like for like loan elsewhere but with lower monthly repayments, Barclays will reduce the cost of your loan and give you £50 for your efforts at the same time. It is also worth bearing in mind that you have the legal right to repay your loan early if you happen to come into some extra money. There is a charge equal to 30 days of interest that is applied if you choose to do this.

The eligibility criteria for this loan are that you are over 18 years of age, are a UK resident and have a Barclays current account. You will also be subject to credit checks in order to ensure that you are unlikely to default on this loan. The interest rate on the loan is the same no matter what you are using the money for and Barclays specify that you may use the loan for almost any purpose. This does not include, however, starting or running a business, investing, purchasing property or repaying gambling debts.

Unlike a homeowner loan, a personal loan is unsecured and you therefore do not necessarily need to own a home or a car in order to take one out. Also, compared with credit cards or overdrafts the interest rate of these loans is generally lower. Overall, a personal loan may be right for you if you are seeking to make a mid-sized purchase or consolidate a number of other loans. Some of the things that people commonly use this kind of loan for include purchasing a car, home improvements or consolidating debts.

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

I wouldliketoborrow this amount of money and the purpose of borrowingthis type of money is that i would like to get this loan to buy a car and also I found out that aapplying for barclayloan is a great deal I have been banking with Barclay's for more years and would like to take a loan
from my bank I am a single woman who is of the age of 35 years I would not hesitate
The higher amount I would like to borrow is themaximum 29000 I have a lot things to do. In the first place there are a lot of maximum loan I can apply for but to finalise everything I want mention £29000i regards to you and looking forward to hearing from you byebye for now not only for home improvements and car purchase Hanna achiaa

Review posted by Hanna achiaa

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When I mentioned to people that I was looking to take out a personal loan most of them told me to steer clear of the banks and try one of the many online loan companies. Well I did take their advice and gave all these online loan companies a good looking over with the help of the loan comparison websites, but the fact is I ended up going with my own bank for the loan in the end. Barclays Bank were offering a price match guarantee on an already very competitive rate and so I didn't see the point of going with another lender when my own bank were ready and willing to give me the loan I needed at a very acceptable rate. That's all I have to say on the matter really.

Review posted by Colin Jefferson, Lewisham

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I really don't think I would have felt happy going with another lender for this personal loan. I have built up a very good relationship with my branch of Barclays and the staff there are brilliant. Whenever I have any problems with my account they are always on hand to help me sort things out. When I needed this loan to get some much needed work done on my home I went straight down to my local branch and enquired about getting this loan. They told me I could either apply online or make an appointment to see their Loan Adviser but I thought I'd be brave and attempt the online application. I did quite well with it and only had to make a couple of calls to verify a few details. I had my loan and the money in my account within 3 days of applying and I really couldn't be more pleased with the outcome. Thank you so much Barclays Bank from one very satisfied customer.

Review posted by Annette Morgan, Sittingbourne

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  • Value For Money