How To Choose A Barclays Loan Right For You

There are any number of reasons you might want a loan, Barclays loan program likely has one right for you. Whether you’re eyeing a big purchase or simply aiming to build a good credit history, having a loan can help you meet certain financial goals. From providing emergency funds to helping you fill a void in your budget, a loan can be a big help.

In addition you can also consolidate high-interest debt such as credit cards, to help you get back on the road to financial recovery. Of course, since there are so many different reasons for getting a loan, there is no one-size-fits-all loan solution. While loans can offer financial relief for a period of time, they also come with a high amount of risk if the borrower isn’t capable of paying back in accordance to the terms.

The good news is that there is a ton of competition out there in the loan market, and that is great for borrowers. Since there is so much competition, lenders are providing all sorts of options to potential borrowers. The Barclays Loan programs provides six different loan options to help find solutions for a variety of borrowers. Our editors have looked into the loans available and have a breakdown for you below. Make sure to check everything out before deciding on which loan is right for you.

How To Choose A Barclays Loan Right For You

What Are The Different Loans That Barclays Offers?

The Barclays Loan Programs has six different loan options available for you. Below is a breakdown of the details of each loan. Assess each option against what your ultimate financial goal is before deciding on the one right for you.


Personal Loan

In need of immediate funds? Whether it’s for your home renovation, personal vacation, child’s education, or unexpected medical expenses, Barclays offers this flexible loan option to help you meet your financial needs faster.

Offering a minimum loan of £1,000 and a maximum of £35,000, the Barclays Personal loan lets you repay the money you have borrowed over a term of 2 to 5 years, with a maximum APR of 29.9%, depending on the loan amount.

To know how much your rates and repayments are, you can visit their site and use the loan calculator on the “Personal Loan” page. From there, simply provide the loan amount and your chosen payment term and the calculator will automatically provide you a representative example. You can consult this before applying for the loan.

For inquiries, you can reach out to the bank’s lending specialist at 0800 716 5982 4 or visit the bank at their main office: 1 Churchill Place, London E14 5HP.


Car Loan

Planning to purchase a vehicle but lacking the budget to do so? Whether you’re eyeing off a brand-new car or targeting a promising used one, it is no secret that buying a car comes as a major investment. Fortunately, with a Barclays Car Loan you can get that car sooner.

With this loan, you can borrow a minimum of £1,000 and a maximum of £50,000, repayable within two to five years. Depending on your loan amount, you may face a minimum of 7.3% APR to a maximum of 20.9% APR.

Similar to personal loans, the bank’s car loan lets you access the amount right after your application has been approved. You can also choose your own fixed monthly payment date that will best suit your schedule and budget.

To know more about the offer, you can contact Barclays at 0800 716 5982 4 or visit the main office at 1 Churchill Place, London E14 5HP.

Debt Consolidation Loan

Stressing over multiple debts from several creditors? Whether it’s caused by credit cards or student loans, it is no exaggeration that getting out of debt comes as a challenging task. Thankfully, through Barclay’s Debt Consolidation Loan, you can at least combine your multitude of smaller debts into a single loan with a reduced interest rate and lower monthly payment.

Under the said loan, you can choose to borrow £1,000 to £50,000, repayable within 2 to 5 years. Depending on the loan amount, your APR will range from 7.3% to 20.9%.

To know more about this, you can call Barclays over the phone at 0800 716 5982 or visit their office at 1 Churchill Place, London E14 5HP.

Home Improvement Loan

Whether you’re aiming for a home upgrade, renovation, or refurbishment, getting a Home Improvement Loan will help you kickstart the project and add a bit of glamour to your residential space.

With a Home Improvement Loan you can borrow £1,000 to £50,000, repaying the money over a period of 2 to 5 years, depending on your preference.

Generally, a loan of £1,000 to £4,999 will come with a 20.9% APR, while an amount of £25,100 to £50,000 will lead to a lower rate of 7.3%.

For inquiries, you can reach out to the bank at 0800 716 5982 4 or visit the bank on their main office at 1 Churchill Place, London E14 5HP.

Top-Up Loan

Already have a Barclays loan but still in need of additional funds? Whatever your reason may be, you can extend your already existing loan engagement with Barclay using its Top-up Loan offer and enjoy additional loan amounts to meet your needed expenditures.

Generally, when you top up a loan, the bank will set up a new loan for your remaining balance with the addition of the extra amount you want to borrow.

Through a Barclay Top-up Loan, you can borrow up to £50,000 in total, with loan terms of 5 years (or even 10 years on certain amounts).

Typically, the new loan may have a different interest rate and term from your initial loan. However, although you may need to pay more interest than you did before, the total interest will still become more cost-effective than when applying for another type of loan.

If you’re interested, you can call Barclay at 0800 716 5982 4 or visit its main office at 1 Churchill Place, London E14 5HP.

Barclay’s Overdraft

Designed to work as a short-term program to borrow money up to an arranged limit, the Barclays Overdraft comes as a short-term safety net for clients plagued by unexpected expenses.

With this type of loan, you can borrow between £100 to £5,000 in multiples of £10, over a period of up to 31 days.

Note, however, that you may face £8 per day as an unpaid transaction fee and a monthly maximum charge of £32 when using your Barclays current account, or £67 when using Barclays current account with Emergency Borrowing.

How To Contact Barclays Loan

To know more about this offer, you can visit the website, or contact the bank’s main office at 1 Churchill Place, London E14 5HP.

Telephone: +44 345 734 5345

Disclaimer: There are risks involved when applying for a loan. Please see the bank’s Terms and Conditions page for more information.