Barclays loans promise to be straightforward and easy to arrange, but if you're not already a Barclays customer you'll need to pop into the local branch to set up your loan. With Barclays loans you can borrow up to £25,000; the lowest rate is 7.9% (10.9% APR).
About Barclays Loans
If you want to apply for Barclays loans online you'll need to be an existing customer: borrowing is handled through the firm's online banking service. If you're not already a customer you'll need to visit a local branch.
Is it worth the trip? With Barclays loans you can borrow up to £25,000, and repayment periods range from 1 to 5 years – or seven years for loans over £10,000. The firm's lowest interest rate is 7.9% (10.9% APR) and repayments are fixed for the term of your loan so you won't get any unpleasant surprises should the base rate increase. For extra security, Barclays loans can also include payment protection for an additional fee.
It's a rock-solid offering from a rock-solid firm, and the interest rate is competitive if not particularly exciting; however, getting a Barclays loan isn't as simple as it could be and if you're not a customer, it might be sensible to check out other banks' online offerings before traipsing down the high street.
loans.org.uk helps you find the best loans companies for your specific needs, and gives you background information on the various types of loans available in our loans articles, more loans articles and still more loans articles.
If you can't find what you want on loans.org.uk, be sure to check our loans homepage.