With origins in the 17th century, Barclays Bank has been a high street staple in the UK for centuries. Barclays introduced personal bankers to the UK in 1977, and just ten years later brought out the UK’s first debit card.
Today, Barclays Bank offers a variety of loans, while also providing current accounts, savings accounts, credit cards, mortgage loans and a number of insurance products.
What loans can I get from Barclays Bank?
With Barclays Bank you’ll be able to take out a loan of anything between £1,000 and £50,000. How you spend the money is up to you, whether it’s for a new car, improving your home, or cutting down your debt.
What interest rate will I get with a Barclays Bank loan?
Loans from Barclays Bank have a fixed interest rate, meaning the amount you pay back every month will stay the same. This can be helpful for budgeting as you’ll always know how much money to set aside for repayments.
Remember the advertised or representative APR shown on a deal may not be the rate you actually get, as the representative APR only has to be offered to 51% of successful applicants. The rate you’re given may be lower or higher, depending on the loan you want to take out and your own personal financial circumstances.
How long do Barclays Bank loans last?
Barclays Bank loans can last from two to five years, and you’ll also be able to pay off your loan early if you want to. However keep in mind that this often results in an early settlement charge.
Can I top up my Barclays Bank loan?
You may be able to top up an existing loan with Barclays, depending on whether or not you are eligible. You can check using the Barclays Mobile Banking app, or you can contact them by phone.
How to contact Barclays Bank
You can contact Barclays Bank through:
Phone: 0800 716 5982
Video calling: in their online banking app
How to apply for a Barclays Bank loan
Barclays Bank accept applications online, through the phone, or by post. Remember, you’ll need to have the following at hand:
- Your address details covering the last three years
- Your employers’ address details
- Your banking information, including sort code and account number
- Details about your incomings and expenditures
Do I qualify for a Barclays Bank loan?
In order to qualify for a Barclays loan:
- You will need to be over 18
- You will have to be a UK resident
- You will be required to hold a Barclays current or savings account, mortgage, or Barclaycard
Can I get a Barclays loan with bad credit?
Barclays offer a way for some of their customers to find out their loan limit before actually applying – and it won’t affect your credit score. This could be a way for people with a poor or limited credit history to safely check whether they can qualify for a Barclays loan.
They also offer debt consolidation loans, which can be a good way for you to manage your existing debt. However the best way to find out if you’ll be accepted for a loan is with MoneySuperMarket’s Eligibility Checker – this lets you see how likely you are to be accepted for different credit card and loans products.
Compare loans with MoneySuperMarket
Finding a better loan deal is easier when you compare your options on MoneySuperMarket. All you need to do is tell us a little about the loan you’re applying for, including how much, over how long, and the reason you need the loan. Then we can give you a tailored list of deals for you to search through.
You’ll be able to compare loans by their interest rates, their overall cost, and how likely your application is to be successful. Once you’ve found the loan you want, just click through to the provider to finalise your application.