Strongly not recommended
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Where does Barclays do business?
Barclays is a bank based in New York, NY. Founded in 1896, Barclays offers access to personal loans in 50 states (and Washington, DC).
What are the APRs offered via Barclays?
Barclays offers personal loans with APRs starting at 4.99% and up to 18.99%.
Does Barclays charge an origination fee?
No, Barclays does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Barclays charge a late fee?
No, Barclays will not charge you a late fee.
Does Barclays charge prepayment fees?
No, Barclays does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow via Barclays?
Loan amounts start at $5,000 and go up to $35,000.
What do you need to qualify for a loan with Barclays?
Applicants with a credit score of at least 600 can apply for a loan via Barclays.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via Barclays. Their rates fall within the limits of The Military Lending Act.
To qualify, applicants may need to provide the following documentation:
Does Barclays report loan payments to credit bureaus?
Barclays may report credit data to the following credit reporting agencies:
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- Active Duty Military
- Military Dependent
- 1099 Misc. Income
- Direct Deposit (W2, SSA, SSDI)
- Payroll Check or Prepaid Card
- Employed Full-Time
- Proof of Identity
- Proof of Income
- Proof of Residence
- Proof of citizenship/residence (Green Card)