Last Updated: 04/18/2025
SuperMoney User Recommendation Score +25
Mostly recommended8 total votes
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Highlights
Community Rating
Mostly recommended
APR (Fixed APR)
4.99% - 20.99%(Verified 06/21/2024)
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Amount Range
$5,000 - $35,000
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Loan Term (Months)
36 - 60
Number of Reviews
Barclays Personal Loans Review
Barclays Personal Loans is offered by Barclays Bank, a bank founded in 1896 and based in , DE. Barclays personal loan are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 4.99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Barclays Personal Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- Prequalified rate. You can check your prequalified rate at Barclays Bank with a soft pull that will not affect your FICO or VantageScore.
- No origination fee. Barclays Personal Loans does not charge a loan origination fee.
- No late fees. Barclays Personal Loans will not charge additional fees if you miss the due date on a payment.
Barclays personal loan Pros & Cons
| Pros | Cons |
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Barclays personal loan FAQ
What interest rates and personal loan terms does Barclays personal loan offer?
Barclays personal loan has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Barclays personal loan offer?
Barclays personal loan offers a fixed APR personal loan product that ranges from 4.99% APR up to 20.99% APR.
How much can you borrow via Barclays personal loan?
Personal loan amounts start at $5,000 and go up to $35,000
What is the maximum loan term you can get with Barclays personal loan?
Barclays personal loan offers loans with terms of up to 60 months.
| Personal Loan Amount | $5000 - $35000 |
| Loan Term | 36 - 60 months |
| APR | 4.99% - 20.99% |
What fees does Barclays personal loan charge?
Does Barclays personal loan charge an origination fee?
Barclays personal loan does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does Barclays personal loan charge a late fee?
No, Barclays personal loan will not charge you a late fee if you miss payments.
Does Barclays personal loan charge prepayment fees?
No, Barclays personal loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | No |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for Barclays Personal Loans?
Applicants with a credit score of at least 700 and up to 850 may be eligible for Barclays Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Barclays Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Barclays Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of identity
- Proof of citizenship or residence permit
- Proof of residence
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | 700 - 850 |
What is the estimated funding time for a personal loan via Barclays personal loan?
Barclays personal loan will typically fund loans within 1 to 4 business days of approval and clearing necessary verifications.
Does Barclays Personal Loans report your account activity to credit bureaus?
Yes, Barclays Personal Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Barclays Bank perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Barclays personal loan allows you to check your rates with a soft credit pull.
Are Barclays Personal Loans legit?
Barclays Bank was founded in 1896, it is a well-established company that has been in business for 130 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
Barclays Personal Loans Disclosure: Annual Percentage Rates (APR) range from 5.74% to 20.99% and will be determined based on your creditworthiness and loan term. Loan amounts range from $5,000 to $35,000. Loan terms are 36, 48 or 60 months.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from our editor
What we love about Barclays Personal Loans
Barclays offers personal loans with some flexibility in the amount and the term of the loan. Most people will be able to borrow enough to meet their financial needs and will be able to choose a term that results in a manageable monthly payment.
Barclays operates primarily as an online bank in the United States, meaning its lending process happens online. Customers can fill out an application quickly and easily from their computer. Prequalifying is fast and doesn’t affect your credit, giving you the chance to see what interest rates you can qualify for.
What could Barclays Personal Loans do better?
One drawback of Barclays personal loans is that they have a relatively high minimum loan amount. If you’re trying to cover a small gap in your budget, you may have to borrow more than is necessary if you work with Barclays.
Another drawback, for some people, is that the company’s lending services are purely online. You won’t even get paper statements. If you like doing business in the physical world this could be an issue for you.
The company’s interest rates also tend to be higher than much of the competition. If you’re looking for the least expensive loan possible, you’ll likely find a better deal elsewhere.
Barclays Personal Loans’s backstory
Barclays is a global bank based in London. It traces its roots to a goldsmith banking business established in 1690. In the United States, Barclays operates an online bank that offers credit cards, CDs, savings accounts, and personal loans.
The Verdict
Barclays offers some flexibility with loan amount and term, but its high rates and high minimum loan amount means that many people will find better deals elsewhere. Prequalifying won’t hurt your credit, so it’s worth considering Barclays, but make sure to do your due diligence and compare offers from multiple lenders.