Barclays Personal Loans
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| Community Rating | Mostly not recommended |
| APR (Fixed APR) | 4.99% - 20.99% |
| Loan Amount | $5,000 - $35,000 |
| Loan Term (Months) | 36 - 60 months |
| Number of Reviews | 5 |
Barclays Personal Loans Review
Barclays Personal Loans is offered by Barclays Bank, a bank founded in 1896 and based in Wilmington, DE. Barclays Personal Loans is available in 50 states (and Washington, DC).
- APRs starting at 4.99%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Barclays Personal Loans are on the lower end of the spectrum.
- Fast access to funds. In some cases you can 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 credit score.
- No origination fee. Barclays Personal Loans does not charge a loan origination fee.
- No late fees. Missing a payment can seriously damage your credit, but Barclays Personal Loans will not charge additional fees if you miss the due date on a payment.
| Pros | Cons |
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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?
Business 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, go with 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 one of the monthly 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. Barclays Personal Loans only considers borrowers who are employed.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Barclays Personal Loans. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Barclays Personal Loans. Permanent resident / green card holders are also eligible to apply.
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 |
| Application Types Accepted |
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| Credit Score | 700 - 850 |
What is the estimated funding time for a personal loan via Barclays personal loan?
Barclays personal loan will typically provide a credit approval decision in less than an hour and fund the loan within 4 business days.
Does Barclays Personal Loans report your account activity to credit bureaus?
Yes, Barclays Personal Loans reports your account activity to the following credit reporting agencies:
- 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 improve your credit.
Message From Our Editor
Contact
- Headquarters
-
125 South West Street
Wilmington, DE 19801 - Visit Site
- Email Support
Other Services by Barclays Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| No Origination Fee | |
| No Prepayment Fee | |
| Origination Fee ($) | $0 |
| No Late Fees |
Barclays Personal Loans Community Reviews
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