Barclays Personal Loans
in Personal Loans from Barclays Bank
Would you recommend Barclays Personal Loans to your friends?
| Community Rating |
Rating not yet determined |
| Loan Amount | $5,000 - $35,000 |
| APR (Fixed APR) | 4.99% - 20.99% |
| Loan Term | 36 - 60 months |
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).
Key takeaways
- Fast access to cash. In some cases you can get your money within 1 business day.
- Good credit required. You will need a credit score of at least 700 to qualify for Barclays Personal Loans.
- 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.
Barclays Personal Loans Pros and Cons:
| Pros | Cons |
|---|---|
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What rates and terms does Barclays Personal Loans offer?
Barclays Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.
What APR rate does Barclays Personal Loans offer?
Barclays Personal Loans offers a fixed APR personal loan product that ranges from 4.99% APR up to 20.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
How much can you borrow via Barclays Personal Loans?
Loan amounts start at $5,000 and go up to $35,000.
What can a personal loan from Barclays Personal Loans be used for?
Personal loans from Barclays Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Barclays Personal Loans?
Barclays Personal Loans offers personal loans with terms ranging from 36 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
| Loan Amount | $5000 - $35000 |
| Loan Term | 36 - 60 months |
| APR | 4.99% - 20.99% |
What fees does Barclays Personal Loans charge?
Does Barclays Personal Loans charge an origination fee?
Barclays Personal Loans 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 Personal Loans charge a late fee?
No, Barclays Personal Loans will not charge you a late fee..
Does Barclays Personal Loans charge prepayment fees?
No, Barclays Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
| Origination Fee | N/A |
| Prepayment Fee? | No |
| Late Payment Fee | N/A |
What do you need to qualify for Barclays Personal Loans?
Applicants with a credit score of at least 700 and up to 850 are 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 Loans?
Barclays Personal Loans 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?
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 can help improve your credit score.
Contact
- Headquarters
-
125 South West Street
Wilmington, DE 19801 - Visit Site
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 |
