- Apply to borrow from £500 to £10,000 in multiples of £100
- Flexible repayment terms of 6 to 60 months for loans of up to £4,900 and from 6 to 84 months for £5,000 to £10,000
- Optional 3-month repayment holiday at the start of your Graduate Loan 3(interest will still be charged over this time)
- Fixed interest rate means your monthly repayments never change, making budgeting easier
- Graduate Loan rate of 12.9% APR Representative
To apply for a Graduate Loan, you will need:
- To be a UK resident
- To be aged 18 or over
- To not be intending to continue full-time study
- To bring proof of your qualification – ie, degree, HND, NVQ min level 4 or nursing course
- To be employed on a contract of 6 months or more, with a minimum of 3 months left
- Have a Barclays current account (nomally a Graduate Additions account) that you pay your salary into
- To apply before 25 June in the second year following completion of studies
As long as you meet the above criteria, you can apply for a Graduate Loan:
- Up to 2 years after you graduate (up to 25 June in the second year following your graduation), provided you have completed your course and are currently employed
Applications for Graduate Loans must be made in branch. You'll need to bring the following documentation:
- Written confirmation of the qualification you obtained, such as a degree certificate, letter from university or an official results letter
- Proof of permanent employment, either part-time or full-time (minimum 6-month contract with at least 3 months remaining). Self-employed? If you're a subcontractor, please bring evidence that you have guaranteed work for at least 6 months. If you're not subcontracting, please bring evidence of your income for at least the past 6 months
- Your bank statements for the past 3 months if you're new to Barclays or hold your main bank account elsewhere
Key information for our Graduate Loan
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
12.9% APR Representative
|Loan size range||From %||To %||Indicative APR %|
|£500 - £10,000||12.9||12.9||12.9|
Interest charging information
Once agreed, the interest rate is fixed for the life of your loan. Interest will be calculated on the amount of loan outstanding each day and debited to your loan account quarterly in arrears.
Payment is by monthly standing order. First monthly repayment is due 1 month after the date the loan has been opened. An optional 3 month repayment holiday at the beginning of the loan is available, interest will be charged during that period.
Where the 3 month repayment holiday has been taken the first monthly repayment is due 4 months after the date the loan has been opened.
Loans are available between 6 months and 5 years (6, 12, 18, 24, 30, 36, 42, 48, 54 or 60 monthly repayments). Additionally for loans of £5,000 and above terms up to 7 years are available (66, 72, 78 or 84 monthly repayments). By spreading your loan over a longer term, your monthly repayments may be lower, but the overall cost of borrowing may be higher.
Amount of loan available
Loans are available from £500 to £10,000 in multiples of £100.
No application or arrangement fees.
We may charge you for any costs or losses we incur as a result of you breaking your loan agreement.
No early settlement fee.
If you run into difficulties with your repayments, please call us immediately and we will be happy to help.
This could suit you if:
- You're a recent graduate and currently employed
See our other products if:
- You're planning to continue your studies
- You need to borrow more than £10,000
Apply for a Graduate Loan
- Make sure you're eligible for a Graduate Loan
- Take the confirmation of your qualification and permanent employment
- If you’re new to Barclays, also bring your bank statements for the past 3 months
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