Your loan options
A Barclayloan 1 can pay for a new car, home improvements or lots of other things, or help you consolidate your existing borrowing.
- Our lowest Barclayloan rate ever: 4.9% APR representative on loans of £7,500 to £35,000 1
- You could get your money instantly 2 if you apply in Online Banking 3
- Log in to Online Banking to see if you have a pre-selected loan limit, without affecting your credit rating
- Price guarantee: Find a like-for-like loan with lower monthly repayments and we'll match it, and give you £50 4
If you already have a Barclayloan, you can now borrow more money – whether it’s for a special purchase, to make home improvements or to consolidate your debts. Just top up your existing loan or take out a new one.
- Log in to Online Banking to see if you have a provisional top-up limit (without affecting your credit rating)
Homeowner loans are secured on your home and can be used for such things as improving your property and consolidating loans.
- Loans arranged by Freedom Finance and introduced by Barclays
- Loans of between £3,000 and £250,000 for UK homeowners
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
If you take out a Professional and Career Development Loan while you're on a vocational course, the government will pay your interest while you study.
- Offers financial assistance while you improve your prospects
- The government pays your interest while you study
- Pay nothing until 2 months after you finish your course
Need help with jargon?
Here are the five definitions that we think you'll find most helpful.
The Annual Percentage Rate (APR) is the overall annual cost of your loan. It takes into account the interest you pay, how often you make repayments and any additional charges such as arrangement fees. It enables you to compare the cost of borrowing.
- Credit rating/Credit history
Your credit rating is based on your past credit history and other information you give about yourself in your application. This will include information from the electoral roll, details about any County Court Judgments (CCJs) or bankruptcies in your name, and details of your existing and previous credit arrangements (such as credit cards, loans and mortgages) held in the last 6 years. This information is then used by lending companies to assess your loan application. For more details, see Your credit rating
- Early repayment fee
This is a charge applied for paying back your loan partially or in full before the end of a loan term. It's tempting to pay back more than the required loan repayment if your income has increased, your spending has dropped or you’ve received a windfall. However, you should study the loan terms and conditions before you apply so you know the policy on fees.
- Secured loans
Secured loans often allow you to borrow more money over a longer period of time than unsecured loans. This is because the loan is secured on something you own, normally your home. This would mean that your property may be at risk if you do not keep up your repayments.
- Unsecured loans
Unsecured loans are available if you don't own your home or don't want to secure a loan on your property. As with any form of lending, ensure that your repayments are affordable.
Need other terms explained? See our Your loan options Jargon Buster