5.1% APR representative on Barclayloan Plus*
If you're already registered for Barclays Online Banking and you apply for a personal loan online, you could have the money instantly 1 if your online application is accepted.
- 5.1% APR representative on Barclayloan Plus loans of £5,000 to £25,000 1 for Barclays current account holders when you apply online or over the phone (subject to eligibility criteria)
- Price guarantee: Find a cheaper loan and we'll match it – and give you £50 2
- Fixed monthly repayments
- You could get the cash in your account instantly 1
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.
Need help with jargon?
Here are the five definitions that we think you'll find most helpful.
The Annual Percentage Rate is the rate you will be charged on your loan over the course of a year. It takes into account the interest you pay, how often you make repayments, and any other additional charges such as any processing fees.
- Professional and Career Development Loan
A Government-sponsored scheme that will cover your interest payments while you study and for up to two months after you finish your course. If you would like to take up full-time, part-time or distance learning studies to improve your career prospects but are worried about the costs, we may be able to offer you a Professional and Career Development Loan.
- Credit rating/Credit history
A system used by banks and finance companies to assess applications for loans. Your credit rating is based on information in your credit file and on the information you give about yourself in your application. Your credit file 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 six years. We may also contact external credit rating agencies if we need further information. We try and make the system as transparent as possible and we also have a dedicated page with Your credit rating . If you have been turned down for a loan, it's a good idea to read through these suggestions before you apply again.
- Eligibility criteria
All our loans are dependent on your personal situation. Certain products, like Barclayloan Plus, Graduate Loan or Professional and Career Development Loan, are only available to those in certain circumstances. We make the eligibility criteria clear on our loans pages, in our branches and on the telephone.
- Repayment holiday
A rest period from repayments, usually for a period of three months to a year. Generally the interest will keep adding on during this period but it will give you a much-needed break if you're having trouble meeting your repayments. Our graduate loans come with an option of a holiday at the beginning of the loan to give university leavers a chance to find their feet while they look for a job. We also offer a capital repayment holiday on our business loans. Again, this will give you some breathing space at the beginning of your loan period but we will continue to add interest to your account during this time. If you feel you could be in financial difficulty, speak to us to see if we can help.
Need other terms explained? See our Loans Jargon Buster
We'll transfer the money to your Barclays current account instantly on any day as long as you apply in Online Banking, your loan is approved, you can print off or download your agreement and sign it in Online Banking between 7am and 11pm. Sign online after 11pm and we’ll usually transfer the money by 9am the next day.
If you’ve got an existing loan with Barclays and are taking out additional borrowing*, if you sign your agreement in Online Banking between 7am and 6pm, you’ll usually receive your money within 1 hour. Sign online after 6pm and we’ll usually transfer the money by 9am the next day.
*Applying for additional borrowing as part of your existing loan with Barclays is not available via Online Banking. However, if your application is approved via telephony, you will have the option to sign your agreement online to receive your funds within 1 hour.
If you’re not registered for Online Banking or you’ve forgotten your log-in details, you’ll need your Barclays debit card to register and/or sign.
No internet access? We’ll post your agreement to you for you to sign and return. We’ll transfer the money into your account as soon as we receive the signed agreement.
3. Overdrafts and Personal Reserve are subject to status and application. All borrowing is repayable on demand.