Coronavirus and your Barclayloan
If you’re worried about making your loan repayments during the coronavirus situation, read our FAQs to see how we can help.
What is a car loan?
A car loan is a way to borrow some or all of the money you need to buy a car.
How do car loans work?
- Apply online or in the Barclays app
- We’ll let you know if we can lend you the money
- If we can, we’ll pay the money into your account straight away2
You can see what your monthly repayments would be using our calculator.
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To apply online, you'll need to
Have a Barclays current account or Barclaycard account
Be a UK resident
Be aged 18 or above
You can use your loan for almost anything, apart from
- Business reasons
- Investments, including buying stocks and shares
- Timeshares
- Purchasing property (home improvements are fine)
- Gambling-related expenses
- Repaying CCJs (county court judgments)
- A purchase made by combining this loan with any others
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If you’ve started an application already, it’s easy to pick up where you left off.
Log in to Online Banking here, and we’ll take you to your saved application form.
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As a lender, we have a responsibility to act fairly and as part of this we have committed to follow the Standards of Lending Practice. This note sets out some of our key responsibilities and what we ask of you, to ensure that the relationship works well for both of us.
- We will lend responsibly and aim to provide a product that is affordable for you.
- We will provide you with information about our products and services and how they work, in a clear and understandable way, so that you can decide what’s best for you and your needs.
- We will endeavour to make sure our products and services offer, wherever possible, the flexibility to meet your needs.
- We will treat you fairly and reasonably at all times and make sure that you are provided with a high level of service.
- If you tell us about any inaccuracies, for example around the personal information we hold about you, we will act quickly to put it right.
- We will always aim to help you if we see, or you tell us, that you are having trouble financially. We will seek to understand your overall circumstances, try and identify options that you can afford and where appropriate, provide a reference to free debt advice.
What we ask of you
- We ask you to think carefully about whether you can afford to repay the money you want to borrow and to be open in your dealings with us.
- Take care of any cards, PINs, online log-in details and other security information to help prevent fraud and help us to protect your accounts.
- Tell us as soon as possible if your card has been lost or stolen, or if you know or suspect someone is misusing your confidential information e.g. your PIN or online log-in details.
- Carefully check your account statements to make sure they are accurate. If anything isn’t right, please get in touch with us.
Please let us know if
- Your contact details change, so we can keep our records up to date.
- Your circumstances change, particularly if what’s happened is likely to cause you difficulties in managing your account or financial problems.
- You think that you won’t be able to keep up with your repayments. The sooner you do this, the more likely it is we’ll be able to find a way to help you.
We would also encourage you to refer to the terms and conditions associated with your current account, credit card or personal loan.
Try our car loan calculator
Enter the amount you’d like to borrow and our car loan calculator will do the rest. The loan calculator results are based on the representative APR for the amount you enter. Your actual rates and repayments might differ, and will be based on your personal circumstances, the loan amount and term.
Amount
Term in Months
Monthly repayment
The same every month
Total amount payable
Loan required
Based on the details you entered
Representative example
APR Representative
based on a loan of
repayable over
months
at an interest rate of
per annum (fixed)
.
Monthly repayment of
.
Total amount payable
.
Representative APR applies to loans of
How to apply
If you have a current account with us or a Barclaycard, we could tell you your personal loan rate upfront – without affecting your credit score.
Apply for a car loan
You can see if you’ve been pre-selected to apply for a loan – this means you can see how much you may be able to borrow, and your personal rate, in a few minutes*. All you need is
A current account or Barclaycard account with us
Online Banking or the Barclays app
* You need to be registered for Online Banking or the Barclays app. Not everyone is pre-selected – if you aren’t, you won’t be able to apply online or in the app. Please get in touch to discuss your options.
Lending and guidance
We have lots of additional information, options and tools to help you when buying a car.
All borrowing is subject to application, financial circumstances and borrowing history.
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Car finance
Car-buying tips
What to think about before and after you buy
Whether it’s brand new or just new to you, check out our tips on what to consider when buying your car.
What is a credit rating?
Discover how to improve yours
Learn why your credit rating is important, and how to improve it so you’re more likely to be considered for credit in future.
Understanding loan rates
What's an APR?
We explain what APR means – and the difference between representative and personal APR.
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Other ways to borrow
Barclaycard
Choose from our range of credit cards, which include cards for everyday purchases and balance transfers.
Overdrafts explained
A short-term safety net
Overdrafts are a short-term way to borrow money up to an arranged limit. Discover how overdrafts work and how to stay on top of your finances.
Premier Barclayloan
Exclusively available to Premier customers. See what your loan could look like with a personalised quote.
Talk to us about loans
Online or in-app
Check to see if you’re eligible to apply for a loan in Online Banking or your app now.
Please note that we might not have all the information we need to show you a provisional loan limit.
Over the phone
If you have any questions, you can speak to a lending specialist on 0800 800 3002 4.
Call us by video
Open this page on your mobile or tablet to video call us. Or you can video call us from your app.
Car loan questions and answers
What do you need to qualify for a car loan?
Here’s what we consider when you apply for a loan – whether your income is high enough to make the payments, your credit score, and how long you’ve banked with us. You also need to have a current account with us or a Barclaycard, live in the UK and be 18 or over.
What is a PCP car loan?
A personal contract purchase (PCP) is a way to help you get a car without paying the full price upfront. You put down a deposit and make monthly payments that enable you to use the car until the end of the agreed term. Then you can decide to give the car back or make a final payment to buy it outright.
Can you pay off a car loan early?
You can pay off your car loan early, but we’ll charge you a fee equal to 30 days’ interest on the amount you’re repaying, as well as any other interest that’s due.
What happens if I’m late with my loan repayments?
If you fall behind on your payments, we’ll charge you fees for late payments. This could also impact your credit score. Give us a call if you’re having trouble making your repayments, or visit our page for tips on managing money worries.