Debt consolidation loans
All your debts in one manageable loan
If you’ve borrowed from different lenders, a debt consolidation loan could help you take control of your finances and keep track of your money.
Loans are subject to status. Early settlement fees apply.
✔ Manage your debts with just one loan1
✔ Quick and easy application
✔ Personal price quote – with no credit footprint2
on loans of
over 2-5 years. (Your rate may differ3 )
Take control of your debt with a Barclayloan
Having just one loan could be more straightforward and easier to manage than a number of payments to different lenders.
But it’s worth noting that consolidating debts might involve payment of a higher rate of interest or charges – or both. Consolidating debts might also increase the overall period required for repayment.
Debt consolidation overview
Discover your loan rate without affecting your credit score
Knowing how much you can borrow really helps when consolidating your debt. And, unlike some other lenders, in many cases we can give you a personalised price quote up front – without impacting your credit score. To find your loan rate, simply log in to Online Banking or Barclays Mobile Banking, if you’re registered2.
You could get your money straightaway
It’s quick and easy to apply and, if your loan application is approved and you’ve signed your loan agreement online, the debt consolidation money is usually transferred to your current account within a few minutes4.
If you take out a Barclayloan and another lender offers you a like-for-like unsecured loan with a lower APR, you can claim under our guarantee – within 30 days of the date we signed your Barclayloan agreement.
We’ll reduce the interest rate to produce an APR equal to the competing offer and recalculate your monthly repayments to reflect the reduced interest rate. Please read our full price guarantee terms and conditions.
Fixed monthly repayment
This could help you budget.
Choose your payment term
Depending on the loan amount.
Already have a Barclayloan and need more funds? You can apply to increase your borrowing with us.
If you just want to take out a second loan instead of topping up, that could be an option too.
Repaying your loan early
You have the right to repay your loan early, in part or full, at any time. We’ll charge a fee equal to 30 days’ interest on the amount you’re repaying, as well as any other interest that’s due.
Resume an application
Our lending commitments and what we ask of you
Calculate your options
How much would you like to borrow in order to consolidate your debt?
The calculator results below are based on the representative APR for the amount you enter. Your actual rates and repayments may differ and will be based on your personal circumstances, the loan amount and term.
The same every month
Based on the details you entered
based on a loan of
repayable over months
at an interest rate of
Monthly repayment of .
Total amount payable .
Representative APR applies to loans of
Barclays current account holders
If you have the following, we may already have a provisional loan offer ready for you:
A current account with us
Online Banking or Barclays Mobile Banking*
Other Barclays account holders
If you don't have a provisional loan offer, you could still get your personalised price quote. You'll need:
A Barclays account – such as a Barclaycard
*Not everyone can apply for a Barclayloan, or view their personalised price quote or provisional loan limit online or in Barclays Mobile Banking – this is because certain restrictions apply. Please contact us to discuss your options.
Consolidating your debts
Spending on credit can seem like the norm for many people. But when debts mount up with different creditors, it’s easy to feel like you’re not in control of your finances. There are different options you could consider to consolidate your debt.
Is debt consolidation right for you?
Debt consolidation can be a useful way to manage debt. Check your options to see if it’s right for you and your circumstances.
A loan to consolidate your outgoings
For most people, a debt consolidation loan involves taking out a single loan that pays off your existing debts. This could work out cheaper if you’re offered a lower rate of interest overall, when comparing it to your other debts’ interest rates.
It won’t reduce the amount that you owe, but it’ll give you a chance to manage your debt in a simpler way – by paying the loan off with a single monthly payment.
When you consolidate your other borrowing into a single loan, you may be charged early repayment fees. If you don’t want to pay these fees, you may prefer to keep your debts separate.
If you do consolidate your debt, just make sure you don’t borrow more until you’re sure you can afford it.
Still not sure? It’s best to talk to an expert to see if a debt consolidation loan is right for you. They can talk you through the pros and cons, and may offer you other options that you hadn’t yet considered.
Understanding your options
Need some more help?
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.
Concerned about your finances?
If your finances are under pressure and you’re struggling to pay the bills, see what we can do for you.
Find the best loan for you
Learn about secured and unsecured loans
This guide to borrowing covers some of the key factors you should consider when choosing the best loan for your needs.
Understanding loan rates
What's an APR?
We explain what APR means – and the difference between representative and personal APR.
Talk to us about loans
Over the phone
If you have any questions, you can speak to a lending specialist on 0800 716 5982 5.
Visit us in branch
We’re on hand if you’d like to discuss your options in person. You can find your nearest branch and opening times here.