How to consolidate your debt

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

0 APR Representative
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.

    Price guarantee

    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.

    Top-up option

    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.

  • Eligibility

    To apply online, you'll need to:

    ✔ Have a Barclays current or savings account, mortgage or Barclaycard

    ✔ 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


  • Resume an application

    If you’ve started an application already, it’s easy to pick up where you left off.

    How did you apply?

    In Online Banking – for Barclays current account holders

    Log in to Online Banking here, and we’ll take you to your saved application form.

    Application form on the website – for other Barclays customers

    We’ll have sent you a reference number by email. Enter it and we’ll send you to your application.

  • Our lending commitments and what we ask of you

    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.

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.

mths 0
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
  pa (fixed).
Monthly repayment of  .
Total amount payable  .

Representative APR applies to loans of

How to apply

Find out the best way for you to apply for a loan.
If you have a current account with us, we could tell you your personal loan rate up front – and it won’t impact your credit score. Just make sure you read everything on this page before you apply.

Have a current account with us?

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 with us
Online Banking or Barclays Mobile Banking

Don’t have a Barclays current account?

If you have another type of Barclays account, such as a Barclaycard, you could still get a personalised price quote.

* You need to be registered for Online Banking or Barclays Mobile Banking. Not everyone is pre-selected – if you aren’t, you won’t be able to apply online or in mobile banking. Please get in touch 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.

    You can call a free helpline, such as the National Debtline on 0808 808 4000, or you can get in touch with the Citizens Advice Bureau.


  • Understanding your options

    It pays to do your research on the different ways you can manage your debt – as it could save you money in the long run. Whichever option you choose, try to deal with your most urgent debts now – things like your rent or mortgage payments, and council tax. These are called priority debts. Not paying them could mean huge penalties, such as having your home repossessed, or possibly even a prison sentence. We’ve listed some of the ways you could manage your debt.

    Debt consolidation loan

    As we’ve mentioned, a debt consolidation loan is where you take out one large loan that pays off your existing debts. It’s usually arranged by you through a bank. These types of loan are usually used to pay off credit card and other personal loan debts.

    Debt management plan

    This is a plan between you and your creditors to pay off all your debt. It’s an agreement that’s arranged through a debt management company. Generally, but not always, your creditors will freeze the interest and penalties so that you can begin to reduce your debts more quickly.

    Administration Order

    You can apply to the county court for an Administration Order if your debts are under £5,000 and you have a county court judgment (CCJ). You don’t need to pay a fee to apply and the court decides what you pay back, depending on your income.

    Individual Voluntary Arrangement (IVA)

    An IVA is an agreement you make with your creditors through a court. You’ll need to set this up through an insolvency practitioner. This is a formal, legal debt solution, so if you don’t keep up repayments, you can be made bankrupt.

    For more information on debt and ways to manage it, you can contact Citizens Advice.


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.

Money worries

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.

Know your loans

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.