Rating based on 29 reviews

Barclays Loans

Updated
  • Debt consolidation up to £50,000
  • Low-interest starting from 4.9%
  • Repayment up to 60 months

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Author Barclays. Screenshot of Barclays website.
[Accessed May 19, 2023]

About Barclays

At Barclays, you are their priority.

Their emphasis lies within getting you the loan you need in the fastest possible way as well as making sure that you're not blocked by red tape, paperwork, or long waiting periods.

Maintain your debt repayments

Moving up in life means that you'll certainly get into some form of debt. It can be anything from a student loan, car loan to a mortgage, or a stack of credit cards that seem to pile up. If you're experiencing difficulty managing your debts, whether it be regarding financial aspects or a pure management standpoint of consolidating your debt, Barclays can help.

Debt consolidation with Barclays 

Debt consolidation is simply the process of paying off all your unsecured debts with the aid of one bigger loan. It can either make your debt easier to manage since you won't have to keep track of multiple repayments or it can reduce the total amount of money that you have to pay towards your debt every month. 

Barclays Services

If you need to escape your debts then consider taking out a debt consolidation loan to manage your debts and even reduce your total monthly repayments.

For example; your personal loans, store cards, and credit cards can be combined under one consolidated loan which could carry a lower combined interest and save you money in the long run.

Decrease your worries

Debt Consolidation loans may not be the solution for everyone, as each one has different circumstances. However, they will adjust the loan to fit your individual needs as far as possible.

Reasons to consolidate your debt

  • You're behind on your debt payments
  • You're battling to oversee loans and debts
  • Your interest payments are high
  • Your debts are primarily unsecured

Barclays – Consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate from 4.9%
  • Loan Amount up to £50,000
  • Repayment 24 months to 60 months

Benefits of Barclays

  • Affordable debt solutions
  • Consolidate your debt into one affordable monthly payment
  • Access to lower interest rates

With Barclays you can become debt free

If you’re struggling to manage your debts, you can qualify for a debt consolidation loan at Barclays.

Barclays knows that you have more important things to do. Therefore, when they receive your application, they compare it against their loaning criteria. If everything looks great, they will approve your credit and transfer it to you immediately, take note that it is an instant cash loan like no other!

Debt consolidation amounts

They offer debt consolidation loans of between £1,000 and £50,000 to both new and existing Barclays customers. You can select a convenient loan repayment term for between 24 to 60 months depending on the loan amount you choose. For debt consolidation loans that fall between £7,500 and £15,000, their Representative APR is an affordable 4.9%.

A simple way to become debt-free

There is nothing complicated regarding a debt consolidation loan; it simply involves exchanging many small loans for a bigger loan that is easier to manage as well as carrying a lower interest rate.

The best results are attained when your new loan has a lower interest rate, however many people choose a debt consolidation loan simply to reduce their monthly repayments and to make it affordable. At Barclays, they want to help people and businesses to get where they want to be. Therefore you can contact them today,  to make your finances work for you.

Choose Barclays for a consolidation loan

They have a representative APR of only 4.9% but the APR you’ll be offered on your loan will depend on your credit score, history, and personal risk assessment profile.

If you bank with Barclays you have a better chance of qualifying for a provisional short-term loan. If so, you simply have to click on the offer, fill in the agreement form, which will require you to verify some information and your debt consolidation loan will be paid into your account.

Get a personalized quote from Barclays

Barclays offers you a way to find out if you qualify for a loan as well as inquiring a quote that will allow you to see what APR they will offer you before you formally apply for your loan.

Barclays also offers you a price guarantee which you can claim if another lender offers you a lower rate for a similar loan. They also offer you the convenient option of repaying your quick loan early at any time whether it be partially or completely, with an additional charge of only 1 month’s interest on the repaid amount.

Requirements for a Barclays consolidation loan

  • You will have to undergo a credit check that will determine your ability to afford and manage the debt consolidation loan.
  • They require that you be over the age of 18.
  • You will have to provide proof of at least 3 months worth of payslips.
  • You cannot use the debt consolidation loan to settle CCJ’s or apply for one if you're currently bankrupt or have an IVA.
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Barclays is a trusted & reliable provider of debt consolidation

In our review, Barclays adheres to the compliance criteria in accordance with the Consumer Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Barclays is a registered credit provider in UK: FCA number 759676

Customer Reviews & Testimonials

June 2021

They have come to my aid in more ways than one when we found out that our car had a balloon payment that we were not aware off they helped us get the loan to pay off our debt.

Tommy L
— Essex —

July 2021

Have you ever been in a place where you don’t know who to turn to well I am telling you that you can turn to them they will help you get the loan that you need?

John P
— Christchurch —

Barclays Contact

Contact Number

E-Mail

  • not available

Website

Physical Address

Opening Hours

  • Monday 09:30 – 16:30
  • Tuesday 09:30 – 16:30
  • Wednesday 10:00 – 16:30
  • Thursday 09:30 – 16:30
  • Friday 09:30 – 16:30
  • Saturday – Closed
  • Sunday – Closed