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The amount you can apply to borrow

You can choose to apply for a loan of between £5,000 and £25,000 in multiples of £100, over a repayment period from 2 to 5 years. Please note: while repaying over a longer period may mean lower monthly repayments, the overall cost of borrowing may be higher.

How we determine the interest rate you will pay

The rate you are offered is based upon your personal situation, the loan amount and repayment term. Interest is calculated daily on the outstanding loan balance. The first month of your loan term is interest free. However if you settle your loan before you have made more than half of the monthly payments provided for in your agreement, you will pay the interest which would otherwise not have applied for that first month.

Fixed monthly repayments

The interest rate is fixed for the life of your loan and so your monthly repayments will not change which could help you budget more easily.

Making your fixed monthly repayments

Your fixed monthly repayments will be paid by direct debit. The first monthly repayment is due 2 months after the date the loan has been opened. After the first payment, you can change the repayment date to one more suitable to you, although additional interest will be applicable.

When you can receive your money into your Barclays account

Apply in branch and if approved, you could have your money in your Barclays account before you leave. Apply by phone on a working day (Monday to Friday excluding Bank Holidays) and if your loan is approved, and you sign your agreement in Online Banking before 2pm, we’ll transfer the money to your Barclays account before 5pm (apply after 2pm, and we’ll transfer the money on the next working day).

If you’re not already 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 for you to sign and return, and then we’ll transfer the money into your account as soon as we get it back signed.

Repaying your new loan early

You can also repay your loan earlier than planned in full or in part at any time. An early settlement fee of 30 days' interest on the loan balance outstanding at the settlement date will be payable in addition to any other interest due.

 

Representative example
9.9% APR
representative on Barclayloan Plus. Based on a loan of £10,000 over 60 months at an interest rate of 9.930% pa (fixed). Monthly repayment £212.13. Total amount payable £12,727.80

 
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Monthly repayments: £ 
Total amount repayable: £ 
APR:  %

This quote is for illustrative purposes and is valid for today only.

Loan repayment examples


Loan amount £7,500    £16,000
APR 9.7% 8.9%
Term 36 months 60 months
Monthly repayment £241.54 £331.59
Total repayable £8,695.44 £19,895.40

Apply now for Barclayloan Plus

  • Apply online if you are registered for Barclays Online Banking.
  • If you're not registered for Barclays Online Banking, register here to apply.

 

Other ways to apply

Don’t meet the eligibility criteria?

Don’t worry – you may still apply online for a Barclayloan.

Other products to consider

Homeowner loans – Borrow £3,000 to £100,000 at flexible terms

Top up an existing loan – Get extra cash when you need it

Credit cards – See our latest balance transfer offer

 

Important information
 
1. The rate which you are offered is based upon your personal situation, the loan amount and may also depend on the repayment term. Eligibility criteria and conditions apply. You must be a UK resident to apply. Loans are subject to your circumstances at the time of applying. The rate offered may differ from the representative APR.
 
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