Barclays Personal Loan
Barclays Personal Loan
One of the most well known banks in the UK, Barclays can offer Loans called Barclays Personal Loan from £5,000 to £25,000. They can give you an instant decision and there are no arrangement fees. They also offer a price range guarantee so if you are offered a better deal elsewhere, they will beat it. A BarclayloanPlus option (lower APR) is available to customers who have held a Barclays current account for over 12 months, pay at least £1,000 into their account each month, have managed their account well and have a good credit history.
Apply Barclays Personal Loan Online
Apply Barclays Personal Loan online and you will be given a quick decision. They will then send a letter and a loan agreement out to you if you are accepted. When you send this letter back, ensure you send any documents they request. Once they receive all your information regarding Barclays Personal Loan, they will transfer the money directly into your account within 5 working days – 24 hours if you are an account holder.
However, please bear in mind that the Financial Ombudsman Service named Barclays as the most complained about bank in the UK in 2009, with most of the complaints regarding banking and credit services. Their customer service is not the best with many people taking the view that while their staff are courteous, they need more training with regard to giving out correct information for Barclays Personal Loan. Barclays Personal Loan interest is also not the lowest about but if you bank with them already and are happy with the service then this could be a valid option. On the other hand, if you don’t have good credit (i.e. have made late payments, have had CCJ’s or defaults) then don’t apply because you won’t get accepted for Barclays Personal Loan.
Barclays Personal Loan Criteria
* If you are an existing customer, they may not ask you to provide any documents
* You must have a good credit history
* You must be over 18 years of age
* You must be full-time, part-time or self-employed earning £700 per month
* You must be a UK resident for 3 years or longer
* You must have a Barclays bank account with direct debit facilities
Current Offers for Barclays Personal Loan
If you are offered a better deal on a loan elsewhere, they will beat it
Hope this information can be useful for explaining about Barclays Personal Loan.