Review of Barclays Loans

If you are currently trying to borrow money whether you want  to pay for a new car or holiday or to consolidate existing debt you might have been looking into Barclay’s loans to see if they are right for you or what kind of loan you need.

To access a Barclays loan or car loan you will need to be an existing banking customer and aged 18 or over.

There are currently three types of Barclay’s loans available:

Barclays Personal Loans 

Barclay’s offer personal or ‘unsecured’ loans you can take out for a variety of reasons. Barclay’s offer personal loans of up to £50,000 although the actual amount you can borrow will be dependent on your credit rating.

They offer a price guarantee meaning if you find any like-for-like loan with a lower APR they will match it.  They will also not change your personalised rate no matter what your reason for borrowing is.

Barclay’s Homeowner Loans

If you’re looking to borrow more money than you can with a personal loan then a home loan might be the right option for you, as home loans are secured against your home lenders are willing to offer you more.

Barclay’s offers home loans of between £3,000 and £250,000 for UK homeowners. Barclay’s home loans are actually provided by Freedom Finance through an agreement.

The actual amount you can borrow from a secured loan is determined by more than just the value of your home, all lenders will also take into consideration factors such as;

Make sure you get the best deal

Whatever type of loan you are considering make sure you are getting the best deal you can. The conditions of different loans and their interest rates vary greatly; Barclay’s loans are one option of many, so it is wise to check every option available.

You can use the loan calculator on this website to compare over 200 loans from over 20 different lenders to help you find the best loan for you.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.