Barclays personal loans: 2022 review, rates

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Barclays personal loans

Regular Annual Percentage Rate (APR)

4.99% – 20.99% APR

Personal loan Barclays Barclays

Regular Annual Percentage Rate (APR)

4.99% – 20.99% APR

Regular Annual Percentage Rate (APR)

4.99% – 20.99% APR

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Pros and Cons of Barclays Personal Loans

Barclays is best for borrowers who are exclusively advised to apply for a loan by the lender. You cannot apply for one if you are not invited to do so. Other borrowers must choose a different lender.

If you are invited to apply, you may want to approach the lender if you have a great credit rating and can qualify for the lowest rate, as the best rate available is better than many other lending companies personal.

Comparison of personal loans from Barclays

How Barclays compares

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Editor’s Note

3.75/5
A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star

Regular Annual Percentage Rate (APR)

4.99% – 20.99% APR

Editor’s Note

4.5/5
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Regular Annual Percentage Rate (APR)

5.99% to 21.49% with AutoPay (Rates as of 10/25/2022. Rates vary by loan purpose.)

Editor’s Note

4.25/5
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Regular Annual Percentage Rate (APR)

7.99% – 23.43% (with all discounts)

SoFi and LightStream both cater to borrowers with good or better credit. Barclays does not disclose a minimum credit requirement, but only borrowers with the best credit ratings will qualify for its lowest rates.

All three lenders have minimum loan amounts of $5,000. SoFi and Lightstream offer loans of up to $100,000, while Barclays only lets you borrow up to $35,000. None of the companies charge a fee.

Frequently Asked Questions

Barclays has an A+ rating from the Better Business Bureau, a non-profit organization focused on consumer protection and trust. The BBB rates companies on their responses to customer complaints, honesty in advertising, and transparency in business practices.

Barclays has not been involved in any recent scandals. Between its clean history and excellent BBB rating, you might consider borrowing from the lender. However, you may want to contact people who have used the company before to get a first-hand knowledge of how it treats customers.

The APR on a Barclays personal loan ranges from 4.99% to 20.99% APR, depending on your credit score and other financial factors.

Yes, Barclays performs an indirect credit check when you apply for a loan. This allows the lender to have a complete view of your credit history without impacting your credit score. Once you agree to the terms of your loan, the company will apply for firm credit, which can negatively impact your score.

About Judith J. George

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