Barclays personal loan review: excellent minimum rates, but only applicable by invitation

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barclays personal loans

Usual annual rate (APR)

Annual interest rate 4.99% – 20.99%

Barclays Barclays Personal Loans

Usual annual rate (APR)

Annual interest rate 4.99% – 20.99%

Usual annual rate (APR)

Annual interest rate 4.99% – 20.99%

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Pros and Cons of Barclays Personal Loans

Barclays is perfect for borrowers invited by lenders to apply for loans. If you are not invited, you cannot apply and receive one. Other borrowers should choose another lender.

If you are invited to apply, we recommend using a lender if you have a good credit score and have access to the lowest interest rates. Because the best rates available are better than many other personal loan companies.

Barclays personal loan comparison

Barclays comparison

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Editor’s rating

3.75/5

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Usual annual rate (APR)

Annual interest rate 4.99% – 20.99%

Editor’s rating

4.5/5

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Usual annual rate (APR)

5.99% to 21.49% with AutoPay (Interest rate as of October 25, 2022. Interest rate depends on the purpose of the loan.)

Editor’s rating

4.25/5

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Usual annual rate (APR)

7.99% – 23.43% (including all discounts)

Sophie When light stream Both cater to borrowers with good or better credit. Barclays does not disclose minimum credit requirements, but only borrowers with the highest credit scores qualify for the lowest interest rates.

All three lenders have a minimum loan amount of $5,000. SoFi and Lightstream offer loans up to $100,000, while Barclays allows him to borrow only up to $35,000. None of the companies charge a commission.

Frequently Asked Questions

Barclays is A+ rating Provided by the Better Business Bureau, a non-profit organization focused on consumer protection and trust. The BBB evaluates companies based on their responsiveness to customer complaints, honesty in advertising, and openness regarding business practices.

Barclays has not been implicated in any recent scandals. Between its clean history and his excellent BBB rating, you might consider renting from a lender. However, we recommend that you contact someone who has worked with the company before doing so to get a first-hand view of how the company treats its customers.

Barclays personal loan APRs range from 4.99% to 20.99% APR, depending on credit score and other financial factors.

Yes, Barclays will conduct a soft credit investigation when applying for a loan. This allows lenders to get a complete view of their credit history without affecting her credit score. After accepting the terms of the loan, the company may perform a hard credit pull, negatively impacting your score.

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