When it comes to a personal loan, Barclays know exactly what people need: a fixed interest rate and freedom to borrow money. The bank has a personal loan product to offer Americans financing for debt consolidation, making a big purchase, or home repairs.
Loans are excellent financial products that provide borrowers funding to attend to urgent expenses like medical emergencies, education, or simply paying bills. The Barclays Online Personal Loan is great for individuals who need up to $35,000 in cash for personal needs.
Discover the features of the Barclays Personal Loan and find out if this product is best for you. Read on as we explore the loan product, application process, requirements, and interest rates. Borrowers receive information about the loan terms from the bank.
The Benefits Of Barclays Online Personal Loan
Individuals with excellent credit scores can get an invitation for personal online loans with no extra fees. Barclays offer a loan product with low APR and with no origination fee.
The Online Personal Loan has flexible payment and allows borrowers to change their payment due date as it suits them.
For this loan product, borrowers can enjoy a fixed interest rate, fixed repayment schedule, and fixed monthly payment. It is affordable and provides more breathing space for borrowers who need money for personal needs.
Compared to other unsecured loans, the Barclays Online Personal Loan has no prepayment penalties, late payment fees, and other added charges. To put it simply, this loan provides make it easier for borrowers to pay back the borrowed amount.
How To Apply For A Barclays Online Personal Loan
Barclays Online Personal Loan application is completely online. It is only by invitation. So if you don’t have an invitation code, you cannot apply. If you do, you can simply visit the website indicated in the invitation and enter the invitation code.
Borrowers also need to provide the loan's purpose, the loan amount they want, and other personal information to apply. Details about employment are also necessary and the bank can also request additional documents as well.
Additionally, only individuals with a good credit score of 700 and above can apply for this type of loan. The bank will still verify the information provided before loan approval. Head to Barclays Bank website now to get started.
Loan Interest Rates And Other Fees
To say that Barclays Online Personal Loan is affordable is an understatement. Compared to other banks offering personal loans, Barclays definitely has a lower interest rate of 4.99% to 20.99%, with fixed monthly repayment.
The loan amount starts at $5,000 up to a maximum of $35,000.
Barclays Contact Information
For general inquiries about the loan, you can contact Barclays at 1-866-951-1416 or 1-302-255-8888 for international calls. The bank’s main address is located at Barclays Bank Delaware 125 South West Street, Wilmington, United States.
Conclusion
The Barclays Online Personal Loan is suited for individuals with a high credit score of above 700. Despite the perks, like a lower interest rate, only selected people can apply for this loan product.
If you have more concerns about this loan, you can contact Barclays today.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
