Barclays personal loan review

Written by: Jennifer Brozic
• Updated •1 min read
This date may not reflect recent changes in individual terms.
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In a Nutshell

Personal loans from Barclays come with competitive rates and no origination, late or prepayment fees. But the maximum loan amount you can borrow is relatively low, and the bank has no physical branches.
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Barclays is offering personal loans by invitation only. Explore more personal loans from banks.

What you need to know about a Barclays personal loan

Barclays offers unsecured personal loans that eligible borrowers can use for debt consolidation, home improvements, major purchases and more.

Who a Barclays personal loan is good for

Since rates are competitive and there are no origination, late payment or prepayment penalties, Barclays could be ideal if you’re eligible and need some extra cash for just about anything.

With a prequalification process that doesn’t impact credit scores, you can check your estimated interest rate and compare it to offers you receive from other lenders before submitting a formal application.

*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.

About the author: Jennifer Brozic is a freelance financial services writer with a bachelor’s degree in journalism from the University of Maryland and a master’s degree in communication management from Towson University. She’s committed… Read more.