If you’ve got a big expense. but don’t have the funds, a Barclays Personal Loan can help. Barclays Bank is one of the most trusted banks for a number of people when they are seeking to take out loans due to their long history and their terms.

A lot of services by this bank were offered in the traditional setup which meant that you had to physically appear at the bank. But they too have evolved and have caught up with the changing times. You can easily go as far as to apply for a loan with this bank online.

To find out how you can apply for a loan with the bank and moreover how you can apply for a personal loan online, you should read on to the end. Info on the requirements and what documents to have when applying for a loan online can be found here.

Benefits & Features of a Barclays Personal Loan

You’ll be able to settle the pressing financial situation that you are in. But there are still some benefits with Barclays that you can get that you can’t with other banks and they include the following.

Easy Application

As stated before, the bank has evolved and you no longer have to physically appear at a branch for you to get a loan. You can do it all in the comfort of your home and that is what a number of customers are looking for, especially during this time of COVID-19.

Credit Limit

This is where Barclays in most cases blows the other banks out of the water. You can easily secure a loan limit of up to £35,000 considering your credit score is above 700.

Repayment Terms

With Barclays, you have one of the best repayment terms there is out there. With up to 60 months to be able to pay off your loan, you have ample time to settle the loan. Plus, you won’t get strained in between the payment and trying to survive too.

Interest Rate

You also get another benefit here as the term of your loan will determine how much you pay. In addition to your credit score, your loan term to determines your APR. But in essence, your APR starts from as low as 5.5%.

Quick Access to Funds

As long as you apply for the loan online or through the mobile app, you can get the money in your account almost instantly – as long as you are approved.

Eligibility & How to Apply

You have to be at least 18 years old to be able to apply for a loan with Barclays Bank. You also have to be employed or self-employed and earning at least £10,000 annually. Lastly, you have to be a U.K. citizen or a resident for you to apply.

There are a number of documents that you have to provide as well so as to meet the requirements of the bank. You can find out more about these documents by visiting the Barclays website.

To apply for the loan, you can visit a branch nearby, which can be a hassle and you have to deal with long lines in most cases. That’s why applying for the loan online might make more sense and you can do that by visiting the bank’s website.

Alternatively, you can use this link to jump straight to the online form and begin your application process. It will take you at least 30 minutes to completely fill out the form there. You need to have scanned copies of the required documents at hand before you begin – it makes the whole process run smoothly.

Bank’s Contact Info & Address

To get in touch with a representative from Barclays, you can call 0800 716 5982. The bank’s head office is located at 1 Churchill Place, London E14 5HP.

Conclusion

To apply for a loan with Barclays Bank, you no longer have to use the traditional methods of application. Today, you can get the whole process done online and with ease. Here was how you can easily get it done and all at the comfort of your home.

Note: There are risks involved when applying for a loan. Consult the bank’s terms and conditions for more information.