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Barclays Personal Loan Reviews

Ratings based on 33 reviews Last review 2 weeks ago

Barclays personal loan reviews on Smart Money People are honest reviews. If you're trying to determine whether this is the right personal loan for you, reading our Barclays personal loan reviews can help you to find out what other people have to say....

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Barclays personal loan reviews on Smart Money People are honest reviews. If you're trying to determine whether this is the right personal loan for you, reading our Barclays personal loan reviews can help you to find out what other people have to say. Smart Money People launched in October 2014 to help people like you to find the best personal loans. If you have used a Barclays personal loan, we'd love you to write a quick review too.

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Your Personal Loan Reviews (33)

5th October 2018

Barclays literally scammed me!

Applied for a car loan (10k in 5 years) 7 months ago after being their client (4 years) and having a "very good" credit score, even though never had loans in my life before, so I was expecting an high APR. Loan that ended up being a personal loan so...

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Applied for a car loan (10k in 5 years) 7 months ago after being their client (4 years) and having a "very good" credit score, even though never had loans in my life before, so I was expecting an high APR. Loan that ended up being a personal loan so unsecured loan with higher APR then.
At the moment I have applied they promised me that they would have reviewed my APR rate within a few months once my credit score would have got better.
Anyway I was pre-selected for a 25k personal loan at 19% APR,
so I thought to apply for 10k with the same 19% which after the credit check ended up being up to 26.5% !!!!!!
I could not refuse as I had already booked my car so needed to accept it anyway but with the hope to tweak it in a few months later.

Now after 7 months, I have more money in my bank account, my salary went way up by 5k per year and my credit score with Experian is Excellent only 8 points less than the maximum 999.
I went to the barclays branch to discuss my existing loan and they said that I don't have any chances to tweak my existing loan, and if I wanted a better rate I should have applied for a new loan with them and pay off the existing one, but anyway this wasn't convenient for me as the proposed APR was still way too high...

I decided to pay back the 14£ Experian membership then, to check any other loans alternatives, and found out that I was pre-approved at 100% with Lendable for 14% APR which was already quite good compare to the Barclays one, and had 95% chances to get 3.3% with Admiral finance.

I went straight away to try it and done a soft credit check with Admiral which confirmed the 3.3% loan for 9k spreaded in 3 years to pay off my existing one.
I have applied for a hard credit check which confirmed the loan.

3.3% against 26% that's INSANE!!!
that's the way how Barclays treats its customers!
If it wasn't to keep the account open for my credit history I would have already shut off my Barclays account! You must seriously have something wrong in your customer service and treatments.
I wish you all the worst!

25th September 2018

Misleading offers - would not reccommend

like many others, I received an in mail promo which I went online to check my actual rate. I entered the amount I needed, checked the rate, all came back good, so I proceeded with the offer. Keep in mind, just checking the rate did not hurt my credit...

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like many others, I received an in mail promo which I went online to check my actual rate. I entered the amount I needed, checked the rate, all came back good, so I proceeded with the offer. Keep in mind, just checking the rate did not hurt my credit score, but proceeding once I thought I was going forward with what I asked for did. Once I get into the account information, they send me "their offer" for almost HALF of what I needed! Keep in mind as well, I have an excellent credit score. I just wanted to consolidate some debt and make a major home reno. I called them to see what the deal was, and they took me through this entire process of basically giving them my life story, only for them to offer me a new offer of just a few thousand more. Still not what I needed. Very misleading, sketchy, and now I have a hard pull on my credit report and a waste of my time.

30th August 2018

Barclay Loan invite is the real deal

I received an invite in the mail for "fixed apr as little as 4.99%." Last night I went online, applied (for less than half of the $35,000 limit), indicated my preferred term ... and was approved, just like that. Painless. The money was deposited in my...

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I received an invite in the mail for "fixed apr as little as 4.99%." Last night I went online, applied (for less than half of the $35,000 limit), indicated my preferred term ... and was approved, just like that. Painless. The money was deposited in my account today. I read all the negative reviews and considered not applying, but I'm glad I went ahead and did it.

7th August 2018

Terrible experience

Please don’t waste your time applying. I received a pre-approval letter for $35,000 for a personal loan. My credit has been excellent for the last 3 year and I have been on my job for 13 years. I wanted a personal loan to consolidate my bills and r...

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Please don’t waste your time applying. I received a pre-approval letter for $35,000 for a personal loan. My credit has been excellent for the last 3 year and I have been on my job for 13 years. I wanted a personal loan to consolidate my bills and requested 30,000. They called and ask me a lot of my personal business what I will use the money for and what I spend on credit cards ex. food, gas, and clothes I told him no. He said you have a total of $18,000. In debt and we can give you $5000. I told them no thanks but now I have a hard inquiry on my excellent credit that has to stay there for 2 years. I believe they are information seekers. Sign, Very disgusted and disappointed

26th July 2018

waste of time

Received a pre-selected loan offer for a fixed APR as low as 4.99% a couple of days ago. However, just after submitting my personal info online to check the actual rate available to me, a denial message was shown on my computer. Why the Barclays ...

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Received a pre-selected loan offer for a fixed APR as low as 4.99% a couple of days ago. However, just after submitting my personal info online to check the actual rate available to me, a denial message was shown on my computer. Why the Barclays wasted everyone's time by sending out those pre-selected offers at the first place??

21st July 2018

AVAILABLE LOAN OFFER FOR ALL

Hello Friends, I got my bad credit loan of 10,000$ from Mr Lavington yesterday and I decided to share this testimony to you all, If you have a bad credit and you need a loan I like you to contact Mr Lavington as well because he asked me to let my...

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Hello Friends, I got my bad credit loan of 10,000$ from Mr Lavington yesterday and I decided to share this testimony to you all, If you have a bad credit and you need a loan I like you to contact Mr Lavington as well because he asked me to let my friends know about his loan offer.

He offers loans from 3000$ to 1 Million Dollars and His interest is 2% with maximum loan duration of 25 years

So no matter your situation you can get a cheap loan because this offer is better than the bank who demands for Higher Interest.

To get your loan contact Mr Lavington : lavingtonfinance@gmail.com or you can Text/Call +18288270635 for Whatsapp you can message him on +16317433683

Thanks

19th July 2018

SCAM

Just rec'd letter saying i was preapproved for a loan at 4.99% to which i would use to consolidate.....the best rate they would give an exceptional credit number is 14.99%......where did the 4.99% go??? ONCE A SCAM ALWAYS A SCAM COMPANY

2nd July 2018

Terrible customer service, withdrew my application

I received a pre-approved offer and decided to take them up on it as it was something I was considering doing for some time. I have a Barclay credit card and have had good experiences with it. After filling on the online form, I was asked to call...

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I received a pre-approved offer and decided to take them up on it as it was something I was considering doing for some time. I have a Barclay credit card and have had good experiences with it. After filling on the online form, I was asked to call them back to answer a few more questions. After 30 minutes of being grilled about everything from the last purchase I made to my ex-wife from 12 years ago, I withdrew my application and said it wasn't worth the inquisition! I have decent (740) credit and do not understand the logic for the level of questions being asked.

27th June 2018

Scam

I received a letter that I was pre-selected for a personal loan up to $35,000 with interest as low as 4.99%. I applied online and immediately received the response that my application was not approved. What a waste of time and what a scam.

16th June 2018

Good rate, fast and easy

I submitted the online loan application, received my interest rate, which was very fair and competitive. I was then contacted by phone within 10 minutes of submitting my loan application. After another 5-6 minutes on the phone with follow up...

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I submitted the online loan application, received my interest rate, which was very fair and competitive. I was then contacted by phone within 10 minutes of submitting my loan application. After another 5-6 minutes on the phone with follow up questions, the loan was approved. The funds were transferred to my account within 2 hours. I highly recommend Barclays!

3rd June 2018

Sends rejection letter when you decline their offer

I had pre approval and had asked for the amount I...

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I had pre approval and had asked for the amount I wanted.
I was approved and sent an email of that approval with links to accept the offer.
The offer was significantly less than what I had asked for so I declined their offer.
I also received an email from them stating I declined their offer.
Yesterday I received a letter from them claiming they declined me!
I wouldn't recommend a company that tries to lie to someone about reality.

11th February 2018

Fuss free easy lending!

We took out a small personal loan which was paid off monthly over a set amount of time. Easy to set up, no issues along the way and a letter confirming the payment period had finished when we’d paid it all!

25th January 2018

Rude customer service and sketchy documentation process

Barclays personal loan surely looks like the narcissistic money lenders out there in the market which will send you pre-qualified offers just because you have a strong credit history and then when you finally want to apply because of some emergency,...

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Barclays personal loan surely looks like the narcissistic money lenders out there in the market which will send you pre-qualified offers just because you have a strong credit history and then when you finally want to apply because of some emergency, they will take you for a whirlwind tour asking for stupid documents which are not even asked by any other lenders in the market. In the end, they will just decline saying that all the list of documents you have submitted have not met their criterion. Utter humiliation by this bozo lender. It's the worst in the market. Stay Away!!!!

20th January 2018

Liars

I received a letter stating that I could consolidate my credit card debt at a rate of as low as 4.9 percent, and that I had been pre-approved. When I went to the site and got an estimate on a 48 month loan, the interest rate was 12.9 percent. On a...

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I received a letter stating that I could consolidate my credit card debt at a rate of as low as 4.9 percent, and that I had been pre-approved. When I went to the site and got an estimate on a 48 month loan, the interest rate was 12.9 percent. On a 60 month loan, the interest rate as 9.9 percent. The interest rate listed on the letter was obviously only a ploy to get people to go their site.

7th January 2018

Barclays Are The Best

I have a personal account with Barclays, I've never had any issues with them. Last year I applied for a loan, and they were fantastic, all the fees and interest was laid out for me and their repayment fee per month is doable.

5th January 2018

Disgraceful Rates and Experience

I have been banking with them for 6 years and turned up asking for a Personal Loan with an Experian Credit Score close to maximum and an impeccable loan history; the best they could offer was about 22%, whilst the competition issued a higher size loan...

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I have been banking with them for 6 years and turned up asking for a Personal Loan with an Experian Credit Score close to maximum and an impeccable loan history; the best they could offer was about 22%, whilst the competition issued a higher size loan for 3%.

8th November 2017

The rates are due to your credit and debt

If you have bad credit you will not get a interest rate that will fit your need as much me and my wife got a 8.9 percent rate with high 700s score ...so i wouldnt give a bad review if your rate is affected by the amount of debt and score you have ....

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If you have bad credit you will not get a interest rate that will fit your need as much me and my wife got a 8.9 percent rate with high 700s score ...so i wouldnt give a bad review if your rate is affected by the amount of debt and score you have . The best thing about this is you PAY 1 BILL INSTEATD OF MANY WITH VARIOUS RATES. Self educate in how it works and youll know of it fits you best or not . Its a great way to track one payment for all debt at a possible lower rate so you pay it off faster than you would splitting to various points of debt .

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