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Barclays: Personal Loan reviews

Name: Personal Loan
Rating: 4.08 (105 reviews)

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3.94

Based on 105 reviews, last reviewed 2nd May 2024

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

68%

16%

Latest highest rating:

4

Helpful always most time i have been helped Helpful always most time i have been helped Reviewed on: 2nd May 2024

Latest lowest rating:

2

Was offered loan, quickly and satisfied Was offered loan, quickly and satisfied Reviewed on: 15th March 2024

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About this product

The Barclays personal loan reviews on Smart Money people are left by people like you. Read through other people’s experiences to help you determine whether this is the right personal loan for you.

The type of loan you take out can impact everything from your ability to meet repayments, to your credit score, so it’s important to give it careful consideration. Barclays offers a number of personal loans, so you can read through the reviews on our site to see what other people have to say to help you make up your mind.

And remember, if you've taken out a Barclays personal loan in the past, you can also leave a review. Why not share your experiences on customer service, or the application process for example and include any other details you think would be useful for those doing their research on loan providers.

Smart Money People is the UK’s largest financial services review site. Together, we can increase trust and transparency in financial services. Leave a Barclays personal loan review below.

Barclays Personal Loan reviews (105)

Review of the Barclays, Personal Loan:

Easy and quick

Easy and quick service that didn’t require a lot of reassessment Reviewed on: 25th June 2020

Brilliant

I can’t fault Barclays. Customer servos is excellent. Online banking is excellent and they are always so helpful. Reviewed on: 6th November 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 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! Reviewed on: 5th October 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 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. Reviewed on: 25th September 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 account today. I read all the negative reviews and considered not applying, but I'm glad I went ahead and did it. Reviewed on: 30th 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 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 Reviewed on: 7th August 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 wasted everyone's time by sending out those pre-selected offers at the first place?? Reviewed on: 26th 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 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 : [email protected] or you can Text/Call +18288270635 for Whatsapp you can message him on +16317433683 Thanks Reviewed on: 21st 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 Reviewed on: 19th 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 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. Reviewed on: 2nd July 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. Reviewed on: 27th June 2018

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