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Barclays: Personal Loan reviews

Name: Personal Loan
Rating: 4.08 (105 reviews)

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3.97

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.

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Barclays Personal Loan reviews (105)

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

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 questions, the loan was approved. The funds were transferred to my account within 2 hours. I highly recommend Barclays! Reviewed on: 16th June 2018

Sends rejection letter when you decline their offer

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. Reviewed on: 3rd June 2018

Easy to check my rate

Got my rate, term, and offer immediately. Got funds next day. Saved a ton with the low rate. Reviewed on: 24th April 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! Reviewed on: 11th February 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, 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!!!! Reviewed on: 25th 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 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. Reviewed on: 20th 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. Reviewed on: 7th 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 for 3%. Reviewed on: 5th January 2018

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 . 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 . Reviewed on: 8th November 2017

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