Barclays Personal Loans UK | Rates, Same-Day Funding and Eligibility

Barclays personal loans at a glance

Barclays personal loans offer unsecured borrowing from £1,000 up to £50,000 with representative APRs starting around 6.1% for Premier customers and roughly 6.3% for current account holders. These loans come with fixed interest rates, so monthly payments stay predictable, making budgeting straightforward for households across the UK.

Same-day funding is available for eligible applicants who sign online or in the banking app within Barclays’ processing window, which makes Barclays personal loans a practical choice for urgent expenses, home improvements or planned consolidations.

Rates, terms and repayment clarity

Typical repayment terms run between 2 and 5 years, and Barclays personal loans use fixed rates to avoid surprises. Your exact APR depends on your credit history, loan amount and chosen term, so checking representative examples and the loan calculator helps you estimate monthly costs before you apply.

Use Barclays’ online loan calculator to model scenarios — for example, borrowing £15,000 at a competitive rate over three years — so you can compare total cost and monthly repayments. Clear figures improve decision-making when evaluating Barclays loans versus other lenders.

Who’s eligible and how to apply

Eligibility for Barclays personal loans typically requires being 18 or older, resident in the UK and holding a Barclays relationship such as a Current Account, savings account, mortgage or Barclaycard. Barclays generally lends to those with fair to excellent credit, so your score will influence the APR offered.

The application process is straightforward: use the soft-search eligibility checker to avoid impacting your credit file, apply online or via the app, and many customers receive an instant decision. If approved and you sign promptly, Barclays personal loans can be funded the same day.

Benefits, drawbacks and next steps

Barclays personal loans are attractive for predictable payments, competitive rates for existing customers and options like overpaying without penalty. You can use a loan to consolidate higher-rate debt, fund renovations or top up an existing loan, while Barclays offers tools to manage repayments in internet banking.

Bear in mind early redemption incurs a fee—typically charged as 30 days’ interest on the amount repaid early—so factor that into plans to clear a Barclays loan ahead of schedule. Ready to move forward? Check your eligibility, run the loan calculator and apply online to see personalised Barclays loan rates and potential same-day funding.