Barclays Bank lowers loan rate | Product News - Moneyfacts

Product News

Barclays Bank lowers loan rate

Barclays Bank lowers loan rate

Category: Loans
Date: 06/03/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Barclayloan Plus, available to existing Barclays Bank customers who apply online or by telephone, has been reduced by 0.6%.

The basics…

A competitive rate of 5.1% APR is offered to customers borrowing between £7,500 and £25,000, although those who choose to apply in branch will receive a slightly higher rate of 5.7% APR.

The finer details….

Rates are representative and dependent on credit rating, loan amount and term.

Based on a borrowing amount of £5,000 over a three year period, a typical monthly repayment would be £162.35, based on both loan rates.

Why we like it….

This loan offers a highly competitive rate to customers wishing to borrow higher amounts online or by telephone. Four out of five Moneyfacts Stars have been awarded.

What next?

Find out how much a Barclays Bank loan could cost you each month with our handy Loan Calculator.

Check out our guide to improving your credit rating

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
Close