Barclays personal loans from 6.1% APR, same-day payouts and eligibility for UK customers

Competitive rates and clear terms

Barclays personal loans offer competitive fixed-rate borrowing for UK customers, with representative rates advertised from 6.1% APR for eligible accounts. Fixed monthly repayments make budgeting straightforward, so you know exactly what will leave your current account each month.

Loan amounts typically range from £1,000 to £50,000 with terms between two and five years, allowing flexibility whether you need to consolidate debt, fund home improvements or cover a big one-off expense. The transparency around interest and fees helps avoid surprises and builds trust.

Application and same-day payouts

Applying for Barclays loans is optimised for online and mobile banking customers; the soft-search eligibility check keeps your credit file safe while showing likely offers. Existing Barclays customers can often complete an application in minutes and receive an instant provisional decision.

Signatures completed via mobile or online between the bank’s specified hours can trigger same-day payouts, a useful feature when cash is needed quickly. Remember that the exact speed depends on verification checks and the time the agreement is signed.

Eligibility and managing your repayments

To qualify you generally need to be 18 or over, resident in the UK and hold a relationship with Barclays such as a current account, mortgage or Barclaycard. Credit history is important: the best advertised rates are aimed at applicants with good to excellent credit scores.

Barclays allows overpayments without penalty and offers tools to manage repayments through online banking and the app. If your circumstances change you can speak to the bank about top-ups, second loans or early settlement — noting that early redemption may incur a charge equivalent to 30 days’ interest.

Why choose Barclays and what to compare

Barclays stands out for its long-standing reputation and integrated service for UK customers, combining competitive Barclays loan rates with strong customer support and data security. For many borrowers, the benefit of predictable fixed repayments and potential same-day funding makes it an attractive option.

However, it pays to compare representative 6.1% APR offers with other lenders before committing. Check total cost of credit, eligibility, fees and whether the lender accepts applications from existing customers only. Shopping around ensures you secure the best personal loan for your financial goals.