Personal Loans
With one of our flexible loans you could get up to £25,000 to help you get what you want in life
What are you dreaming of?
Key benefits
- Low rate of 7.3% APR Typical
- Loans between £1,000 and £25,000
- No arrangement or set-up fees
- The security of optional Payment Protection Insurance
Loan calculator
Payment Protection Insurance
Payment Protection Insurance could cover your loan payments if you become ill or lose your job through no fault of your own.
Loans are subject to status. Early settlement fees will apply.
Want to talk to us instead?
Give us a call on 0800 289 289
We set individual rates on the basis of a customer's financial status and the amount borrowed. Therefore the rate you are offered may differ from the Typical APR shown.
Loans subject to status. Early settlement fees will apply.
Barclaycard is a trading name of Barclays Bank PLC. Barclays Bank PLC is authorised and regulated by the Financial Services Authority and subscribes to the Banking Code.
The information contained in this table summarises key features of our unsecured personal loan. You'll still need to check the terms and conditions for full details.
Product
Unsecured Personal Loan
Interest - APR
Typical 7.3% APR
For example: borrow £4,000 plus optional payment protection premium of £596.17
Monthly Repayment £142.15, repayments over 36 months with Payment Protection Insurance, total amount repayable: £5,117.40
The interest rate you receive will be based on your personal circumstances and the amount you choose to borrow
Rates from 7.3% APR to 24.9% APR
How we calculate the interest
Once agreed, the APR is fixed and guaranteed for the life of your loan
Interest at the rate shown on your Loan Agreement will be calculated on the amount of loan outstanding each day and debited from your account monthly in arrears
Repayments
Payment is by monthly direct debit. Your first monthly repayment is due one month after the date the funds have been transferred to you. By spreading your loan over a longer term, your repayments may be lower, but the overall cost of the borrowing may be higher
Repayment Period
Loans are available over 12 to 60 months in 6 monthly intervals
Amount you can borrow
Loans are available from £1,000 to £25,000 in £100 intervals
Arrangement Fee
We won't charge you any arrangement fees
What happens if you miss a repayment
If you miss any three repayments during the term of your loan, we will issue a default notice. We will charge you £30 to cover our administration costs. If you find you can't make your repayments, please call us immediately. Our experienced advisors will be happy to help you reach a solution
Early Settlement
If you manage to settle the loan early, you will need to pay an early settlement fee. We work this out as one additional month's interest calculated on the outstanding balance.
Guide To Insurance
Read on to find out who’s eligible for Barclaycard personal loan payment protection insurance, what’s covered and how to make a claim.
Sections
- About our Insurance Services
- About personal loans from Barclaycard Payment Protection Insurance
- Policy Summary / Key Facts
- General Information
Key Facts
- Who's eligible?
- What is covered?
- What is not covered?
- What is the duration of this insurance?
- How much does this insurance cost?
- What happens if I want to cancel this cover or repay my loan early?
- How do I make a claim?
- How do I find out more or make a claim if I am dissatisfied?
- Compensation scheme
About our Insurance Services
In the following section 'we/us' refers to Barclays Bank PLC.
Name and address of the insurance intermediary
Barclays Bank PLC. Registered address:1 Churchill Place, London E14 5HP
Statutory Status
Barclays Bank PLC is authorised and regulated by the Financial Services Authority (FSA).
FSA register
Check our FSA registration by visiting their website www.fsa.gov.uk/register or calling them on 0845 6061234.
Whose products do we offer?
We can only offer Payment Protection Insurance products from Barclays Insurance (Dublin) Limited and Barclays Assurance (Dublin) Limited. Barclays Bank PLC has an indirect 100% shareholding in both companies.
Advice or information
If a member of our staff has discussed your requirements for Barclaycard Payment Protection with you and recommended this product, we will send you a specific Statement of Demands and Needs.
In all other cases no specific recommendation is made but (subject to the terms and conditions of the policy) this product meets the demands and needs of those who wish to ensure that their payment protection needs are met.
FSA Client Money Rules
Barclays Bank PLC is an approved bank for the purposes of the Client Money Rules. Prior to transferring your Premium to the insurer, Barclays Bank PLC acts as a banker rather than a trustee in respect of any money held by it on your behalf in an account with Barclays Bank PLC.
As a result, Barclays Bank PLC will not hold money in accordance with the FSA Rules on Client Money. In particular, Barclays Bank PLC will not segregate your money from its own and Barclays Bank PLC shall not be liable to account to you for any profits made by its use as a banker of such funds.
Complaints
If you wish to register a complaint regarding the sales process, please either write to us at Complaints, 9th Floor, 1 Churchill Place, Canary Wharf, London, E14 5HP, or call us at 0800 151617 (to make sure we maintain a high quality service, we may monitor or record phone calls).
If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service, Customer Contact Division, South Quay Plaza, 183 Marsh Wall, London E14 9SR. Telephone: 0845 0801800.
If you raise a complaint, this will not affect your right to take legal proceedings.
Compensation Scheme
Barclays Bank PLC is covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the scheme if we cannot meet our obligations. Most insurance contracts are covered for 100% of the first £2,000 and 90% of the remainder of the claim. You can get more information about the compensation scheme arrangements by contacting the FSCS on 020 7892 7300. Visit their website at www.fscs.org.uk.
About personal loans from Barclaycard Payment Protection Insurance
Policy Summary: key facts
Introduction
This Policy Summary is designed to provide you with the key facts about your Payment Protection Insurance, which covers you for Life, Accident or Sickness, Involuntary Unemployment, Hospitalisation, Critical Illness and Permanent Total Disability. It does not contain the full terms and conditions of the policy, which can be found in the Policy Document.
The combined insurer is:
- Barclays Insurance (Dublin) Limited
- Barclays Assurance (Dublin) Limited
In this section we/us refers to the combined insurer.
Who is eligible?
Any of our customers who are aged between 18 and 70 at the start date and who are resident in the UK can take out cover on a Barclaycard Personal Loan.
What’s covered?
| Qualifying conditions | Benefit payable & Limit | |
|---|---|---|
| Involuntary Unemployment | Continuously unemployed for 14 days or more. Must be working immediately prior to the claim. Must be available for and actively seeking employment. | 1/30th of your monthly repayment for each consecutive day that you are unemployed, payable from the first day of unemployment, subject to a maximum of £5,000 for any 30 day period and a maximum claim duration of 360 days |
| Accident or Sickness | Continuously disabled for 14 days or more. Under regular care and attendance of a doctor | 1/30th of your monthly repayment for each consecutive day that you are disabled, payable from the first day of disability, subject to a maximum of £5,000 for any 30 day period |
| Life cover | Death | Outstanding loan balance (excluding arrears), subject to a maximum of £50,000 |
| Critical Illness | Diagnosis of a heart attack, stroke, cancer or kidney failure by a consultant, coronary artery disease requiring surgery and major organ transplant | Outstanding loan balance (excluding arrears), subject to a maximum of £50,000 |
| Hospitalisation | Confined to hospital for more than 24 hours. Must not be working immediately prior to the claim | 1/30th of your monthly repayment for each consecutive day that you are confined to hospital, payable from the first day of hospitalisation, subject to a maximum of £5,000 for any 30 day period |
| Permanent Total Disability | Suffer accidental injury, which will prevent you from working for the rest of your life | Outstanding loan balance (excluding arrears), subject to a maximum of £50,000 |
What is not covered?
You are generally not covered for anything you already know about or that is caused by deliberate or illegal acts on your part.
Significant exclusions & limitations
Involuntary Unemployment
- Unemployment known about at the start or occurring within 60 days of the start of cover
- Where you have not been in continuous employment for 6 months at the date of unemployment or where employment is seasonal
- Normal expiry of fixed term contracts unless they are for a period of 24 months with the same employer (except where there was an understanding at the start of the contract that it would not be renewed), or 12 months, renewed at least once
Accident or Sickness or Hospitalisation or Permanent Total Disability
- Pre-existing medical conditions (i.e. any condition, injury, illness, disease or sickness for which you had symptoms, consulted a doctor, received treatment or received medication during the 12 months before the start date)
- Deliberate self – inflicted injuries (i.e. alcohol consumption or using drugs, unless they are prescribed by a doctor for purposes other than the treatment of drug addiction).
Life cover
- Suicide within 12 months of cover being taken out
Critical Illness
- Pre-existing medical conditions (i.e. any condition, injury, illness, disease or sickness for which you had symptoms, consulted a doctor, received treatment or medication during the 12 months before the start date)
- Certain non-terminal cancers and conditions
General
- During a repayment holiday we will only pay life and critical illness claims. Payments for claims relating to disability, involuntary unemployment and hospitalisation will only take effect once the repayment holiday is over.
- War, riot, civil commotion or any similar event.
Other exclusions and limitations
There are some general points you need to be aware of:
During a repayment holiday we will only pay life and critical illness claims. Payments for claims relating to disability, involuntary unemployment and hospitalisation will only take effect once the repayment holiday is over.
War, riot, civil commotion or any similar event are not covered.
What’s the duration of this insurance?
Unless you cancel this insurance or related lending agreement, cover will last for the repayment period of the loan or until we pay Life, Critical Illness or Permanent Total Disability Benefit. We recommend that you review and update your cover periodically to ensure it remains adequate.
How much does this insurance cost?
Your premium is calculated as a percentage of your loan, based on the term of your policy. You pay the premium as a one-off payment on the start date and this amount is added to your loan. We will provide you will full details of your premium and the related loan before you accept your agreement with Barclays Bank PLC. Insurance Premium Tax (IPT) will be included.
What happens if I want to cancel this cover or repay my loan early?
If, after taking out a Personal Loans from Barclaycard Protection Plan and reading the Policy Document, you do not want to continue with the insurance, please contact Barclaycard Customers Services by telephone on 0800 289 989* or alternatively, in writing to Barclaycard, P.O. Box 49, Liverpool, L69 7BB. The loan agreement will be cancelled and you will get a new loan agreement without the insurance.
If you do this within 30 days of receiving your Policy Document, we will cancel your insurance from the start date and refund all premiums paid. If you terminate your policy after 30 days of receiving your Policy Document we will refund part of your premium. However, the amount refunded will not be calculated on a pro-rata basis and will not be the same as the amount outstanding on the premium loan. Instead it will reflect the fact that more risk is incurred at the start of the loan.
An example of what you will receive is shown below.
| Proportion of Loan Term Expired | Percentage of Premium you’ll be refunded |
|---|---|
| One quarter | 56% |
| Half | 25% |
| Three quarters | 6% |
This information is provided as a guide and does not take into account any repayment holiday that may apply.
How do I make a claim?
If you need to make a claim, simply phone free on 0500 500 700* with your policy number and claim details.
How do I find out more or make a complaint if I am dissatisfied?
If you have any questions/complaints relating to your cover, please telephone us on 0500 500 700*. Alternatively write to us at the following address: The Customer Service Team, Barclays Insurance (Dublin) Limited, PO Box 586, Shannon, Co. Clare, Ireland.
If you cannot settle your complaint with us, you may refer it to the Financial Ombudsman Service, Customer Contact Division, South Quay Plaza, 183 Marsh Wall, London E14 9SR. Telephone: 0845 080 1800.
If you raise a complaint, it will not affect your right to take legal proceedings.
* To make sure we maintain a high-quality service, we may monitor or record phone calls.
Compensation Scheme
Barclays Insurance (Dublin) Limited and Barclays Assurance (Dublin) Limited are covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the scheme if we cannot meet our obligations. Most insurance contracts are covered for 100% of the first £2,000 and 90% of the remainder of the claim. You can get more information about the compensation scheme arrangements by contacting the FSCS on 020 7892 7300 or by visiting their website at www.fscs.org.uk.
General Information
Governing Law
If you buy insurance in the UK, you can choose which law will apply to your policy. Unless you and the insurer make a written agreement saying otherwise before the policy is issued, the law of England and Wales will apply to this insurance.
Unless otherwise agreed the contractual terms of this policy, all prior information and all communications will be in English.
Your Insurer
This Insurance is underwritten by Barclays Insurance (Dublin) Limited and Barclays Assurance (Dublin) Limited, Registered Office, Two Park Place, Hatch Street, Dublin 2, Ireland. Registered in Ireland with Numbers 265959/60. Both are regulated by the Financial Regulator (FR) and are subsidiaries of Barclays Bank PLC, which is authorised and regulated by the Financial Services Authority (FSA).
Call charges info for calls from landlines within the UK
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