Barclays Barclayloan Plus (Existing Customers Only) Features & Benefits
| Feature / Benefit | Summary | Details | Rating out of 5 | ||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Credit Rating | very good | Most suited to individuals who have a substantial income and a credit history free from credit defaults, arrears, CCJs or missed payments. | |||
| Guarantor Required | no | no | |||
| Existing Customers Only | yes | Only available to Barclays Customers who have held a current account with Barclays for more than 12 months, paid £1000 or more into your account...expand | |||
| Minimum Age | 18 years | The minimum age is 18 years. | |||
| Minimum Income | £0 | Minimum income of £0 pa required. | |||
| Rates: | |||||
| Headline Rate APR | 10.9% | 10.9 | |||
| Suitability: | |||||
| Loan Type | Unsecured | Unsecured | |||
| Minimum Loan | £5,000 | The minimum advance is £5000. | |||
| Maximum Loan | £25,000 | The maximum advance is £25000. | |||
| Minimum Loan Term | 2 years | The minimum loan term is 24 months. | |||
| Maximum Loan Term | 5 years | The maximum loan term is 60months. | |||
| Online Decision | no | Customers applying via Barclays online banking may receive an immediate decision. | |||
| Joint Application | no | A joint application is not acceptable. | |||
| Debt Consolidation | yes | The Barclayloan can be used to consolidate existing debts. | |||
| Fee & Charges: | |||||
| Early Repayment Charge | 1 month | The early redemption charge is equivalent of 1 month interest. | |||
| Facilities: | |||||
| Deferred Start | 1 month | 1 months | |||
| Express Delivery | yes | Customers successfully applying in Barclays branches can receive cleared funds immediately. Customers applying via Barclays online banking have the ability...expand | |||
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