Review Of Barclays Personal Loans For 2023

Barclays used to offer fee-free personal loans ranging from $5,000 to $35,000 to qualified borrowers who applied online. Although loan terms were not specified, the APR range of 4.99 percent to 20% made it an appealing option for people with good to excellent credit. Borrowers also had the option of changing their payment dates without incurring penalties. Personal loans have not been discontinued by the lender, and applications are only available to those who have been invited to apply.

Loan alternatives to Barclays

Although Barclays no longer provides personal loans to many borrowers, other funding options may be suitable.


LightStream is an excellent choice if you have good credit and want a personal loan with a competitive interest rate – between 7.99 percent and 23.99 percent (with AutoPay) minus fees. Furthermore, if you find a lower rate on a comparable loan product elsewhere, the lender will match it by.10 percentage point. If you are approved for a loan, you could have funds as soon as the next business day. Loan amounts range from $5,000 to $100,000, with repayment terms ranging from 24 to 84 months, and there are no origination, late, or early repayment fees. Keep in mind that the loan proceeds must be used for the purpose specified in the application.


Personal loans are commonly used by individuals to refinance high-interest debt, home renovations, and other major purchases. If your credit score is at least 560, you may be eligible for funding ranging from $1,000 to $50,000 with repayment terms ranging from 24 to 84 months. You’ll also be able to select a payment date that works with your budget. Although your borrowing costs will be higher if your credit score is low, the starting APR is 7.96 percent, making the Upgrade personal loan a viable option if you have good or excellent credit. All personal loans have an origination fee ranging from 1.85 to 8.99 percent. However, if you take out a small loan, this fee may not significantly increase your borrowing costs. Another advantage is the ability to borrow only $1,000, which is not available with the other options.

The TD Bank

Another lender with a competitive starting interest rate in the personal loan market is TD Bank. You can borrow between $2,000 and $50,000, with a starting APR of 6.99 percent. The Fit Loan solution from TD Bank has an interest rate cap of 21.99 percent and a repayment period of 36 to 60 months. When you take out a loan with TD bank, you won’t be charged any fees, and funds are typically available as soon as one business day. Furthermore, you can check your rate without affecting your credit score, and you don’t have to have perfect credit to qualify for funding.

How to Get a Barclays Invitation

Barclays does not provide instructions on how to request a personal loan invitation. It does, however, encourage consumers to check the website on a regular basis for an announcement about the general availability of personal loan applications.

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