Barclays Bank UK offers personal loans between £1000 and the maximum amount is £25000. Repayment period from 1 to 5 years. And loan attracts a fixed interest rate of 4.9%.
Barclays Bank £25,000 Unsecured Loans
Barclays Bank UK offers unsecured personal loans of up to £25,000. This is an ideal person seeking to finance the expansion of their business, invest or even boost their working capital.
The personal loan offer comes with an option of a 6 months repayment grace period from the time loan award. However, there are several requirements that should be fulfilled to be awarded the loan.
-The customers trading accounts, business plan and profit and loss accounts are required to gauge the viability of the business one is planning to venture in.
-The customer is required to make clear how they plan to use the loan to gauge whether security is required.
-One must be not less than 18 years of age and have UK residency.
-One must have a current or savings account with Barclays Bank.
Barclays loan application process
The application can be online and it is easy and quick. The customer gets a personal price quote without any credit footprint. Approval takes not more than 48 hours and the loan is approved after a careful examination of the information provided.
There is also a price guarantee. This means that if the customer happens to get a loan offer with another lender at a price lower than that of Barclays Bank after signing the loan agreement, the bank will revise the price of the loan and reduce it to the rate of the new offer.
Minimum and Maximum Amounts and Interest Rates
The minimum amount of unsecured Barclays loan that Barclays Bank UK offers is £1000 and the maximum amount is £25000. This loan attracts a fixed interest rate of 4.9%. The customer gets to spread their repayment period from 1 to 5 years. This is a great incentive for people seeking to invest in a venture with a lot of uncertainties.
The monthly premiums and the total payable amount depend on the repayment period chosen by the customer. A short repayment duration attracts bigger monthly premiums but a less total payable amount. The Barclays Bank loans are flexible enough to meet various demands by different people.