Price Guarantee offer

full terms and conditions

The Price Guarantee offer (“the Offer”) means that if you find a better deal we’ll pay you the difference between the comparative loan repayments and your new loan repayments plus £1 each month. These payments are subject to you qualifying for the Offer and a loan being opened.

The Offer is only open to individuals who successfully apply for (and are offered) a Barclayloan or Barclayloan Plus of between £1,000 to £25,000 over 1 to 10 years ("The Loan").

You must claim under the Offer before (a) 14 days after you have opened your Loan or (b) 30 days after your loan has been approved.

You must apply in writing to claim the Offer using the claim form we provide and you must provide Barclays with a written offer of the better deal in the same name as the loan offered by Barclays. Generally a photocopy of the loan agreement will suffice but we may ask you to provide the original agreement. If you provide an original document, we will return this to you within 3 weeks of assessing your claim. Photocopies will not be returned and will be securely destroyed by us. Barclays will verify the validity of your claim within 5 business days of receiving your request and notify you of the result.

• A “better deal” means cheaper monthly costs of an alternative unsecured, fixed rate loan from a UK lender (excluding the companies within the Barclays Group), compared on a like-for-like basis. We will assess like-for-like based on features such as, but not limited to, length of loan, fixed loan amount, repayment structure (including interest, set up fees (if any). Better deal does not include early settlement fees or other charges that may occur during the term of the loan.
• The better deal must be available to the general public and be verifiable by Barclays. The better deal must have been offered no more than 2 months before the date in which your loan was approved and must still be available at the time of the claim.
• The Offer and the better deal do not apply to the following rate or loan types:
  • Loans that are not available for immediate draw down.
  • Discount rates offered only to members of groups or individuals who meet previously specified criteria.
  • Rates that are not immediately available, promotions that are not at everyday rates and products that are sold under different terms and conditions, such as special financing (i.e. dealer loans, promotional loans for specific goods).
  • Any personal loan products currently held within the Barclays Group (including, but not limited to, products provided by Woolwich or Barclaycard).
  • Any personal products being charged interest at a variable rate.
  • Any personal and non personal loan type products including but not limited to lease, contract hire, hire purchase or conditional sale agreements.
  • Loan agreements where interest has been temporarily or permanently suspended (including deferred payments and 0% loans for an initial period).
  • Loan agreements where the funds are to support periods of study, or the period immediately following completion of studies (for example, student loans or graduate loans).
• If your claim is successful and once the loan is open we will credit the same Barclays account you originally requested to make the loan repayments from unless you wish us to credit your Barclays savings account. If you do not have a Barclays savings or current account, we will credit your other bank’s account you originally requested to make the loan repayments from or on an exceptional basis only we may send a cheque. Payments will be on a month by month basis and will be the difference between the loan monthly payments and the better deal monthly payments plus £1. The payment will be made every month before your original loan monthly repayment date. If you change the account from which you originally requested your loan payments to be made from, you must advise us at: Price Guarantee offer, Barclays Bank plc, PO Box 362, Manchester, M60 3PN. 
• We reserve the right to cease payments under the Offer if you do not make the monthly repayments promptly when due as detailed in the loan agreement. Payments under the Offer will cease if you cancel the loan or terminate it before the loan has run its full term.
• Only one successful claim per person may be made under the Offer.
• This is a promotion commitment only and will not form part of the loan agreement with Barclays. Loans are subject to status.
• We reserve the right to modify or cancel the Offer at any time without prior notice from any one or more of our branches and sales channels.
• Our decision is final. Proof of posting is not proof of delivery.
• The Offer is not available to staff of the Barclays Group.

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