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The information contained in this table summarises key product features and is not intended to replace any terms and conditions.
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Summary box: Key information for our Barclayloan from £1,000 to £25,000
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| APR |
Typical 21.9% APR
If successful, the interest rate you will pay is based on your personal circumstances and the amount you choose to borrow.
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| Interest rate ranges |
| Loan size range |
From % |
To % |
Representative APR |
| £1,000 - £2,500 |
17.9% |
26.9% |
22.9% |
| £2,600 - £4,900 |
16.9% |
25.9% |
21.9% |
| £5,000 - £7,000 |
16.9% |
25.4% |
19.9% |
| £7,100 - £7,400 |
16.4% |
24.4% |
24.4% |
| £7,500 - £9,000 |
15.9% |
23.9% |
17.9% |
| £9,100 - £10,000 |
15.4% |
23.9% |
17.4% |
| £10,100 - £12,000 |
14.4% |
23.9% |
17.4% |
| £12,100 - £15,000 |
14.9% |
23.4% |
16.9% |
| £15,100 - £20,000 |
13.4% |
22.9% |
16.9% |
| £20,100 - £25,000 |
13.4% |
23.9% |
14.4% |
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| Interest charging information |
Once agreed the interest rate is fixed 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 to your loan account. |
| Repayment information |
Payment is by monthly Direct Debit.
First monthly repayment is due one month after the date the loan has been opened. Once the loan has been opened you can ask us to change your monthly repayment date to better suit you. This will result in additional interest being payable. |
| Repayment period |
Loans are available between one and five years (12, 18, 24, 30, 36, 48 or 60 monthly repayments). Additionally for loans of £10,000 and above, terms up to 10 years may be available (72, 84, 96, 108 or 120 months). By spreading your loan over a longer term your repayments may be lower, but the overall cost of borrowing may be higher. |
| Amount of loan available |
Loans are available from £1,000 to £25,000 in multiples of £100. |
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Application/
arrangement
fee
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No application or arrangement fees. |
| Other fees |
Not applicable. |
| Default fees |
We will charge you for any costs or losses we incur as a result of you breaking your loan agreement. |
| Collection cost |
A collection cost recovery charge (currently £18) will be payable if you fail to make any monthly repayment on the due date. |
| Early settlement |
An early settlement fee of 30 days interest on the loan balance outstanding at the settlement date will be payable in addition to any other interest due. See in particular Interest Charging Information above. |
| Illustrative example |
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Loan amount
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Representative APR
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Term
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Monthly repayment
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Total payable
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£3,000
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21.9%
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36 months
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£111.62
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£4,018.32
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£5,000
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19.9%
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36 months
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£181.80
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£6,544.80
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£10,000
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17.4%
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60 months
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£244.65
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£14,679.00
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These examples are based on loans generally available from us. They may not be available in your particular circumstances. |
If you run into difficulties with your repayments, please call us immediately and we will be happy to help.
Important: About your typical Barclayloan repayment example. Loans are subject to status. 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. Barclays assesses a combination of factors before providing the typical Barclayloan repayment example illustrated above. Amongst these factors are your previous debt repayment history, your previous account history, and other personal details held on our records. We will review these factors again when you apply and may, in certain circumstances, offer a loan at a different APR from the Typical APR advertised. The APR rate you receive when you apply will also depend on the amount you wish to borrow.
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