Personal loans are loans that a bank or other lender makes that are not secured against any asset such as your property. They’re also known as unsecured loans.
A loan is a financial contract in which one party – the lender – agrees to give another party – the borrower – a specific amount of money, to be paid back monthly over a set period of time.
There will also be interest payments at an agreed rate, and sometimes additional charges for the administration of the loan. The terms and conditions of a loan will vary from lender to lender, but will be specified in the contract.
The borrower must adhere to the repayment terms stated in the contract – especially repayment dates and interest rates.
If you are already struggling to pay your bills and repay our debts, you shouldn’t take on extra debt such as a personal loan.
If you have a personal loan with the Barclays Bank and are struggling with the payments click to contact us or submit your details in the contact form to the right of your screen for instant debt advice.
Contact our Debt Specialist team today for confidential advice. We may be able help you by arranging a reduced repayment plan on your behalf and dealing with your debts for you.
As part of our Debt Directory we have listed most of the Loan Companies, Personal Loan and Finance Companies that operate within the UK, providing you with up to date information on each company and details can be found here Personal Loan and Finance Company Debt Directory.
Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702).
Barclays Bank PLC adheres to The Standards of Lending Practice which is monitored and enforced by The Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk.
Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 312078).
Barclays Bank PLC. Registered in England. Registered no. 1026167.
Barclays Insurance Services Company Limited.
Registered in England. Registered no. 973765. Registered office for both: 1 Churchill Place, London E14 5HP. ‘The Woolwich’ and ‘Woolwich’ are trademarks and trading names of Barclays Bank PLC.
Barclays Business is a trading name of Barclays Bank PLC.
Telephone 0345 734 5345
Subsidiaries – Barclays Africa Group · Barclays Investment Bank · Barclaycard · The Woolwich · Barclays Bank plc · Barclays Financial Corporation · Barclays Europe GRCB · Barclays Bank