The FINANCIAL — Barclays has launched its lowest personal loan rate of 6.9 per cent APR, giving existing customers the best rate on the market for loans between £15,001 and £25,000*.
In addition, all Barclays personal loans now come with a refreshed Price Guarantee, matching the monthly difference and giving customers a one-off £50 payment if they find a similar loan cheaper elsewhere.
Qualifying** Barclays current account customers will be rewarded with the new 6.9 per cent APR for any Barclayloan Plus loans between £10,000 and £25,000 and offered flexible repayment periods of between two and five years. All customers approved for the loan get a two month break before any payments are due and can budget with confidence as the interest rate is fixed even if base rate changes.
The Price Guarantee is available for all customers offered a Barclays personal loan who find a similar loan cheaper elsewhere within 30 days. They will have the monthly difference credited to their account and receive a one-off £50 payment. Barclays is the only high street bank offering its customers this loan Price Guarantee.
Barclays Head of Consumer Lending, Chris Keane said: “Our new 6.9 per cent rate is one of the most competitive loans available in the market for qualifying customers. Any customer approved for a cheaper loan elsewhere will be better off coming to us to take advantage of the improved Price Guarantee.
“We continually strive to reward our existing customers by giving them the most competitive rates on our products. This is why the Barclays loyalty scheme has been extended even further on personal loans today.”