Important disclosure

Barclays Car Loans Overview

Barclays logo

Barclays is a universal bank in the UK that began business in 1690. It offers a wide range of financial solutions for individuals, small businesses and big companies. For personal banking, they offer financing including credit cards, mortgages, personal loans and car loans.

Buying your first or next car is a major life commitment. You should be sure you can afford the car, and you have funds on hand. Car financing, such as a Barclays car loan, can close the gap. A little stumped about what the monthly payment might be? No worries: let the Barclays car loan calculator do the work for you.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

About Barclays car loans

As with any lender, Barclays car finance has its own loan terms and features. See if any of these fit your own payment preferences for your car purchase:

  • Amount from £1,000 up to £50,000
  • Term from 2 years to 10 years
  • Fixed APR (currently 7.9% for loans £7,500 to £15,000)
  • Loan quote with no mark on your credit score
  • Online application process that only takes minutes
  • Instant access to funds (in most cases)

For other details you may need on a Barclays Bank car loan, please click here.

How to apply

Before hitting that “Apply” button, do make sure that you are:

  • Over the age of 18
  • A permanent UK resident
  • Earning regularly through income or pensions
  • A Barclays current account holder, or Barclaycard account holder
  • Registered for Barclays online banking, or on the Barclays app

You can apply for your car loan on Barclays’ website or through the Barclays app.

 

Barclays car loan calculator

Loan Amount

£20,000

Term

60 months

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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

Barclays car loan FAQs

Will the quote on my Barclays car loan affect my credit score?

No, it won’t. For your reference only, the quote will show your chances at loan approval. There will only be an actual impact on your score once you formally apply. Barclays will perform a full credit check on your profile, which other lenders can see.

Will I know the rate Barclays will give me for my car loan?

Most applicants will get the current APR. However, it also depends on your loan amount, loan term, and personal circumstances. Barclays will never give an APR higher than 26.9%.

Can I top up on my Barclays car loan?

No problem! You can pay off your old loan and get a new one with excess money. Or, you can get a second new loan if you want your monthly payments separate.

Can I pay off my Barclays car loan early in part or in full?

Yes, you do have the option for this. Pay off as much as you like, when you can. But do note if you pay off in full, Barclays will charge 30 days’ interest.

Do Barclays charge late payment fees?

Yes, they do. This is why you should make sure you can repay your car loan monthly. Late or missed loan payments will have an impact on your credit score.

How can I contact Barclays about my car loan?

You can contact them through their website, through the Barclays app, or via phone.

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