Barclays Personal Loan Alternatives

Barclays no longer accepts new personal loan applications. Compare a Barclays personal loan with other lenders.

Amrita JayakumarJune 24, 2020

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Barclays no longer offers unsecured personal loans. You can find a personal loan at other banks, credit unions and online lenders.

Personal loan alternatives to Barclays

Banks

The personal loan that Barclays used to offer was good for good-credit borrowers looking for debt consolidation loans. Discover, Wells Fargo and Marcus are other large banks that offer debt consolidation loans.

Here's what a typical bank loan looks like:

  • Good- to excellent-credit borrowers preferred.

  • APR range: 5% to 29%.

  • Loan amounts: $1,000 to $100,000.

Online lenders

Online lenders cater to different types of borrowers, including those with good, fair and bad credit, borrowers planning a home improvement project, and those who need their funds quickly. They also let you pre-qualify to see what rates you can get. Comparing your offers can help you get the best rate and find the loan with the best features.

Here's what a typical online loan looks like:

  • Credit scores from bad to excellent accepted.

  • APR range: 6% to 36%.

  • Loan amounts: $1,000 to $100,000.

Compare personal loans

Here are three lenders to consider as alternatives to Barclays. NerdWallet recommends pre-qualifying with multiple lenders to compare rates.

SoFi
Marcus by Goldman Sachs
Lightstream
Est. APR

5.99 - 16.19%

Est. APR

6.99 - 19.99%

Est. APR

5.49 - 20.49%

Loan Term

2 to 7 years

Loan Term

3 to 6 years

Loan Term

2 to 7 years

Loan Amount

$5,000 - $100,000

Loan Amount

$3,500 - $40,000

Loan Amount

$5,000 - $100,000

Min. Credit Score

680

Min. Credit Score

690

Min. Credit Score

660

Credit unions

Credit union personal loans typically have lower rates and don't require good credit profiles to qualify. Your credit union should be your first stop for borrowing money, especially if you have less-than-stellar credit. PenFed offers as little as $500 in a personal loan and does not require membership. Navy Federal members can choose a repayment term of up to 15 years on a home improvement loan.

Here's what a typical credit union loan looks like:

  • Credit scores from bad to excellent accepted.

  • Average APR: 9.47% on a three-year loan.

  • Loan amounts: $500 to $50,000.

Other Barclays offerings

Barclays offers other products, including:

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