Do you find your car breaking down every so often? Are you scared for your vehicle to stop in the middle of the road in the dead of winter? If you are, taking out a Barclays Online Car Loan might just work in your favour.
A Barclays Online Car Loan may be able to make your life a bit easier. Aside from giving you access to funds that can help you purchase your new wheels, this loan also provides flexible payment terms. With this loan in your arsenal, you can take your vehicle of choice out for a test drive sooner than you think.
Before deciding to apply for this loan, it is important to understand the benefits and conditions that come along with it. This article will help explain those features to you. Plus, if you decide you would like to apply for the Barclays Online Car Loan, we will also tell you how you can apply. Continue reading to find out all of this and more.
Barclays Online Car Loan: An Overview
Barclays prides itself on giving you a car loan that takes your background and financial circumstances into consideration. For one, Barclays gives you an upfront personalised price quote. The best of all, this personalised quote has absolutely no impact on your credit score. Through this initiative, you can get a provisional loan limit prior to application.
Another inviting feature of the Barclays Online Car Loan is its fast and easy application. Once your application is approved, you can receive your money right away. After all, the money is typically transferred to your current account upon loan approval. Through this feature, you will not have to worry about large delays in accessing your funds.
While this car loan has fixed monthly repayment options, you have the power to choose your payment term depending on your loan amount. You also have the option to repay your loan early, in part, or its full amount any time you wish. Just bear in mind that you will be charged minimal interest if you choose this path.
Last but definitely not least, you can top-up your loan should you need more funds. Taking out a second loan is also a probable option under this offering. Barclays is there to help you if you decide your initial loan is not sufficient enough to meet your needs.
Applying for a Barclays Online Car Loan
Ordering Barclays Online Car Loan can be done through Barclays’ website. To be eligible, you must be over the age of 18 and be a resident of the United Kingdom. In addition, you must also hold a Barclays current account to apply. If you do not yet have a Barclays current account but would still like to apply for this loan, you will first need to open an account. After having an account open for at least a few months few you can qualify.
Documents and information that might be asked include your personal information, financial and employment details, and the like. Once your application is approved, you can take out an amount of up to £15,000.
Barclays Online Car Loan Fees and Charges
The Barclays Online Car Loan has a representative APR of 5.5% for loans ranging from £7,500 to £15,000. The maximum APR is 29.9%. The APR given to you will greatly depend on your credit standing and your financial history.
One point you should consider is being charged with a minimal fee if you choose to repay your loan early. The fee is equal to 30 days’ interest on the amount you are going to repay. Other charges include the interest that’s due on your plan.
Get in Touch with Barclays
If you would like to talk with Barclays directly about this car loan, you can contact them via phone at 0800 716 5982 or visit their website to video chat with a lending specialist. In addition, you can also visit their head office at 1 Churchill Place, London, ENG E14 5HP.
If you have been looking for a new vehicle to drive, the Barclays Online Car Loan is certainly a good plan to consider. If you would like, you can apply now and experience these benefits today!
Note: There are risks involved when applying for a loan. Consult the lender’s terms and conditions page for more information.