Ways to borrow with us

Our guide on what to consider

There are lots of reasons you might need to borrow – and lots of ways to do it. Take a look at the options available and see if they could help you.

Choices, choices…

There are several ways to borrow money and which you choose ultimately depends on what you want to achieve. This guide will help you make the right choice. To get started, think

  • What do I need the money for?
  • How much do I need to borrow?
  • When do I need it?
  • How will I pay it back?

Here’s an overview of the main options you could consider. 

All lending is subject to application, financial circumstances and borrowing history. Terms and conditions apply to all. The amount we’ll lend you could be different to the amounts we’ve shown below. You must be 18 or over and resident in the UK to apply for lending with us.

Borrowing options

Suitable for

Large, one-off purchases, like buying a car, consolidating debts, or home improvements.

You could use a credit card for pretty much anything, including

  • Balance transfers
  • Money transfers
  • Everyday spending
  • Large purchases like holidays and home improvements

Some cards also have specific features, like

  • Cashback
  • Earning rewards
  • Large costs, like home improvements, or debt consolidation
  • You might be able to borrow over a longer period than with a personal loan


You won’t be able to use a loan for business purposes, investments (including buying stocks and shares), timeshares, purchasing property, gambling-related expenses, repaying county court judgments, or a purchase made by combining this loan with others.

You won’t be able to use it for business purposes, gaming-related transactions, like gambling, betting and buying lottery tickets, any illegal purposes, or certain types of transactions which we’ll tell you about from time to time.

You won’t be able to use it for business purposes, investments (including buying stocks and shares), timeshares, gambling or repaying gambling debt, repaying county court judgements, self-build properties, or to make your monthly mortgage repayments.


There are more restrictions on buy-to-let and commercial mortgages – speak with a mortgage adviser if you have anything other than a residential mortgage.

You can’t use an arranged overdraft for investments, like stocks and shares.

Amount you could borrow

£1,000 to £60,000

  • £50 to £15,000 (we’ll give you a limit that’s affordable to you)
  • If you apply for a Barclaycard, we’ll show you more information about how to get the most from your offer. The approval of your application and the terms we may offer you depend on your financial circumstances and borrowing history. The interest rates we offer you may differ from those shown on examples
  • If you make repayments on time, don’t miss any payments and don’t go over your credit limit, we may increase your limit later  
  • £5,000 to £2 million
  • Get up to 85% of your home’s value, or 80% if you’re consolidating debts


  • If you have a current account with us or a Barclaycard, check if you’re pre-selected to apply in the app or Online Banking.
  • See how much you might be able to borrow and your personal interest rate.

Use our eligibility checker to see if you’re likely to be accepted before you apply.

  • You’ll need to have a mortgage with us
  • You’ll need to apply for the borrowing and we’ll assess your application based on your financial circumstances and borrowing history
  • If you have a buy-to-let mortgage, you’ll need to have it for a minimum of six months before you can apply (there’s no minimum wait for residential mortgages)
  • You must be 21 or over to apply for any buy-to-let-related lending
  • You’ll need a current account with us
  • Use our eligibility checker to see if you’re likely to be accepted before you apply

If you already have this type of borrowing

If you already have a loan with us and need to borrow more, you can apply for a top-up or an additional loan.

Log in to your Barclays or Barclaycard app, or the Barclaycard website, to see if you have any offers.

  • You can borrow more, as long as you meet the eligibility and affordability criteria
  • For buy-to-let mortgages, there’s a minimum wait of six months from the last time you borrowed more (there’s no minimum wait for residential mortgages)

If you need more funds, you may be able to increase your arranged overdraft in the Barclays app, Online Banking (if you’re registered), over the phone or in a branch.

When you'll get it

Usually as soon as we approve your application.

  • If you have a current account with us and we can validate your income, you can get a Barclaycard as soon as we approve your application
  • Your card should arrive within 7 to 14 days

The application process is longer than for other types of borrowing, so it could take a month or so.

Straight away if we approve your application.


You’ll need to repay your loan in fixed monthly instalments by Direct Debit over an agreed period.

You can pay in a variety of ways, the easiest being by Direct Debit.

  • Pay off the full balance every month by the due date and you won’t get charged any interest on purchases (though interest is charged on cash withdrawals from the day you withdraw the money)
  • Pay less than the full amount and you’ll have interest added to the remaining balance the following month (though not during interest-free offer periods)
  • Pay the minimum amount, though it’ll take longer to pay off and you’ll pay more interest (except during an interest-free offer period)
  • It’ll be added onto your monthly mortgage payment
  • You might be able to pay it back sooner than the rest of your mortgage – ask us about paying over a different term
  • There’s no set term, so it’s a flexible way to borrow
  • Repay in your own time, but you’ll be charged interest whenever you use it, so you’ll need to consider this when thinking about how much you want to borrow

Things to consider

  • A loan application will show up on your credit report – check how likely you are to be accepted before you apply
  • If you miss a payment, it’ll affect your credit score, and we may charge you a late or missed payment fee
  • A credit card application will show up on your credit report – check how likely you are to be accepted before you apply
  • If you miss a payment, it’ll affect your credit score, and we may charge you a late or missed payment fee
  • We have a variety of credit cards with different features and offers
  • Interest rates vary and depend on your circumstances
  • 0% interest-free periods or 0% balance transfer offers are good short-term options, but be careful if you haven’t repaid the balance when the offer period runs out as you’ll be charged interest
  • Credit cards shouldn’t be used to fund long-term borrowing, so keep an eye on your spending and only borrow what you can afford to pay back
  • Additional mortgage borrowing is secured against your home, so your home is at risk if you don’t keep up repayments
  • While you might get a lower interest rate than with a personal loan, it could end up costing you more if you repay over a longer period
  • Make sure you know how much we’ll charge you for using your arranged overdraft
  • Arranged overdrafts should only be seen as a short-term solution. If you need to borrow for longer, or want a structured repayment plan, look at the other options

How to apply

  • The Barclays app1
  • Online Banking1
  • Telephone Banking
  • In a branch (it’s a good idea to book an appointment) 
  • Video call us from your mobile device or Barclays app – find out how
  • The Barclays app
  • Online Banking 
  • Telephone Banking
  • In a branch (it’s a good idea to book an appointment)
  • In a branch – make an appointment with one of our mortgage advisers
  • Call us on 0800 197 10812
  • Through an independent financial adviser
  • The Barclays app3
  • Online Banking3
  • Telephone Banking
  • In a branch (it’s a good idea to book an appointment) 

Learn more


General information about overdrafts

An overdraft limit is a borrowing facility which allows you to borrow money through your current account.

There are two types of overdraft – arranged and unarranged:

An arranged overdraft is a pre-agreed limit, which lets you spend more money than you have in your current account. It can be a safety net to cover short-term outgoings, like an unexpected bill. It is not suitable for longer-term borrowing. We charge you for every day of the month that you use your arranged overdraft where you go beyond any interest free limit you may have.

An unarranged overdraft is when you spend more money than you have in your current account and you have not agreed an arranged overdraft limit with us in advance or you have exceeded an existing arranged borrowing facility.

You can only make payments from your account if you have enough money in your account or through an arranged overdraft to cover them. Barclays will always attempt to return any transaction that could take your account into an unarranged overdraft position. Having enough money in your current account or having an arranged overdraft limit could help prevent payments such as priority bills from being returned unpaid. On very rare occasions we may be unable to return a payment (e.g. due to an offline transaction made on a flight) and the account may enter an unarranged overdraft. No additional charges will be applied in this situation.

Information regarding the conduct of your account may be sent to credit reference agencies. As with any debt or borrowing, this may affect your ability to get credit in the future.

Our Eligibility tool can show you the likelihood of getting an arranged overdraft and the overdraft calculator lets you see how much it could cost to use an overdraft. To use these tools and find out more about overdraft charges, please visit barclays.co.uk/youroverdraft

You can reduce or remove an agreed limit by visiting a branch or by calling us on 0345 734 5345*. Limits cannot be reduced to a position below any existing debit balance. Any debit balance must be paid off before a limit can be removed.

If we hold a valid mobile number for you, we’ll automatically enrol you to receive relevant alerts regarding borrowing and refused payments, to help you avoid charges. You can also choose to receive additional alerts, including Low Balance and Large Credit or Debit. Tailor your alerts to your personal needs online, by phone or in branch. To find out more, visit barclays.co.uk/alerts

*To maintain a quality service, we may monitor and record calls. Calls to 03 numbers use free plan minutes if available. Otherwise they cost the same as 01/02 prefix calls.