Woolwich Loan

Compare Woolwich loans

If you’re thinking about borrowing money you might be wondering what a Woolwich loan can offer. Woolwich is a trading name of Barclays, for this reason a Woolwich loan is a Barclays loan. Before you decide you can use the comparison tables below to compare different loans from various lenders.

ProviderLoan AmountCredit HistoryRates FromTerm 
£1,000 to £25,000Good Credit Only3.2%

APR
Representative

(£7,500 - £25,000)

1 year to 7 yearsGet Quotes >
  • No arrangement fees or hidden charges
  • Instant online decision
  • Funds transferred within 2 working days
  • No penalty for overpayments
  • You must be aged between 21 and 70 
  • You must have been a permanent UK resident for 3 years 
  • You must have an annual income of at least £12,000 and have a UK bank or building society account
  • You need to make payments on time or you will be charged a late payment fee. Missing payments could have severe consequences on obtaining future credit
  • Post Office Personal Loans are provided by Bank of Ireland (UK). Post Office Limited is a credit broker and not a lender

Representative Example:  The Representative APR is 3.2%. Based on a loan amount of £10,000 over 60 months at an interest rate of 3.2% p.a. (fixed). Monthly repayment of £180.37. Total amount repayable £10,822.20.

£2,500 to £15,000Good Credit Only3.4%

APR
Representative

(£7,500-£15,000)

2 years to 5 yearsGet Quotes >
  • 10 minute online quote, instant decision
  • Money can be with you within 48 hours
  • No arrangement, over payment or early repayment fees
  • Must be aged 21 or over
  • UK Resident with a UK bank account

Representative Example:  The Representative APR is 3.4%, so if you borrow £7,500 over 3 years at a rate of 3.40% p.a. (fixed), you will repay £219.27 for 36 months and £7,893.72 in total.

£1,000 to £20,000Good Credit Only3.44%

APR
Representative

(£7,500-£15,000)

1 to 5 YearsGet Quotes >
  • Fixed Interest Loan Rate
  • Instant Online Decision
  • Must be aged 21
  • No CCJs or IVA in the last 6 years
  • Permanently resident in England, Wales, Scotland or Northern Ireland

Representative Example: The Representative APR is 3.4%. Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 3.4% p.a. (fixed). Monthly repayment £181.41 & total repayable £10,884.60.

£1,000 to £25,000All Credit Histories Considered14.9%

APR
Representative

1 to 5 YearsGet Quotes >

Representative example: The Representative APR is 14.9% (variable).The Representative APR is If you borrow £90,000 over 4 years at a representative 14.9% APR and an annual interest rate of 14.9% (fixed) you would pay £245.80 per month. Total charge for credit will be £2,798.51. Total amount repayable is £11,789.51.

Barclays Bank Loan Features

  • Borrow between £1,000 and £50,000
  • Borrow over a term of 24 to 60 months
  • Borrow at the same rates regardless of whether you’re planning on using the loan for a car, home improvements, or something else entirely
  • Manage your budget easily with fixed monthly loan repayments
  • Get an instant online indication of the loan limit you might be offered, without affecting your credit rating, using Barclays Online Banking
  • Rated 5 stars by Defaqto 2014

 

Barclayloan eligibility criteria include:

  • Have held a Barclays current account for at least seven months
  • Have paid at least £1,000 into the account each month
  • Have a good credit history
  • Not be intending to use the money for investment, property purchase or a number of other reasons as set down in their terms and conditions

 

Loan Calculator

 

If you’re interested in taking out a loan with Barclays, you may wish to use the Barclays loan calculator to get an indication of what a loan from them might cost you. You just need to enter into the Barclays loan calculator how much you want to borrow and your desired length for the repayment period, the calculator can then generate for you an estimate based on their Representative APR for a loan of that size. Remember however if you go ahead and apply for a loan the lender may offer you an alternate APR once they have assessed your credit score and other financial circumstances. If this happens you’re repayments and overall loan cost will be different.


Things to consider

 

Before you apply for any type of loan, and for whatever reason, you should shop around to try and find the most appropriate choice for your specific needs. Woolwich loans or Barclays loans are just one option of many. Think about what loan features are most important to you; you can use the comparison tables above to look at loans from different providers.

 

As well as shopping around to try and find the best choice for you, you may wish to think about alternatives to borrowing. For example if you already have the required funds in your savings it may be better to use these instead. This is because the interest you earn on your savings may be less than the interest you would be charged for a loan of the same amount.

 

Also if you have been thinking about taking out a loan to consolidate existing debt remember that spreading your payments over a longer term means you may ultimately be paying more overall than with your existing arrangements, even if the interest rate on this new loan is less than the rates you have at the moment.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.