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 will certainly make your life easier. Aside from giving you access to funds which can help you purchase your new wheels, but this loan also provides flexible payment terms. With this in your arsenal, you can take your vehicle of choice out for a test drive sooner than you think. To know more about this loan, read on.
Barclays Online Car Loan Features and Benefits
Barclays prides itself in 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 can provide more leverage and bargain when you go to showrooms and forecourts.
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.
And last but definitely not the 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.
Applying for a Barclays Online Car Loan
Ordering Barclays Online Car Loan can be done through their 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.
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. A fee equal to 30 days’ interest on the amount you are going to repay. Other charges include the interest that’s due on your plan.
If you have been looking for a new vehicle to drive, the Barclays Online Car Loan is certainly a good plan to consider. Apply now and experience these benefits today!