Barclays Bank Reviews

Barclays provides diverse banking services with digital features, Premier Banking benefits, 24/7 UK support, and strong regulatory oversight for comprehensive financial solutions.

Here are the Trustpilot Reviews from Barclays Bank:

Here are the Reviews from Barclays Bank:

Excessive cost of renewal, but reduced upon discussion.

David S

Being able to do it online saves me time and the price was good.

Sam

Barclays have been my Bank of choice for over forty years and I find that their Services are first class.

Davan

The contractors that were used were very professional and extremely good at their jobs.

Dorset Steve

Very easy to renew our insurance - everything explained so I understood.

Harryfin1

Staff member was very easy to talk to and knew all the answers to questions so with her help the policy was bought.

SandyGirl

Explore Barclays Bank's Finance Solutions:

Barclays Business Loan (Unsecured)

£1,000 - £500,000

Barclays Business Loan (Secured)

£50,000 - £500,000+

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Explore Barclays Bank's Finance Solutions:

Loan Type:

Barclays Business Loan (Unsecured)

Loan Range:

£1,000 - £500,000

Loan Terms:

1 year - 10 years

Minimum Turnover and Trading Age:

Minimum 2 years trading history; Turnover threshold varies

Interest Rate / Factor Rate:

Typically 6.2% - 20.1% APR (Representative example: 8.5% APR for a £25k loan over 5 years)

Fees:

No arrangement fee; Early repayment charge: up to 28 days' interest on fixed-rate loans

Loan Type:

Barclays Business Loan (Secured)

Loan Range:

£50,000 - £500,000+

Loan Terms:

1 year - 20 years

Minimum Turnover and Trading Age:

Minimum 2-3 years trading history; Higher turnover thresholds

Interest Rate / Factor Rate:

Typically 4.5% - 12.0% APR (dependent on asset quality and LTV)

Fees:

No arrangement fee; Early repayment charge may apply for fixed-rate terms; Legal fees may apply for property security

Loan Type:

Barclays Business Credit Card

Loan Range:

£500 - £50,000 (credit limit)

Loan Terms:

Revolving credit (no fixed term; repayment monthly)

Minimum Turnover and Trading Age:

No specific turnover; must be an established business

Interest Rate / Factor Rate:

Typically 18.9% - 29.9% APR (variable)

Fees:

Annual fee: £0-£50 depending on card type; Cash advance fee: 3% of amount; Late payment fee: £12

Loan Type:

Barclays Asset Finance (Equipment Leasing & Hire Purchase)

Loan Range:

£5,000 - £5,000,000+

Loan Terms:

1 year - 7 years

Minimum Turnover and Trading Age:

Minimum 1-2 years trading history

Interest Rate / Factor Rate:

Typically 5.0% - 15.0% APR (dependent on equipment type and LTV)

Fees:

Arrangement fee: 0-1% of asset value; Early termination fee may apply; Option-to-purchase fee at end of lease

Loan Type:

Barclays Trade & Working Capital (Trade Finance & Invoice Discounting)

Loan Range:

£20,000 - £10,000,000+

Loan Terms:

Up to 12 months (revolving facility)

Minimum Turnover and Trading Age:

Minimum 2 years trading history; Minimum turnover £500k+

Interest Rate / Factor Rate:

Typically 6.0% - 18.0% APR (linked to base rate + margin)

Fees:

Facility fee: 0.5-2% of facility amount; Service fee: £100-£500/month; Early exit fee may apply

Loan Type:

Barclays Business Mortgage (Commercial Property)

Loan Range:

£25,000 - £5,000,000+

Loan Terms:

1 year - 25 years

Minimum Turnover and Trading Age:

Minimum 2 years trading history; Varies by property and use

Interest Rate / Factor Rate:

Typically 4.0% - 8.0% APR (fixed or variable rate)

Fees:

Arrangement fee: up to 1.5% of loan amount; Valuation fee: £500-£2,000; Legal fees: £500-£1,500; Early repayment charge: 1-5% of loan for fixed-rate terms

More About Barclays Bank

Founded in 1690, Barclays is a British multinational universal bank with a significant presence in UK business banking. It offers a comprehensive range of financial products including loans, credit lines, and asset finance to small, medium, and large enterprises. The bank is regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

Key features

Barclays provides a wide range of digital tools and physical support for business customers. Its online banking platform and mobile app enable real-time account management. Borrowers may also benefit from a dedicated relationship manager for accounts with turnover exceeding £500,000.

Integration with Xero, QuickBooks, and Sage for accounting synchronisation
Barclays Business Academy offers free educational resources and webinars
SmartBusiness Dashboard provides AI-driven predictive cash flow insights
24/7 support through phone, online chat, and branch network
Access to Barclays network of business partners and networking events
Fraud protection and security features including biometric login

Eligibility

Businesses may qualify for most products with a minimum trading history of 2 to 3 years. There is no fixed minimum annual turnover for basic products, though invoice finance requires turnover of £500,000 or more. The lender excludes sectors such as adult entertainment, gambling, cryptocurrency trading, high-risk investments, and illegal activities. Geographic coverage includes the United Kingdom, with international trade services also available.

Loan options

Barclays offers a broad range of business financing products, from unsecured loans and credit cards to secured lending, asset finance, and trade finance. Loan amounts, terms, and rates vary by product and are subject to eligibility criteria.

Barclays Business Credit Card: credit limit from £500 to £50,000; revolving credit; APR typically 18.9% to 29.9% (variable); annual fee £0 to £50; cash advance fee 3%
Barclays Business Loan (Unsecured): £1,000 to £500,000; terms 1 to 10 years; APR typically 6.2% to 20.1%; no arrangement fee; early repayment charge may apply on fixed-rate loans
Barclays Business Loan (Secured): £50,000 to £500,000+; terms 1 to 20 years; APR typically 4.5% to 12.0%; no arrangement fee; legal fees may apply for property security
Barclays Asset Finance (Equipment Leasing & Hire Purchase): £5,000 to £5,000,000+; terms 1 to 7 years; APR typically 5.0% to 15.0%; arrangement fee 0 to 1% of asset value
Barclays Business Mortgage (Commercial Property): £25,000 to £5,000,000+; terms 1 to 25 years; APR typically 4.0% to 8.0%; arrangement fee up to 1.5%; early repayment charge 1 to 5% on fixed-rate terms
Barclays Trade & Working Capital (Trade Finance & Invoice Discounting): £20,000 to £10,000,000+; up to 12 months revolving; APR typically 6.0% to 18.0%; facility fee 0.5 to 2%; service fee £100 to £500 per month

How to apply

The application can be started online via the Barclays website. For more complex products, applications can be made by telephone or in a branch. Decision times range from 24 hours for simple unsecured loans and credit cards to 1 to 3 weeks for secured products. Funding for unapproved loans typically takes 24 to 48 hours, while secured loans may take 1 to 2 weeks after valuation.

Submit company registration number, latest 2 to 3 years of accounts, and bank statements
Provide a business plan and proof of identity for directors
For secured products, include asset details and any required valuations

Funding Agent's view

Barclays is a comprehensive, full-service lender suitable for established UK SMEs seeking a wide range of business financing from a traditional bank. Its strengths lie in secured products, asset finance, and invoice discounting for businesses with strong track records. However, it is less suited to startups or businesses needing very quick, unsecured capital. Strict eligibility criteria, a time-consuming application process, and personal guarantee requirements for smaller loans are notable considerations. With extensive digital tools and physical branch support, Barclays may appeal to businesses prioritising reliability and a long-term banking relationship.