Barclays Bank Personal Loan Review
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4 Comments
Barclays bank is a UK based bank operating in India through its Indian subsidiary. It is present in the consumer as well as commercial finance sector.
Loan amount
The maximum loan amount is upto 17 lacs. This is among the higher upper limits in the market.
Interest rate
The interest rate varies from 16% to 28% depending on the borrower profile and the loan amount. It is a fixed type of interest rate. These rates are among the highest in the personal loan market.
Charges
The processing fees are 2.5% of the loan amount. This is slightly higher than the market average. The prepayment charges are 5% of the outstanding amount. These are quite high and are a deterrent for people looking to repay their loans ahead of schedule.
Tenure
The tenure ranges from 1 year to 7 years. This is higher than what most banks offer in the market.
Ratings
Reputation: 3/5
Loan amount: 4/5
Interest rate: 2/5
Charges: 2/5
Tenure: 3.5/5
Overall: 3/5
Published on August 6, 2010 · Filed under: Barclays Bank Personal Loan;
4 Responses to “Barclays Bank Personal Loan Review”
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rubby dsouza said on July 15th, 2011 at 12:45 pm
I want 5 -6 lac amount.
If u giving personal loan than call me on 981929xxxx between 5-7.30pm.
thank you,
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Nayan said on August 9th, 2011 at 6:25 am
require for 4 lacs of loan. Contact me on mail. Will revert you.
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hrudayanandswain said on October 15th, 2011 at 11:18 am
i requir 2lakh loan. contact me on mail
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Navdeep Singh said on April 3rd, 2012 at 5:01 pm
I req the personal lone of 1 lac.
Plz contact me on mail.
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