Barclays and Big ripoff are synonymous (BarclayLoan)

Member Name: davey_26

Product:	BarclayLoan
Date:	15/09/09 (29 review reads)
Rating:

Advantages: Quick decision, courteous staff

Disadvantages: The APR offered was ridiclous

Before writing this review I would caution you to really think long and hard before making the decision to take out a loan. However as I had given this quite a bit of thought, I initially went down the route of going to my local bank to find out what they could offer me in terms of the loan amount and most importantly the APR.

Now the first thing I had done prior to setting out obtaining a loan was ensuring that my credit rating was in a good state. Having checked out my credit rating and being happy with the state of it, I then made an appointment to see a representative from Barclays.

The lady was polite and there were a few initial questions which they wanted to ask me prior to starting the application process. However before she was able to begin, I interjected and asked her if there was any way in which she could give me a rough estimate based upon my current circumstances. Luckily she was able to and after keying in my details turned the screen round to me, the estimate read around 20% APR. At this point I asked her how it could be so high and she simply said that this was the current market level which they could offer me.

I was quite stunned at this as my credit rating is unblemished so I thanked her but said I was definitely not interested in such a high rate of interest and would go elsewhere.
If you are looking for competitive rates, try elsewhere to.

Summary: Look elsewhere for a loan