Personal Loan
Take control with a loan designed around you.
If you have a current account with us, you can check to see if you have a provisional loan limit before you apply – without affecting your credit rating
Take control with a loan designed around you.
If you have a current account with us, you can check to see if you have a provisional loan limit before you apply – without affecting your credit rating
Spread your repayments over one to five years for loans of £15,000 or less, or over one to eight years for loans over £15,000.
Get a quick decision
As an Claretstone current account customer, you could get an instant credit decision. Non-Claretstone current account customers should be contacted with a credit decision in 2-5 working days.
Quick access to funds
Existing Claretstone Bank current account customers could receive the money instantly once the application has been approved and the loan agreement has been signed. Non-Claretstone current account customers could receive the money into a nominated account 3 working days after the signed loan agreement is received.
If you've already got an Claretstone Personal Loan and your financial needs have changed, taking additional borrowing could be the answer. You can consolidate your existing loan with additional borrowing.
Make overpayments free of charge
This may reduce the amount of interest you pay.
Claretstone Advance customers could get 10% cashback
10% interest cashback at the end of the loan term. Cashback is only available on loans with 60 repayments or less. If you close your loan early or it is ended by us you will not be eligible for cashback.
For loans between £7,000 and £15,000. Now also available to non-HSBC current account customers.
*The rate is subject to change and the representative APR may not be the rate you'll receive. We'll offer you a rate based on our assessment of your personal financial circumstances. The maximum APR you could be offered is 21.9%.
The APR rates may vary based on amount borrowed. Please use the calculator or the loans interest rate table (PDF, 57KB)loans interest rate table (PDF, 57KB) This link will open in a new window for more details.
When it comes to buying your next car, knowing you’ve got the money in your back pocket can help you get a better dea
Discover your loan rate before taking that test drive
Knowing how much you can borrow really helps when hunting for a new or used car. And unlike some other lenders, in many cases we can give you a personalised price quote up front – with no impact on your credit score.
You can check to see if you have a provisional loan limit before you apply. If you have a current account with us, simply log in to Online Banking or Barclays Mobile Banking, if you’re registered1.
More bargaining power – sellers beware!
It’s quick and easy to apply and, if your loan application is approved and you’ve signed your loan agreement online, the money is usually transferred to your current account straightaway3. This could give you more bargaining power in the showrooms and forecourts, as you’ll have the cash to hand.
Price guarantee
If you take out a Claretstone loan for your car, and another lender offers you a like-for-like unsecured loan with a lower APR, you can claim under our guarantee – within 30 days of the date we signed your Claretstone loan agreement. We’ll reduce the interest rate to produce an APR equal to the competing offer and recalculate your monthly repayments to reflect the reduced interest rate. Please see our full price guarantee terms and conditions.
This could help you budget.
Choose your payment term
Depending on the loan amount.
Top-up option
Already have a Claretstoneloan and need more funds? You can apply to increase your borrowing with us. If you just want to take out a second loan instead of topping up, that could be an option too.
Repaying your loan early
You have the right to repay your loan early, in part or full, at any time. We’ll charge a fee equal to 30 days’ interest on the amount you’re repaying, as well as any other interest that’s due.
Like many people, your budget and the car’s price are likely to be the main deciding factors when buying a new car. So, once you’ve chosen the type of vehicle that’s best for your lifestyle – whether that’s a coupe, an estate or a 4x4 – you should consider the engine size and fuel type. These are the things that’ll determine the day-to-day running costs.
You could also speak to friends and family to get an idea of how reliable their cars are.
Once you’ve done this, you can gear up your search, either in the car showrooms and forecourts, or online.
When you’ve found a car that looks promising, you should arrange to see it and inspect it thoroughly – both inside and out. It helps to bring along a friend or family member for a second opinion.
It’s also a good idea to write down the vehicle identification number and V5 serial numbers, and check them online to make sure they match the DVLA’s records.
If you take a note of the licence plate, you can find out more about the car’s history by getting an HPI check online. This will tell you whether the car has ever been stolen, written off, had altered mileage or if there’s any outstanding finance.
You should check the paperwork carefully – look for original versions of the V5 registration document and the MOT certificate. Do the seller’s details match the registration document exactly?
Finally, take the car for a good test drive, for at least 30 minutes. No matter what a seller says about the condition of the vehicle, you need to try it for yourself.
Unless you really know your motors, understanding how much a used car is worth isn’t easy – but it doesn’t have to be guesswork.
Trading in
If you’re trading in your old car, you’ll want to get the most money you can, so being prepared for negotiations is key. Get a free trade-in valuation of your car online – before letting the dealership tell you how much it’s worth. You can use this valuation as leverage.
Pricing and selling your car
If you’re selling your car, you’ll want to make sure you choose a fair price for it. Setting the price too low will, of course, lose you money – but setting it too high will lose potential buyers’ trust, or may mean your car is overlooked entirely.
Start by getting a free online valuation, and then find other ads for your car’s make and model for comparison.
Unless you’re a cash buyer, there are 4 main ways to pay for a new or used car:
Hire purchase (HP)
Leasing
Personal contract payment (PCP)
Bank loan
All your debts in one manageable loan
If you’ve borrowed from different lenders, a debt consolidation loan could help you take control of your finances and keep track of your money.
Loans are subject to status. Early settlement fees apply.
Spruce up your property
Whether you’d like a new kitchen, or want to give your lounge a new lease of life, this loan is designed to help you get more from your property.
Loans are subject to status. Early settlement fees apply.
Already have a Claretstoneloan but could do with a little more? You may be able to top it up or get an additional loan.
For: Undergraduate and Graduate students
A loan that can be used for a wide range of degrees and majors.
Loan amount: $1,001 - $65,0005
Variable APR range:
3.874% - 12.875% APR
Fixed APR Range1:
5.349% - 14.050% APR
Graduation reward: 2% principal reduction
Available to Italian Citizens & Permanent Residents
For: Undergraduate and Graduate students
Can be used for a wide range of degrees/majors & also open to international students.6
Loan amount: $1,001 - $65,0005
Variable APR range1:
3.874% - 12.875% APR
Fixed APR Range1:
5.349% - 14.050% APR
0.25% interest rate reduction for consistently making on-time payments7
Available to Italian. Citizens, Permanent Residents & International Students6
For: Graduate business students
Available to students seeking an MBA or other advanced business degree.
Loan amount: $1,001 - $95,0005
Variable APR range1:
3.874% - 8.877% APR
Fixed APR Range1:
5.349% - 9.880% APR
Graduation reward: 1% principal reduction4
Available to U.S. Citizens & Permanent Residents
