Since 1991 on the German market

Barclays was the first European bank to establish its own credit card in 1966. The so-called “Barclaycard” quickly spread in England. Already in the first year after its launch, more than 30,000 UK merchants accepted the new form of payment. In Germany, the Barclaycard with more than 1.4 million owners today is the third most widely used credit card. Throughout Europe, 12 million customers use a Barclaycard.

The history of Barclays, the British parent company of Barclaycard, goes back much further than the year 1966. The origins of the bank were the founding of a goldsmiths’ bank in 1690. Two Quakers originally founded the bank to keep jewelers and goldsmiths safe.

Today, Universal Bank Barclays is one of the largest banking houses in the world and employs more than 140,000 people in more than 50 countries worldwide. Nearly 50 million customers use credit, cash or credit cards from Barclays. Barclays is the market leader in the parent country of the Group.

In public, Barclays is known as a sponsor of the British Premier League. In addition, the Group also supports famous golf and tennis tournaments. The best-known example of Barclays’ activities as a sponsor is the Barclaycard Arena in Hamburg, a multifunctional hall for sporting events or events.

Since 1991 on the German market

In 1991, the Barclaycard Barclays Bank PLC branch in Hamburg started in retail and business banking. The focus is now on financing and payments with installment loans and credit cards. A special feature is the consumer credit launched in 2008, which can also be used by the self-employed. Today, more than 650 employees work at the Hamburg headquarters in Germany. The financial service provider does not operate its own branch network. Banking transactions are handled by Barclays customers either online or by telephone.

One of Barclaycard’s main objectives is to provide its clients with the most flexible means of financing possible. In this way, the service provider in Germany continues the corporate philosophy of the British parent company, which incidentally took the first ATM in the world in 1967 in London in operation.

Barclaycard credit

Barclaycard credit

Barclaycard Kredit is a sought-after product of the online financial services provider. Private customers or self-employed people can take out loans from just € 1,000 up to a maximum of € 35,000. Unlike many other banks, the term starts at 12 months.

loan amount 1,000 to 35,000 euros
running time 12 to 84 months
interest rate Credit-dependent interest
earmarking No
Good to know Toll-free special repayments possible, optional security package, 8 weeks right of revocation, telephone application possible, legitimation by videoident possible
requirements
  • Residence or habitual residence in Germany
  • Regular income
  • Valid current account for transfer of loan amount and collection of installments
  • For the self-employed, pensioners, employees, students, civil servants
  • Minimum age 18 years
  • No negative SCHUFA entry

The self-employed must prove their income on the basis of the income tax assessment of the past three years.

  1. credit calculation
    The Barclaycard is an online bank. Therefore, you must first determine your loan installment online for the application. To do this, select your desired loan amount and the term. A special feature of the loan calculator is the personal assessment of your credit rating. However, your choice does not affect the amount of interest payable. It merely serves as a preliminary estimate of the monthly rate.
  2. Apply by phone or online
    You can submit your loan application to Barclaycard either online or by telephone. The application will require personal details such as your address or date of birth, as well as your income and bank details.
  3. Personal offer
    Once the bank has checked your application, you will receive an individual offer by post with the required loan amount and interest adjusted to your credit rating. If you agree, sign the contract and return it to the financial services provider along with proof of income. You also need to use the Postident or the Videoident method for identification.
  4. paying out
    Once the bank has received all the necessary documents, the loan will be transferred to the account specified by you within a few working days.

You should know these things

The requirement of your loan remains non-binding until you have signed the contract. As a Barclaycard customer, the identification by postident or videoident is omitted.

Your cheapest online loan!

Your cheapest online loan!  

¹ 1.000 € net loan amount, 0.00% eff. Annual interest, 0.00% born. Debit interest pa, 12 months, total amount 1.000 €, mtl. Rate € 83.33, Fidor Bank AG, Sandstr. 33, 80335 Munich | Corresponds to the repr. Ex. Acc. §6a PAngV.

The FinanceScout24 Best Rate Guarantee

We always find the cheapest loan for you! We are convinced of that and therefore offer you our best interest guarantee.

The loan comparison on financescout24.de is an offer of FFG FINANZCHECK Finanzportale GmbH (hereinafter referred to as FINANZCHECK). Should you actually receive a lower effective annual interest rate from another installer via FINANZCHECK, FINANZCHECK will reimburse you the interest rate differential, but not more than EUR 750.

FINANCIAL CHECK Best interest guarantee conditions:

  • The offer of a competing contract must be binding and the details of the credit applicant / s as well as the contractually defined services (eg loan amount, term) must be identical to the one we have arranged and disbursed.
  • The competing contract offer must be from the same bank as the loan brokered and disbursed by us.
  • The competing offer was made no later than two weeks after the conclusion of the loan we brokered.
  • Dealer, manufacturer and special conditions as well as mortgage loans are excluded from the guarantee.
  • The best interest guarantee applies to loan amounts of € 1,000 – € 50,000 and a term of 12 – 84 months.
  • The loan brokered by us will not be revoked by you within the contractual withdrawal period.

 

If you have been offered a lower rate of interest outside of the FINANZCHECK credit comparison and the above conditions are met, then please send a bank statement showing the payment of the first monthly installment of the loan we have brokered together with a full copy of the competitive offer to the address below. Please note that the documents must be received by us no later than four weeks after the expiry of the revocation period (or if the first installment has not been debited to date, at the latest four weeks after deduction of the first installment) of the loan arranged by us. We will review your records and contact you as soon as possible. Please do not forget to include your bank details so that we can pay you the interest difference.

 FFG FINANZCHECK Financial Portals GmbH

The car loan of Barclaycard works like a conventional installment loan. In contrast to many other providers, the delivery of a car letter to the lender is no longer necessary.

loan amount 1,000 to 35,000 euros
running time 12 to 84 months
interest rate Credit-dependent interest
earmarking No
Good to know Free special repayments possible, no final installment or deposit required, simple legitimation, 8 weeks right of withdrawal
requirements
  • Residence or habitual residence in Germany
  • Regular income
  • Valid current account for transfer of loan amount and collection of installments
  • For the self-employed, pensioners, employees, students, civil servants
  • Minimum age 18 years
  • No negative Schufa entry

Credit card

Credit card

As the initiator of the first European credit card, Barclays specializes in the credit card business. The service provider offers his customers various options. Even students can apply for their own Barclaycard credit card.

account management Online banking and telephone banking
Account management fees No
Fees on withdrawal None for EUR withdrawals
annual fee None in the first year
repayment Flexible
card partner Visa; Mastercard, Maestro (optional or inclusive)
requirements
  • Minimum age 18 years
  • Bank account with a German bank
  • Residence or habitual residence in Germany

The additional options for the credit card selection of this provider consist inter alia in a foreign health insurance or the ability to use two different credit cards and other partner cards.

Basic version without annual fee

You do not have to pay any annual fees for the basic version of the Barclaycard.

More offers

Students can use the Barclaycard credit card for one year free of charge. The package includes two credit cards (Visa and Mastercard) as well as the option to repay card debts flexibly.

Another interesting offer is cooperative credit cards from Barclays. These are credit cards that are offered by this bank together with partners such as Germanwings or O2. As a customer, in addition to the standard functions of the card, you will receive additional offers and benefits from the partners, eg you can collect flight miles.

   

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How are the P2P Loans companies in Spain?

How are the P2P Loans companies in Spain?

Although it cost to start more than in other countries in Europe such as the United Kingdom, P2P loans have opened a gap in our country reaching reaching 61 million euros collected during 2016 , according to the latest report published by Universe Crowdfunding. This type of crowdfunding is currently the most successful in Spain. In fact, more than 50% of the 113 million euros raised in total by all types of crowdfunding platforms was thanks to P2P loans.

 

For people looking for financing is a “traditional” alternative

There are currently 22 crowdlending platforms approved by the National Securities Market Commission, of which half are crowdlending platforms . It is not surprising that this form of financing is so popular, since it offers an agile, simple way and without banks to obtain financing. However, its characteristics and conditions are often very similar to those offered by personal bank loans and the purposes for which we can also request them, so it is like requesting the same type of product, but with a simpler and more agile process. A clear example is the P2P loan from Younited Credit that even improves the general conditions of bank loans.

 

Lender Quantity. Cost characteristics I’m interested
P2P Loan YounitedCredit € 1,000
€ 40,000
From 5.18% TIN
7.07% APR
  • No linked products
  • Response in 48 hours
  • Opening commission 1%
  • Without changing bank
Apply for

As we see both the amount it offers, the interest (TIN and APR) and the terms are very similar to the offers of personal loans. The main difference is who gives us the loan. While in the bank loans is the same entity who gives us their money, P2P loans are private investors who decide if they want to contribute money in our project.

For investors, the way to obtain greater profitability

The basis of the operation of the P2P loans is that it is on several private investors who decide, according to the analysis of our profile carried out by the crowdlending companies , if they want to invest in our project and the amount for which they will do it. Thus, the contribution of several investors will allow us to obtain the total credit requested.

Investors will get in return the interest on the loan that we will pay . This investment is a new way to obtain profitability at a time when interest rates on products such as deposits are close to 0%. Although the investment in P2P loans is not guaranteed by any Guarantee Fund , the crowdlending platform analyzes each of the profiles of the people requesting financing so that each investor to choose those that involve lower risk if we are conservative investors or those with the highest risk in exchange for a higher return. Investing in P2P loans is becoming an alternative to diversify our portfolio and obtain higher profits than those obtained by other types of fixed-term investments.

 

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