The high street bank, which is renowned for offering financial services such as personal loans and for intruding the first credit card to the UK, claims that its new rates are among the "most competitive" available.
All of the personal loans, which come to the consumer branded as a Barclayloan product, have received a 0.6 per cent rate cut, making the typical APR 6.8 per cent. This is a fall from 7.4 per cent.
And Gary Duggan, managing director for Barclays Personal Loans, claims that the deposit taking side of the bank's business has left its finances in a healthy state and it is subsequently able to transfer such offers to its customer base.
He claimed that the bank is confident the deal is the best that can be found.
"If you take out a loan from Barclays and then find it cheaper elsewhere, we will pay the difference between the monthly repayments and then pay an additional £1 each month for your trouble," he added.
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