Personal Loan

IBC banner

Interest Bearing Credit

Product overview

What is Interest Bearing Credit?

A personal loan on a fixed rate, over a fixed time that allows your customers to pay off their purchase in equal monthly payments.



Benefits for your customers

  • Your customers repay through equal monthly payments over a set amount of time
  • The loan isn’t secured against the product purchased
  • Interest is charged across the term of the finance
  • The interest rate, monthly payment and term are set at the point of sale
  • Customers can pay off the loan balance at any time but there may be an early settlement fee

Explaining IBC to your customers

Representative example

Item value (cash price) £1,200.00
Deposit £0.00
Total amount of credit £1,200.00
Duration of agreement 12 months
Representative APR 9.9% APR
Annual rate of interest 9.9% p.a.
12 monthly payments of £105.21
Total amount payable £1,262.52

Example is for illustrative purposes only

Who can apply?

To be eligible to apply for one of our finance products, your customers must be:
  • 18 years or over on the date of application
  • A permanent UK resident for a minimum of three years and either:
    • In regular, permanent employment working a minimum of 16 hours a week (including students)
    • Self-employed (they must provide proof of this e.g. bank statement)
    • Retired from regular employment (we may need to see proof of their pension or income)
    • Receiving invalidity, disability or mobility benefits or allowances
All applications are subject to application, financial circumstances and borrowing history.

Get in touch

To discuss your business requirements and how Barclays can support you, contact us today.

Interest free credit

A personal loan for your customers over a fixed time with equal monthly payments and absolutely no interest to pay.

Buy now pay later

Offer your customers the opportunity to enjoy their purchase before they start making monthly payments with a deferred first payment period.