Supporting our customers and clients impacted by coronavirus (COVID-19)

Between 1 May and 9 July 2020, if you use up to £750 of your arranged overdraft, we won’t charge any interest. If your arranged overdraft is less than £750, your current limit still applies.

If you use more than £750 of your arranged overdraft during this time, we’re waiving some of the interest to reduce the annual rate of interest (EAR) from 35% to 19.51%, with interest charges capped at £90 per month.

Customers might be eligible for a payment holiday of up to three months. Find out what you need to know before applying using our online form.

If your income has been affected by coronavirus then you may be eligible for a Barclaycard payment holiday. This means that you won’t need to make your usual payments for up to three months and your credit score won’t be affected.

If your income has been affected by the coronavirus outbreak, you can apply for a 3-month break from making your loan repayments.

We may be able to remove penalty charges for withdrawing your money early.

Find out more about further support available on finances, travel, and tips on staying safe from fraud.

We know it’s a difficult time for your business and we want to help. To relieve some of the financial pressure on smaller businesses, we’re giving you free everyday business banking and won’t charge interest on overdrafts between 13 March and 12 June 2020¹. This applies to all new and existing customers with an annual turnover of up to £250k. We’ll apply these changes for you – there’s no need for you to contact us.

This is available to UK businesses that have been negatively affected by coronavirus. You can apply for a loan between £2,000 and £50,000, subject to the eligibility criteria.

The loan term is six years, but you can pay back the loan sooner with no early repayment charge.

The UK government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.

Get the financial backing you need to help your business cope with coronavirus (COVID-19) through this UK government-backed scheme. It is there to provide eligible businesses with lending of up to £5 million and the government will cover the first 12 months of interest payments. We do not take personal guarantees on any CBILS loans.

We’ve launched a helpline for all our Business Banking customers impacted by the coronavirus outbreak.

Call 0800 197 1086² between 8am and 8pm Monday to Friday (except bank holidays).

As well as the Coronavirus Business Interruption Loan Scheme, the UK government have a number of other schemes and grants available to support small businesses negatively impacted by coronavirus, including:

• Businesses who employ staff can apply for the Coronavirus Job Retention Scheme and the statutory sick pay rebate
• Nursery businesses could get a business rates holiday for the 2020-21 tax year
• Retail, Hospitality and Leisure businesses could also get a business rates holiday, plus a cash grant of up to £25k per property
• Small businesses which occupy a property and receive small business rate relief, rural rate relief and tapered relief may be eligible for Small Business Grant Funding
• All business types may be eligible to defer VAT and tax payments
• Self-employed people can apply for a grant through the Self-employment Income Support Scheme, worth 80% of their profits up to a cap of £2,500 per month
• Use this business support finder to see what support is available for you and your business.

Find out more about further support available for your business.

This is available to support corporates who would normally seek market-based finance for their working capital. The facility stands ready to support unlimited financing to eligible companies.

Launched on 20th April with loans of up to £25 million available for businesses with a turnover between £45m and £250m. Loans of up to £50m are available for businesses with a turnover of over £250m. Backed by a UK government guarantee, CLBILs has no upper turnover limit.

A Coronavirus Job Retention Scheme whereby those who might otherwise have been laid off due to the Covid-19 outbreak can be kept on thanks to the Government reimbursing 80% of an employees’ wages up to a maximum of £2,500 per month.

A number of measures are now available to support international clients and customers. These include streamlined access to Barclays Trade Loan solution, enabling payments to your supplier base to be tailored to your trade cycle. We have also introduced a simplified process for requests to extend existing trade loan facilities and enabled bespoke solutions for submission of Trade related documentation, like guarantee applications, to support clients working from home.

• Business rates are to be suspended for all retail, hospitality and leisure businesses in England, for 12 months. This has been extended to also include nurseries
• VAT is deferred from 20 March 2020 to 30 June 2020
• Grants of £25,000 will be made available for smaller retail, hospitality and leisure businesses with a rateable value between £15,000 and £51,000
• Hospitality and leisure businesses that have been forced to close following government advice will be able to claim on their insurance where they have the appropriate cover for a pandemic
• Pubs and restaurants that do not already provide takeaways will be able to do so without submitting a planning application.
• Use this business support finder to see what support is available for you and your business.

Find out more about further support available for your business.