Important information about how to ensure you receive the 25% refund offer on Payment Protection Insurance (August 2007)
Please read these terms and conditions carefully
We’re looking forward to giving you 25% of your Payment Protection Insurance (PPI) premium back to you at the end of your loan. In order to be eligible for the 25% refund payment at the end of your loan, there are some conditions you must meet. These are set out below. Please read them carefully.
If you do not make a claim on your PPI policy and you repay your loan in full over the original term agreed, we will refund you the equivalent of 25% of the PPI premium (excluding interest) you have paid over the term of the loan.
The offer is only open to customers who are accepted for a PPI policy on an Unsecured Barclayloan, Barclayloan Plus or Personal Loan from Barclaycard (excluding local Business Loans) between 20th August 2007 and 2nd December 2007.
You will not be eligible for the 25% refund if you:
- Make a claim on your PPI policy and that claim is accepted by us
- Cancel your PPI policy before the end of the term specified in your loan agreement
- Repay your loan before the end of the term specified in your loan agreement even if you go on to borrow more money from Barclays
- Rearrange or refinance your loan with us
- Miss any loan repayments or PPI premium payments, even if you subsequently make up those missed payments.
Other important information
- The 25% PPI refund offer is a promotion only and does not form part of your loan agreement or your PPI policy
- If you qualify for a refund payment, it will be made to you automatically within one month of your final loan payment
- The premium refund will be paid to your Barclays current account. If you do not have a Barclays current account, we will pay the monies into the account from which the loan payments were made, or pay by cheque as an exception
- The refund payment of 25% is based on the premium paid for the PPI over the full term of the loan and does not include any interest paid or accrued on the premium
- Offer only applies to Payment Protection Insurance taken out with an unsecured Barclayloan, Barclayloan Plus or Personal Loan from Barclaycard (excluding local business loans)
You should ensure that you read your Loan Agreement and Payment Protection Insurance policy document in conjunction with this document.
Barclays Bank PLC. Registered in England. Registered No: 1026167. Registered Office: 1 Churchill Place, London E14 5HP.