Business · Companies · 1 hr ago
Revolut launches personal loans for UK customers
Revolut has launched personal loans in the UK, putting the digital banking company in competition with major high-street banks.
The unsecured loans range from £2,000 to £25,000, with interest rates of 6.9% to 29.3% APR.
The launch is the company’s first credit product since it secured a full UK banking licence.
Revolut has about 14 million customers in Britain and has been expanding its banking services after years of seeking full regulatory approval.
Customers can apply and manage repayments in the Revolut app, and approved funds are typically transferred within minutes.
The service is initially limited to selected customers and is due to roll out in stages over several months.
Revolut also plans to launch a credit card in the near future and eventually offer mortgages in Britain.
Revolut has begun offering personal loans to customers in the UK, entering a market served by high-street banks.
The unsecured loans range from £2,000 to £25,000, with advertised rates of 6.9% to 29.3% APR.
Approved funds are typically transferred within minutes, and customers can apply and manage repayments through the Revolut app.
The product is initially available to a small number of selected customers, with a phased rollout planned over several months.
Revolut said it plans to launch a credit card in the near future and eventually offer mortgages in Britain.
- Who
- Revolut, a financial technology company and bank.
- What
- It has launched unsecured personal loans for UK customers.
- When
- October 26, 2026.
- Where
- The United Kingdom.
- Why
- The launch expands Revolut’s range of banking services in its home market and brings it into competition with high-street banks.
This story does not have two clearly opposing sides.
Revolut first applied to become a full bank, according to the Evening Standard.
Revolut began offering personal loans to UK customers.
Revolut plans to roll out the product in phases.
- Loan amounts
- £2,000 to £25,000
- Interest rates
- 6.9% to 29.3% APR
- Funds after approval
- Typically transferred within minutes
- Initial availability
- A small number of selected customers
- UK customer base
- About 14 million customers
3 sources
What people are saying
UK consumers can face unnecessary friction and complex fee structures when borrowing.
We’ve built a transparent and simple loan process with near-instant funds on approval, no fee for early repayment and competitive rates.
Plus, by bringing credit into the Revolut ecosystem, customers can see exactly how their repayments fit alongside their day-to-day budgeting, spending and investing all in one place.