Revolut loans
Revolut offer fast, flexible and fair loans with smart features to make your borrowing simple.
Why choose a Revolut personal loan?
Revolut offers a simple, alternative way to borrow. Just download the app, link your bank account to Revolut and get a personalised loan just for you.
Other highlights include:
- Borrow what you need: Borrow between €2,000 and €30,000 at market leading rates. Use our online loan calculator to see what your loan will cost and how much you could save.
- Flexible features: Change repayment dates, make overpayments, and keep on top of your borrowing with no added cost.
- One simple app: Apply for your loan, get a result, receive the money, and manage your repayments all in one app.
- Fixed interest rates: Get your loan cost upfront with no sneaky rate hikes.
- No hidden charges: There’s nothing hidden, so you’ll know what you owe, what interest you’ve accrued and how much you’ve repaid at a glance.
- Get an answer in minutes: Download the app and get a decision on your application right away.
What can you use a Revolut loan for?
You can use a Revolut loan for any of these things and more:
- A new car or vehicle
- Home improvements
- Weddings
- Medical expenses
- Holidays
- Refinancing
Revolut state that their loans cannot be used for gambling, investment or business purposes.
How to apply for a Revolut loan
To start the loan process, download the app and apply for your loan in three simple steps:
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Go to the Credit page and select the ‘Get a Loan’ option
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Enter how much you want to borrow and for how long
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Answer a short set of questions so Revolut can assess your application
If you’re successful, simply sign the agreement and get your money instantly in your account.
If you don’t see the ‘Get a Loan’ option, then you aren’t eligible to make an application. It’s worth checking your loan eligibility again at a later date.
Any questions before you start can be answered by their searchable Help page or get help from the Revolut community of 15 million users.
What else does Revolut offer?
Revolut is a forerunner of the digital banking revolution and offers several other financial services via its mobile app.
With their standard account, users get a free euro IBAN account and debit card.
Once you’ve downloaded the Revolut app, with a standard account you can:
- Get a payment card and link to Google Pay and Apple Pay
- Withdraw up to €200 cash a month for free
- Send money abroad fee free in 30+ currencies
- Spend around the world with no hidden fees
- Use their crypto-currency exchange and convert currencies into Bitcoin, Ethereum & more
- Use Vaults for budgeting and saving money
- Get global travel insurance and unlock travel perks
About Revolut
Revolut offers a range of digital banking services in a mobile app. It started off as an e-money institution but has recently expanded its range of services and was granted an EU banking licence in 2018.
It has customers in over 28 EU countries including Belgium, Denmark, Germany, Netherlands, Spain and Sweden who can now bank with Revolut and be fully protected for up to €100,000.
Revolut Bank UAB is authorised by the European Central Bank and Bank of Lithuania and is regulated by the Central Bank of Ireland for conduct of business rules.
Revolut loans FAQs
How will Revolut use my linked bank account?
All the details Revolut receives from your linked account are securely stored and encrypted and all your bank data is for your use only. They may use the data you share to keep you informed about your money while using the Revolut app.
Is Revolut safe?
Yes, Revolut has a full European Central Bank bank licence and deposits held in Revolut Bank now carry a deposit guarantee protection of up to €100,000 per user backed by the Lithuanian Deposit Guarantee Scheme.
What if I can't repay my Revolut loan?
Revolut encourages you to get in touch with them via their in-app chat or email if you are struggling to make repayments. They may report missed payments to the Central Credit Register which can have a negative impact on your credit history.
Can I repay my Revolut loan early?
Yes, you can repay your loan at any time without being charged. Early repayment will decrease the total cost of the credit, so if you can afford to do so, repay your loan as soon as possible.
Just tap on ‘Repay’ in your loan page to make a part payment, or pay off your loan in full.
