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Revolut is rolling out unsecured personal loans to a limited number of its 14 million UK customers. The loans range from £2,000 to £25,000, can be repaid over one to five years, and mark the company’s first credit product since it became a licensed UK bank.
Revolut has begun offering unsecured personal loans in the United Kingdom, marking its first credit product since becoming a fully licensed UK bank. The loans, available to a limited number of the company’s 14 million customers during a phased rollout, range from £2,000 to £25,000 and have repayment terms of one to five years, according to a company release provided to PYMNTS on October 26.
The product is designed for borrowing without collateral, with eligible customers able to request between £2,000 (about $2,700) and £25,000 (about $33,000). Borrowers can select a repayment period of one to five years, according to the release. Revolut said the rollout will take place in phases over several months, and the initial offer is not available to all of its UK customers.
Revolut UK CEO Francesca Carlesi said the application process was designed to be simple and transparent. The company says approved applicants can receive funds nearly instantly, can repay early without a fee, and will be shown rates it describes as competitive. Those are the company’s stated product features; the release does not specify the rates available to individual applicants or how quickly every approved loan will be funded.
Revolut also plans to place loan information within its existing app ecosystem. Carlesi said customers would be able to view repayments alongside their budgeting, spending and investing activity. The announcement establishes the planned in-app integration, but gives no detail on specific budgeting tools, repayment reminders or other functions borrowers will have access to.
Revolut Adds Lending to Its Bank
The launch extends Revolut’s UK business from banking services into consumer lending. For customers, the practical change is that eligible users may be able to apply for a personal loan through the same app they use for other financial activity. Whether that convenience will translate into a suitable offer depends on an applicant’s eligibility, the rate offered and the loan’s full terms.
The product also gives Revolut a route to build a broader relationship with customers: lending, repayments and everyday money management can sit in one place. That may make it easier for users to track a loan alongside other spending, as the company says. The release does not establish that the product will be cheaper or more accessible than loans from other providers, and it provides no comparative pricing or approval data.
For the wider market, the announcement is a visible step in Revolut’s expansion as a licensed UK bank. A loan rollout also brings new questions for prospective borrowers about rates, eligibility and repayment obligations. Customers should compare the terms they are offered rather than infer from the launch announcement that all users will qualify or receive the same pricing.
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From Banking Licence to Credit
Revolut’s loan launch follows a lengthy process to establish its UK banking operation. PYMNTS reported that the company had been technically licensed since July 2024, after a three-year wait, and spent close to two years in a mobilisation phase. During that period, deposits were limited to £50,000, according to the report. The source says Revolut received its full UK banking licence earlier in 2026, making the personal loan the company’s first credit product since that development.
The announcement is specific to Revolut’s UK customers and the new personal loan offer. It does not describe a launch in other markets or set out a schedule for making the loans available to all UK users. The company’s phased approach means availability will grow over time, but the release does not say which customers will be invited first or what criteria will determine access.
“U.K. consumers can face unnecessary friction and complex fee structures when borrowing.”
— Francesca Carlesi, Revolut UK CEO, in the company release
Rates and Access Remain Undisclosed
The announcement does not provide loan rates, representative APRs, fees beyond the stated absence of early-repayment charges, or eligibility criteria. It also does not explain how Revolut will assess applications, whether loan amounts or terms will vary by customer, or how many people are included in the initial limited rollout.
Revolut says approved borrowers may receive funds near-instantly, but the release does not define what “near-instant” means or identify circumstances in which funding may take longer. It is also unclear when the phased launch will reach all eligible UK customers. The company has not announced any launch outside the United Kingdom.
A Phased Rollout Over Months
Revolut says it will make the loans available in phases over several months, beginning with a limited group of its UK customers. The announcement does not give a calendar for later phases or a date when all customers might be able to apply.
As the rollout proceeds, further details would be needed for customers to compare the product: published rates and representative examples, eligibility requirements, application steps and the full repayment terms. For now, the confirmed development is the start of a limited UK personal-loan offer, not universal availability or a commitment to lend to any particular applicant.
Key Questions
How much can customers borrow from Revolut?
The announced unsecured personal loans range from £2,000 to £25,000, according to Revolut’s release. Availability is currently limited to a portion of the company’s UK customer base.
What repayment terms are available?
Revolut says borrowers can choose a repayment period of one to five years. The announcement does not provide individual repayment examples or explain how terms are assigned.
Can all Revolut UK customers apply now?
No. The company says the loans are available to a limited number of its 14 million customers and will be rolled out in phases over several months. It has not said when access will expand to all customers.
What rates will Revolut charge?
The release does not disclose specific interest rates or representative APRs. Revolut describes its rates as competitive, but customers will need details of their own offers to assess the cost.
Does Revolut charge for paying a loan off early?
Revolut says there is no fee for early repayment. The announcement does not provide a full schedule of other potential charges or detailed loan terms.
Source: pymnts.com
