Dateline: Revolut, product launch, 26 October 2026

Revolut, the London-based digital bank, began offering Revolut UK personal loans on 26 October 2026, with unsecured loans of £2,000 to £25,000 repayable over one to five years at rates of 6.9% to 29.3% APR. Fintechbits compared that range with Revolut’s own Irish loan page, which advertises variable rates from 6.50% to 12.99% APR on loans of up to €30,000, so the top UK rate of 29.3% is more than double the highest rate Revolut quotes in Ireland. The loans are Revolut’s first UK credit product since it secured a full UK banking licence, and they are available to a small number of selected customers before a phased rollout over several months, according to PA Media reporting.

What Revolut UK Personal Loans Offer

The loans are applied for and managed in the Revolut app, and funds typically arrive within minutes of approval, according to the company statement reported by PA. Revolut says there is no fee for early repayment.

Francesca Carlesi, chief executive of Revolut UK, said: “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.” She added that bringing credit into the app lets customers see how repayments fit alongside their budgeting, spending and investing.

City AM reported that Revolut has about 13 million UK customers and 80 million worldwide, and that Carlesi told Reuters the bank plans to enter the UK mortgage market eventually. PA reported that a credit card is also planned.

How Revolut’s UK Rates Compare With Its Irish Loans

Revolut already lends in Europe, and its prices there make a useful benchmark. Revolut’s Irish personal loans page offers loans of up to €30,000 with variable rates from 6.50% APR to 12.99% APR, and gives a representative example of a €5,000 loan over three years at 6.50% APR.

The bottom of the two ranges is close: 6.9% in the UK against 6.50% in Ireland. The top is not. At 29.3%, the highest UK rate is more than 16 points above the highest Irish rate, which puts the upper end of Revolut’s UK pricing in the territory of credit cards rather than mainstream personal loans.

There are fair reasons for the gap. A wider APR range lets a lender approve more applicants by pricing riskier borrowers higher rather than declining them, and Revolut has no UK lending history of its own to set prices against. Without a UK representative APR, though, customers cannot tell where most borrowers will land.

Fintechbits analysis

Fintechbits analysis

Why Revolut’s Lending Push Matters More Than the Rates

The UK loans are the first real test of Revolut’s UK banking licence, which Revolut founder Nik Storonsky welcomed in March 2026, according to City AM. Revolut has spent years building one of the UK’s largest customer bases on payments, cards, foreign exchange and subscriptions. Lending is where a bank earns interest margin, and it is where Revolut’s revenue per customer can close the gap with older banks. Revolut holds six full banking licences, including the UK, as Fintechbits recorded when it added Colombia in September. The UK is the one that matters most for profits.

The phased rollout is sensible. Unsecured lending is where fast growth in a benign credit market can hide weak underwriting until the cycle turns, and a new lender has the least data to catch it. Starting with selected customers lets Revolut use what it already knows about each applicant’s account activity before opening the doors.

The 29.3% upper rate is the detail to hold Revolut to. A bank that promises “transparent” lending and “competitive rates” will be judged on the APR its typical customer actually receives, not on the 6.9% headline. Revolut’s own Irish page shows it can publish a representative example. Doing the same in the UK would answer the obvious question. Revolut is also building toward lending in the US, where its conditional OCC approval covers a planned bank offering personal loans and credit cards, so how it handles UK pricing will shape its credit reputation in other markets.

Frequently asked questions

What are the terms of Revolut UK personal loans?

Revolut UK personal loans range from £2,000 to £25,000, are repayable over one to five years and carry rates of 6.9% to 29.3% APR. Revolut says there is no fee for early repayment and funds usually arrive within minutes of approval.

Who can get a Revolut personal loan in the UK?

The loans are available to a small number of selected Revolut customers first, with a phased rollout over several months, according to PA Media reporting of the company statement. Revolut has not published wider eligibility criteria.

How do Revolut’s UK loan rates compare with its rates in Ireland?

Fintechbits compared the two: Revolut’s Irish page advertises variable rates from 6.50% to 12.99% APR on loans up to €30,000, while the UK range runs to 29.3%. That makes the top UK rate more than double the highest rate Revolut quotes in Ireland.

What to Watch Next

The number that would settle the pricing question is a UK representative APR, the rate at least 51% of approved borrowers receive, which UK rules require in credit advertising. Once Revolut publishes a UK loans page or promotions, that figure will show whether the typical borrower sits near 6.9% or much higher. The rollout pace is the second signal, along with the credit card PA says is planned.

Why this matters

Fintechbits compared Revolut’s UK loan pricing with its Irish loans page and found the top UK rate of 29.3% APR is more than double the 12.99% ceiling Revolut advertises in Ireland. The UK loans run from £2,000 to £25,000 over one to five years and are Revolut’s first UK credit product as a licensed bank. Lending is how Revolut can lift revenue per customer. The open question is what rate the typical UK borrower will actually pay.

Primary sources

uk.finance.yahoo.com (PA Media) | REPORTING | https://uk.finance.yahoo.com/news/revolut-takes-high-street-banks-111623528.html

cityam.com | REPORTING | https://www.cityam.com/revolut-to-take-fight-to-high-street-banks-with-uk-personal-loans/

revolut.com | COMPANY WEBSITE | https://www.revolut.com/en-IE/personal-loans/