Revolut launches personal loans in UK, taking on major banks
Business · First reported 26 Oct, 06:03 · Updated 22:07
Revolut has launched UK personal loans ranging from £2,000 to £25,000, with repayment terms of one to five years and APRs from 6.9% to 29.3%. The company says it plans eventually to enter the mortgage market.
- Revolut’s UK personal loans range from £2,000 to £25,000 and can be repaid over one to five years.
- The loans have stated APRs ranging from 6.9% to 29.3%; Revolut says there is no early repayment fee.
- Revolut chief executive Francesca Carlesi told Reuters that the company plans eventually to enter the UK mortgage market.
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