Revolut Adds UK Personal Loans as a Licensed Bank
Revolut's first credit product since gaining its UK banking licence moves it from payments toward lending. The terms are plain; the test is credit risk.
Revolut has launched unsecured personal loans of £2,000 to £25,000 over one to five years, its first credit product since becoming a licensed UK bank. The move shifts Revolut from payments toward balance-sheet lending, and puts the Prudential Regulation Authority's capital and conduct perimeter at the centre of its UK growth.
The Ledger Desk · 3 min read- Revolut's unsecured UK personal loans run from £2,000 to £25,000, repayable over one to five years, per its own help centre.
- This is reported as the first credit product Revolut has offered since it became a licensed UK bank.
- Lending moves Revolut's risk from payment flow to its own balance sheet, so credit losses and capital become the numbers to watch.
- Revolut says the loans are still being rolled out to existing customers, so availability varies by account.
- Revolut has not published loan pricing or default data in the material reviewed, so any claim about returns is unconfirmed.
Revolut has introduced unsecured personal loans for UK customers, according to a Monday (Oct. 26) press release reported by PYMNTS. The loans range from £2,000 to £25,000 and are repayable over one to five years. PYMNTS describes it as the first credit product the company has launched since it became a licensed UK bank. The headline is the product; the substance is that a payments-led firm is now taking credit risk onto its own balance sheet.
What Revolut is offering
Revolut's help centre lists the loans as unsecured, from £2,000 to £25,000, over one to five years. Eligibility requires the customer to be at least 18, have a UK address and mobile number, have held the Revolut account for more than 30 days, and earn over £12,000 a year. The same page says the loans are still being rolled out to existing customers, so availability varies. The page is undated, and pricing was not part of the material reviewed.
Why lending changes the risk profile
A payments business earns on flow and bears limited credit risk. An unsecured lender does the opposite: it funds the loan and absorbs the loss if the borrower defaults. For Revolut, that makes underwriting quality, arrears and capital the metrics that matter. The Prudential Regulation Authority's expectations for a licensed bank apply to this book, which is a different discipline from the product-growth playbook that built the customer base.
What to watch next
The open questions are measurable. Revolut has not published pricing, approval rates or default experience in the sources reviewed, so claims about the loans' profitability are unconfirmed. Watch the company's regulatory and annual filings for loan-book size, impairment charges and capital ratios. Also watch whether eligibility rules, such as the 30-day account-tenure requirement and the income threshold, are loosened as the rollout widens beyond existing customers.
What this means for readers
For UK borrowers, compare the loan's total cost of credit with other unsecured lenders before applying, and confirm the pricing in the app, since it was not available in the sources reviewed. For analysts and competitors, treat this as a test of whether a neobank can underwrite unsecured credit without the losses that high-growth lenders often see, with the first hard evidence arriving in published filings rather than press releases.
- What loan terms is Revolut offering in the UK?
- Revolut's help centre lists unsecured personal loans of £2,000 to £25,000 over one to five years. Eligibility includes being 18 or over, having a UK address and mobile number, holding the account for more than 30 days, and earning over £12,000 a year.
- Why does this matter beyond one product launch?
- Lending puts credit risk on Revolut's own balance sheet. A payments-led business now has to show underwriting quality and capital strength, which regulators and depositors will judge differently from card-payment growth.
- Is the rollout complete?
- No. Revolut's help page says loans are still being rolled out to existing customers. The page is undated, so the exact scale and pace of the rollout are unconfirmed.