Virgin Money personal loans review
You can borrow from £1,000 to £35,000 with a Virgin Money personal loan, and pay it off over up to 7 years.
Virgin Money loan calculator
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Does Virgin Money offer loans?
Yes, Virgin Money branched out and launched its first unsecured personal loans in July 2020. Loans are offered for up to £35,000, with instant decisions and quick funding, as well as offering customer perks like access to Virgin Money lounges and Virgin Group discounts.
Key features of Virgin Money personal loans
Virgin Money personal loans are offered digitally, meaning you can apply, get approved and get funded entirely online within a couple of hours.
Virgin Money loans are available from £1,000 to £35,000, with loan terms of 1-7 years. The annualised percentage rate (APR) is 3.1% p.a. on loans between £7,500 and £15,000, and 3.2% p.a. on loans between £15,000 and £25,000.
|Loan type||Unsecured Personal Loan|
|Loan amounts||£1,000.00 to £35,000.00|
|Loan terms||1 Year to 7 Years|
|Loan rate type||Fixed|
|Same day funding available|
|Same day funding note||For existing current account customers only.|
|Instant decisions in most cases|
|Soft-search facility available|
|Overpay without penalty|
|Concurrent loans allowed|
|Topping-up pays off existing loan and initiates a new loan|
|Repayment methods||Direct Debit|
Am I eligible for a Virgin Money personal loan?
You’ll need to meet the following criteria to be eligible for a Virgin Money loan:
- Be at least 18 years old
- Have a good credit rating
- Be a UK resident
- Have a UK bank account
- Have a credit or debit card
How do I apply?
You can apply for a Virgin Money personal loan online, and you’ll need to provide the following information as part of your application:
- Your addresses for the last 3 years
- The name of your employer, your income, and how long you’ve been working there
- Your mobile number (for online and phone banking)
- Information about your monthly spending, existing debts and liabilities
Pros and cons
- Low rates
- Flexible loan sizes
- Quick approval and funding
- Not available to those with bad credit
Frequently asked questions
Get personalised loan quotes
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