We currently don't have that product, but here are others to consider:
How we picked theseTo make it even easier to compare and evaluate unsecured loans we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyPlease note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.
How do Virgin Money loans compare against the competition?
See today's rates from across the personal loan market.
| 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 |
| Fee | Varies |
| Same-day funding available | |
| Instant decisions in most cases | |
| Soft-search facility available | |
| Joint applications | |
| Overpay without penalty | |
| Concurrent loans allowed | |
| Topping-up pays off existing loan and initiates a new loan | |
| Repayment methods | Direct Debit |
The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan. Because Virgin Money doesn't charge an arrangement fee, its APR comprises just the interest rate – and so they're one and the same.
However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what Virgin Money gives to at least 51% of those who take out the loan. The other 49% could pay more. Virgin Money must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.
Virgin Money advertises a representative APR of 0.0% on loans between £0 and £0 on the Virgin Money Existing Customer Personal Loan.
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.
You’ll need to meet the following criteria to be eligible for a Virgin Money loan:
Virgin Money typically offers loans to applicants with high credit scores. It's important to note that your credit record is just one factor that Virgin Money considers. However, if you don't have a high credit score, you're very unlikely to get approved for a Virgin Money loan.
A "Good" or "Excellent" credit rating would require a score of 881 or higher if you're referring to Experian's scale, 531 or higher if you're referring to Equifax's scale and 604 or higher if you're referring to TransUnion's scale.
Yes, Virgin Money offers instant decisions online in most cases. (Occasionally, more information may be required.) Virgin Money can also offer same-day funding of your loan.
Yes, Virgin Money allows you to have more than one loan running at the same time. Each application for credit will be considered on its own merit. Alternatively, Virgin Money also allows you to effectively "top up" your loan by closing your current loan and starting a new, larger loan.
If you've decided that a personal loan from Virgin Money is right for you, you can head over to Virgin Money's website to apply. Completing the secure online application form usually takes about 15 minutes. In most cases Virgin Money will give an instant decision. Before you apply, check that you meet the eligibility requirements and have the information and documents you'll need to make the process as straightforward as possible.
You’ll need to provide the following information as part of your application:
83% of customers we surveyed in 2026 would recommend Virgin Money to a friend.
It offers a generally smooth and efficient loan service with a straightforward online application. Customers find the app helpful for managing direct debits and appreciate the supportive customer service team, especially regarding repayment assistance.
While the loans are processed quickly, some users expressed frustration over the clarity of the terms, particularly regarding variable interest rates.
AI-generated summary from the text of customer reviews on Finder.
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