Important: Yorkshire Bank is now lending under Virgin Money. You can still use this page to calculate the cost of a Virgin Money personal loan.
We currently don't have that product, but here are others to consider:
How we picked theseTo make comparing even easier 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.
What started out as the West Riding of Yorkshire Provident Society and Penny Savings Society in 1859, has been passed around a fair bit over the years! In recent history, it became a trading style of Clydesdale Bank in 2005. It was absorbed by Virgin Money in 2018, and then Virgin Money itself was acquired by Nationwidein 2024. The Virgin Money brand is set to be phased out over the next few years. Got it? Good!
| Loan amount not specified | |
| Terms not specified | |
| Age eligibility | Age eligibility not specified |
|---|---|
| Application fee | No application fee |
| Repayment holiday | Repayment holiday not permitted |
| 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 |
| Product fee | 0% |
| 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 |
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £1,000 to £25,000 |
| Loan terms | 1 year to 5 years |
| Loan rate type | fixed |
| Product fee | 0% |
| 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 |
Yorkshire Bank (Virgin Money) also states that occasional longer terms (up to seven years) can be arranged for loans over £7,500. That’s provided no more than half of the loan will go towards repaying existing debt held with Yorkshire Bank.
The loans have a fixed interest rate, so with set monthly repayment amounts you can budget with confidence, and know in advance exactly how much the loan is going to cost overall.
A quick response is available online until 10pm, Monday to Friday, and until 6pm at weekends. Funds will be in your account within 5 working days of Yorkshire Bank receiving the required documentation.
If your application for a personal loan is successful, the interest rate you’re offered will depend on factors like your credit rating, income and expenditure. It may differ from the advertised “Representative APR”.
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 and 6.3% on loans between £7,500 and £15,000 on the Virgin Money Virgin Money Personal Loan.
You can repay your loan early, or overpay, at any time, and may be eligible for a reduction in your overall interest, depending on how early you repay/overpay.
You should only apply for a Yorkshire Bank (Virgin Money) personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:
It shouldn’t take more than 20 minutes to apply online, and you can save your application to come back to later – handy if you’re just missing one crucial detail. You can also apply over the phone (0800 707 6471). You’ll need to have the following details in order to apply:
There are lots of options available when it comes to personal loans so doing a little research beforehand is key.
Comparing your options above will help you find the best deal for you. If you decide on Yorkshire Bank personal loans, you’ll need to be confident you’re eligible for one of its loans as there’s no soft search available that can indicate whether you’ll be approved or not before you actually apply.
You can borrow from £1,000 to £35,000 with a Virgin Money personal loan over up to 7 years.
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