How to apply for Revolut online personal loans instantly
Revolut, boasting over 40 million customers, provides a wide range of financial services such as online banking, trading, savings, and Revolut online personal loans of up to €35,000, depending on your eligibility. These financial services are offered in various countries, including the UK, USA, Australia, and Germany.
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Revolut’s online personal loans differ in amount offerings, interest rates, and repayment terms based on the country or state. Eligibility criteria and loan requirements also vary by location. Nevertheless, let’s examine a general overview of these loan types, including relevant information and application criteria.
Country | Loan Amount | Interest rates | Repayment Period |
Luthania | €10,000 to €35,000 | From 5.99% | Upto 10 years |
Ireland | €2,000 to €30,000., | From 6.5% APR | Upto 5 years |
Romania | 10,000 RON to 200,000 RON | From 8.29% APR | Upto 60 Months |
Australia | $5000 to $ 50,000 | 6.9% p.a | Upto 7 years |
In which countries does Revolut operate?
Revolut online personal loans and their mobile app is available in more than nine countries, including:
- USA
- Australia
- France
- Germany
- Lithuania
- Poland
- Republic of Ireland
- Romania
- Spain
- UK
How to get started with Revolut Online Personal loans?
Want to get started with Revolut online personal loans but not sure how to do so? We have put together a detailed guide to help you navigate the realm of Revolut loans regardless of your location. This includes the eligibility, loan requirements, and how to get started with the Revolut online personal loan mobile.
How to be eligible for Revolut online personal loans?
To qualify for a Revolut online personal loan, you must:
- Be a citizen of one of the countries where Revolut operates, such as the USA, Germany, or the UK.
- Be at least 18 years old.
- Have a good credit history.
- Be employed.
- Provide a valid form of identification issued in your country, such as a passport, identity card, driver’s license, or residence permit (permanent or temporary).
How to apply for a Revolut personal loan?
Whether you are in the USA, UK, Australia, and other eligible locations, here is how to apply for and obtain a personal loan with Revolut mobile app:
- Download and install the Revolut mobile app if you don’t already have it.
- Sign up or log in to your Revolut account.
- Navigate to the homepage and tap on the loan section.
- Select your desired loan amount.
- Accurately fill in the required information.
- Review and submit your loan application.
- If eligible, the loan will be credited to your specified bank account.
How to download the Revolut app on my phone?
In case you want to apply for Revolut mobile loans instantly in the USA or UK, you will need to download the app. To download and install the Revolut app on your device, follow these steps:
For Android:
- Open the Google Play Store on your Android device.
- In the search bar, type “Revolut”
- Locate the Revolut app by Revolut Ltd. and tap on it
- Tap the “Install” button
- Once installed, open the app and follow the on-screen instructions to sign up for a Revolut account.
For iOS (iPhone/iPad):
- Open the App Store on your iOS device.
- In the search tab, type “Revolut”.
- Find the Revolut app by Revolut Ltd. and tap on it.
- Tap the “Get” button, then “Install”.
- After installation, open the app and proceed with signing up for Revolut account.
Advantages and disadvantages of Revolut online personal loans
Pros | Cons |
No hidden fees Flexible interest rates Easy application process Easily track and analyse your spending | Not available in all countries Credit check is mandatory Certain Fees may apply |
What additional services does Revolut offer?
Here are some of the additional financial services provided by Revolut.
1. Stock trading
Are you based in the USA, Germany, or the UK and interested in trading? Well, here’s some exciting news! Revolut allows you to engage in stock trading directly through their platform. What’s even more interesting is that you can start trading with as little as $1 and choose from a selection of over 2000 stocks across various companies.
Moreover, even beginners can benefit from Revolut’s trading courses and quizzes to learn essential trading strategies and techniques.Revolut Trading Ltd (FRN: 832790) offers stock trading services as an appointed representative of Resolution Compliance Limited (FRN: 574048), authorized and regulated by the Financial Conduct Authority (FCA).
2. Savings
Revolut also provides customers with a Savings platform where they can save money and earn interest on their deposits. It’s an effective method for growing your savings over time, particularly useful for achieving specific financial goals such as buying a house or a car. With Revolut operating in multiple countries, you can save in GBP, EUR, and USD, with daily interest payments directly credited to your account. Additionally, you have the flexibility to access your savings anytime and from anywhere, which adds to the convenience of this feature.
3. End the overspend
Lastly, with this unique feature, you receive real-time spending notifications through the app. This enables you to efficiently monitor and manage your expenses. You can utilize various budgeting and analytics tools to easily oversee your spending without concerns about tracking your finances.
Additionally, Revolut also facilitates financial transactions such as sending and receiving money between friends and family in various currencies, making purchases with Revolut credit cards, utilizing security features for card protection, and paying bills and utilities. Revolut credit cards support international spending at competitive interest rates.
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Editor’s Remarks
As we conclude review blog, I trust we’ve addressed some of your basic inquiries regarding Revolut online personal loans details and how to apply for them depending on your location. If you have further questions about this loan service, feel free to visit their website. Alternatively, you can reach them via email [email protected] for more information to help you achieve your financial objectives.
Frequently Asked Questions
After your loan application form is approved by Revolut, they will send you the agreed-upon loan offer. Upon accepting the offer, you will sign an agreement, and the funds will be deposited into your account.
Revolut provides various loan amounts with competitive interest rates, tailored to different countries. Simply download and install the Revolut loan app from the Google Play Store or Apple Store, create an account, and follow the instructions to secure an instant loan.
Revolut operates in a number countries, like USA, Australia, France, Germany, Lithuania, Poland, Republic of Ireland, Romania, Spain, and UK
1. Download and install the Revolut app if you don’t already have it.
2. Sign up or log in to your Revolut account.
3. Navigate to the homepage and tap on the loan section.
4. Select your desired loan amount.
5. Accurately fill in the required information.
6. Review and submit your loan application.
7. If eligible, the loan will be credited to your specified bank account.
Revolut is not supported in Belarus, Cuba, Donetsk People’s Republic, Iran, Kherson (Ukraine), Democratic People’s Republic of Korea, Libya, Luhansk People’s Republic.
Yes, it is possible to apply for loan on Revolute by downloading their mobile application for either Android or iOS users. If you already have the Revolut loan app, you will simply tap the account selector below your balance >>> Select ‘+ Add new’ >>> ‘Credit’ >>> ‘Personal loan/Credit Cards’.
If you cannot get a loan from Revolut, either you have a bad credit history, or you are in a country or location where the Revolut online personal loan app is blocked or not accessible.
Yes, the Revolut online personal loan app is available in Germany. However, to be eligible for these personal loans, you must be at least 18 years of age and permanently living in Germany, with all the necessary identification documents.
The Revolut loan app uses the Revolut Bank UAB in the European Economic Area including USA, Australia, France, Germany, Lithuania, Poland, Republic of Ireland, Romania, Spain, and UK