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What you'll get with a Virgin Money loan

Special surprise or serious buy? Our personal loans have got you covered.

Range

Personal loans from £1,000 to £25,000.

Repayments

Repay over 1 to 5 years.

Rates

Rates from 6.3% APR to 28.9% APR.

If you're an existing customer, you may be able to borrow more over a longer period. Check your eligibility to see the terms available.

Why choose a Virgin Money loan?

  • See your rate before you apply
    Check your eligibility for a loan in minutes and see your rate before you apply. This will not affect your credit score.
  • Fast funds
    If your application is approved, you'll get the money in as little as two hours, or by the end of the next business day at the latest.
  • Fixed monthly payments
    After your first repayment, choose a repayment date that suits you, to help with budgeting.

Calculate your estimated payments

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Work out how much to borrow and what your repayments and interest rates could be. Existing customers may be able to borrow more than £25,000 over a longer period. Check your eligibility to see the terms available.

representative

Borrowing close to where the APR changes?

The interest rate you pay on your loan depends on the amount you like to borrow. Typically, the more you borrow, the lower interest rate you'll pay. This means you may be able to reduce your monthly payments and your loan amount by borrowing slightly more.

For example, if you took out a 5 year loan, you could:

  • Borrow £4,950 at 14.9% per annum and pay back £6,908.66
  • Borrow £5,000 at 7.4% per annum and pay back £5,964.24

In this example, you'd save £944.42 by borrowing £50 more.

Always make sure you can afford the monthly payments.

See how the APR changes depending on the loan amount
Loan amount APR
£1,000 - £2,999 22.9%
£3,000 - £4,999 14.9%
£5,000 - £7,499 7.4%
£7,500 - £15,000 6.3%
£15,001 - £25,000 6.5%

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Representative example

Total amount payable Includes interest
Based on borrowing
Monthly repayments
Paid over years
Fixed interest rate per annum
Representative APR

All loans are subject to status and eligibility and you must be over 18 and a UK resident to apply. The interest rate we offer you is based on how much you borrow and your personal circumstances. The minimum rate we offer is 6.3% APR and the maximum rate is 28.9% APR.

Ready to apply?

It's easy to check your eligibility and apply for a Virgin Money loan. Start a new application or continue with an existing application.

To be accepted for a loan you'll need to:

Check your eligibility  Continue application

Popular questions about loans

After we have your loan agreement confirmed, we'll send your money. This will usually be within 2 hours or by the end of the next working day at the latest.

This does mean that there's a small chance you could be charged some interest before you receive your money. This is because interest is charged from the first day of your loan, not when it arrives in your account.

Not a problem. As long as you complete your application within 28 days of starting it, you can click or tap the ‘Save and Exit’ button as often as you need to. To get back to it whenever you like, go to our personal loans page and click or tap on 'Finish my application'.

You can change the bank account your Direct Debit comes out of, or your loan payment date using our online form.

Simply provide us with a few basic details to help us locate your account, then we’ll make the changes requested.

We will deal with your request immediately, however it takes up to 14 days to change your Direct Debit account details, and up to 10 days to change your loan payment date. If your next loan repayment is scheduled within either period, your changes won't take effect until the following payment date.

You can find out in minutes how much it will cost to pay off your personal loan early, using our online form.

We'll need a few basic details to help us locate your account, then we will send you a text message which contains your settlement figure. The settlement figure is valid for 28 days.

The easiest way to pay off your loan is to make a transfer from any bank account, using your loan's sort code and account number. For other methods, please get in touch with us.

That’s totally up to you if you want to pay your loan back early, we like to keep things flexible so if you want to you can:

Pay everything

If you are looking to pay back your full loan, you will have to request a settlement figure for your full loan balance – this will include any additional charge for interest. You can request a settlement figure using our online form. Any early payments will be subject to an interest charge (up to a maximum of 58 days' worth).

Reduce your monthly payments or reduce your loan term

Depending when you took your personal loan out, you may be able to reduce your monthly payments or reduce your loan term. If you aren’t sure how that works out for you please get in touch with us.

The easiest way to pay off your loan, or make an extra payment, is to make a transfer from any bank account using your loan's sort code and account number. For other methods, please get in touch with us.

View all questions about loans

Get ahead with a Virgin Money loan

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A debt consolidation loan could make it easier to manage your money.

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Fancy a chat?

Our team is here to answer your questions, talk through your needs and help you through the process.

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