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Virgin Money Personal Loan
Virgin Money offers a straightforward personal loan option with no early repayment charges, making it an attractive choice for borrowers looking for flexibility.
Virgin Money Personal Loan
Updated 5 minutes ago| APR | Amount | Term |
|---|---|---|
| 5.1–29.9% | £1,000–£25,000 | 12–60 mo |
Requirements
UK resident
18+
Regular income
Decision
Same dayOur Verdict
Virgin Money offers a straightforward personal loan option with no early repayment charges, making it an attractive choice for borrowers looking for flexibility.
✅ Best For
This loan is best for UK residents seeking a transparent borrowing experience without hidden fees.
⚠️ Watch Out
As Virgin Money is no longer accepting new loan applications, prospective borrowers will need to consider Nationwide's offerings instead.
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About this loan
Expert Analysis
Virgin Money's personal loans were designed to provide a straightforward and user-friendly borrowing experience, characterised by clear pricing and no early repayment charges. The minimum loan amount starts at £1,000 and goes up to £25,000, with flexible term lengths ranging from 12 to 60 months. The APR ranges from 5.1% to 29.9%, which is competitive in the market; however, the higher end of the APR may apply to those with lower credit scores.
With same-day approval, the application process is efficient, catering to those in need of quick access to funds. Nevertheless, it's important to note that Virgin Money is now part of Nationwide and has ceased taking new applications for personal loans, directing customers instead to Nationwide's offerings. This transition may affect existing customers who have loans with Virgin Money, as they will need to manage their accounts through Nationwide moving forward. While the lack of early repayment fees is a definite advantage, potential borrowers should also explore other lenders to compare terms, especially if they are looking for specific features or rates tailored to their financial situation.
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7.9–45.9%
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9.9–69.9%
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M&S Bank Personal Loan
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Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
Similar options
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7.9–45.9%
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9.9–69.9%
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