Revolut Starts Offering Unsecured Personal Loans to Customers in Britain

London, United Kingdom. Digital bank Revolut has started providing unsecured personal loans in Britain, according to its UK chief executive Francesca Carlesi, who spoke to Reuters. The step takes Europe’s most valuable startup into a profitable area of consumer lending that is controlled by the largest British banks.

Expansion beyond payments

The launch moves Revolut past its main payments and subscription services into a riskier line of business. It puts the company in more direct competition with NatWest, Lloyds, Barclays, the UK arm of Santander and HSBC.

Carlesi said the aim was to evolve from a highly successful app for everyday spending that had upended the market into “the primary bank of choice for everybody in the UK”, in effect. She also said a credit card product would follow in the near future. Both moves form part of a wider push to raise the income earned from each customer, a measure on which Revolut trails traditional banks.

Loan terms and rollout

A Revolut spokesperson said the loans will range from £2,000 to £25,000, with interest rates between 6.9 per cent and 29.3 per cent. Carlesi said the company will start cautiously, offering loans to a selected group of customers. Availability will be widened over the coming months to its 14 million customers in Britain.

Revolut already provides unsecured loans in some other countries, but Britain is among its largest markets.

Growth and open questions

Founded in 2015 by CEO Nik Storonsky and Vlad Yatsenko, London-based Revolut now serves more than 80 million customers worldwide. Its private valuation stands at $115 billion, higher than that of listed rivals such as Barclays and NatWest.

Questions remain, however, over whether the bank can maintain its rapid expansion. Its revenue per customer is well below that of competitors, and it is also unclear what share of its customers use it as their main account and have their salaries paid into it.

Regulatory and operational scrutiny

The company’s rapid growth has attracted regulatory and operational attention. In 2025, Lithuania’s central bank imposed a record €3.5 million fine over shortcomings in transaction-monitoring controls. This month, Revolut was also among the financial firms affected by an outage at Google Cloud that lasted several hours.