Revolut offers personal loans in Ireland with a competitive variable APR starting at 6.5%. Borrow up to €30,000 for periods ranging from 1 to 5 years. There are no hidden fees or extra charges involved. This makes it easy to understand exactly what you’ll repay each month. Approval is fast and the entire process occurs in-app for greater convenience.

If you’re considering a €15,000 loan, for example, typical repayment over 5 years at 6.5% APR would be approximately €292 per month, totalling around €17,530. The exact rate and offer depend on your personal credit profile. All eligibility checks and approvals are managed digitally. Applicants should be 18 or over, residents in Ireland, and must have used the Revolut card for over 30 days.

How to Apply: Step by Step

1. Open or update your Revolut app and ensure you have an Irish address and number registered.

2. From the home screen, tap ‘Accounts’, then ‘Add new’, select ‘Credit’ and start your application.

3. Complete the digital form and submit. A credit check will take place and you’ll receive a quick decision.

4. If approved, review your offer; accept to have funds deposited directly into your Revolut Euro account.

5. Repayments are then automatically debited on your chosen date each month.

Pros

The process is fully online and tailored for speed. There’s no paperwork or in-person meetings required. The terms are clear with no hidden costs.

Transparency stands out: you see your total cost up front before you sign anything, making budgeting straightforward. Fast digital approval also avoids long waiting times.

Cons

Eligibility requirements are somewhat strict. You must have salary paid into Revolut or select Irish banks for at least 3 months, limiting access.

Bad credit applicants are unlikely to be accepted. Additionally, loan offers depend on your credit profile and may vary from advertised APRs.

Verdict

Revolut’s personal loans are a solid, tech-driven option for those who meet eligibility. Attractive rates, no extra fees, and a seamless application suit modern borrowers seeking clear terms. However, restrictive criteria may mean not everyone qualifies. Review all terms in-app to secure the offer that best fits your needs.