Virgin Money Loans

Our handy guide on all you need to know about Virgin Money loans.

Who Are Virgin Money?

British serial entrepreneur Richard Branson founded Virgin Money in the mid 90’s and has offered various different financial services over the years. 

Currently, they offer loans, credit cards, current accounts, savings accounts, mortgages, and a range of other financial products. 

If you are looking to compare loans it is worth looking at what Virgin Money may be able to offer you. 

Who Can Apply For A Virgin Money Loan?

To apply for a Virgin Money loan you will need to meet their lending criteria which are set as follows; 

  • Be an existing customer of Virgin Money, Clydesdale Bank, Yorkshire Bank of B

  • Be aged over 18 

  • Be a UK resident

  • Have not applied for a Virgin Money loan within the last 2 months 

  • Have a good credit history with no history of bankruptcy or had a CCJ in the last 3 years

How Much Can I Borrow?

With Virgin Money, you can borrow from £1,000 to £35,000 depending on your personal circumstances and eligibility. 

How Long Can I Take A Loan For?

Virgin Money offers loan terms from 1 to 5 years. 

How Can I Get A Loan From Virgin Money?

You can apply directly, however, it is always worth using a tool like our loan comparison service to see what offers are available from a range of lenders. Plus, you can make use of our free eligibility checker to see how likely you are to be accepted. 

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What Can I Use An Virgin Money Loan For?

As a personal loan provider, you can use a Virgin Money loan for many things, such as; 

  • A new car

  • To finance a wedding 

  • A holiday

  • Home Improvements 

  • Debt Consolidation 

  • & many other things 

You should check the loan terms for any specific uses that may be excluded. 

How Long Does It Take For Virgin Money Loan To Come Through?

Virgin Money will usually transfer your loan funds to you within 2 hours, or at the very latest the end of the next working day. 

Can I Pay Off My Loan Early? 

Yes, Virgin Money allows you to make extra payments and settle your loan early, however, there may be some charges involved with doing so. You will need to contact them and they will work out how much this will be for you. 

Can I Change My Mind?

Yes, with Virgin Money you can change your mind within 14 days of signing your loan agreement, you will need to contact them directly if you wish to do this.

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