Revolut has quickly become a household name in Australia’s fintech scene, offering users everything from multi-currency accounts and budgeting tools to crypto trading and international transfers.
But one of the most exciting features for Australian users in 2025 is the ability to apply for a personal loan directly through the Revolut app — in just minutes.
Here’s how Revolut’s loan feature works, who can apply, and how it compares to traditional Australian bank loans.
Can You Get a Loan Through Revolut in Australia?
Yes — as of 2025, Revolut offers personal loans in Australia, giving users fast and flexible access to credit without the paperwork and delays typical of traditional banks.
Revolut’s loans are issued in partnership with regulated Australian lenders under ASIC (Australian Securities and Investments Commission) oversight, ensuring compliance and consumer protection.
The loan process is 100% digital: you apply through the Revolut app, get a decision within minutes, and — if approved — receive the funds directly in your Revolut account.
Step-by-Step: How to Apply for a Revolut Loan
Applying for a Revolut loan in Australia is simple and takes only a few taps:
- Open the Revolut app and log in.
- Tap the “Credit” or “Loans” section from the dashboard.
- Select “Apply for a Personal Loan.”
- Enter your desired loan amount and repayment term.
- Review the estimated interest rate and total repayment shown upfront.
- Complete a short pre-qualification (a soft credit check that doesn’t affect your score).
- If approved, confirm your loan offer — funds are usually available within 1–2 business days.
Everything happens inside the app — no paperwork, phone calls, or branch visits.
Loan Eligibility Requirements for Australians
Revolut loans in Australia are available to eligible Australian residents who meet basic financial and credit criteria.
To qualify, you must:
- Be at least 18 years old and reside in Australia.
- Have a verified Revolut account with full KYC approval.
- Show consistent income or employment.
- Maintain a reasonable credit score (typically 650 or higher).
- Have an Australian bank account linked for repayments.
Revolut may also consider your account activity, transaction history, and spending behaviour to personalise loan offers.
Interest Rates and Repayment Schedule Explained
Revolut offers fixed-rate personal loans in Australia, meaning your monthly repayment remains the same throughout the term.
Typical loan terms and rates (subject to credit profile):
| Credit Score | Loan Amount | APR Range | Loan Term |
|---|---|---|---|
| Excellent (750+) | A$10,000–A$50,000 | 6.17% – 9.99% p.a. | 1–7 years |
| Good (700–749) | A$5,000–A$30,000 | 9.99% – 14.99% p.a. | 1–5 years |
| Fair (650–699) | A$2,000–A$15,000 | 14.99% – 19.99% p.a. | 1–3 years |
There are no setup or early repayment fees, and Revolut shows the total repayment cost upfront — no surprises later.
You can set up auto-payments directly through your Revolut balance or a linked bank account. The app also sends reminders before each due date to help you stay on track.
Revolut Loan vs Australian Bank Loan Comparison
| Feature | Revolut Loan | Traditional Bank Loan |
|---|---|---|
| Application | 100% online (in-app) | Online or in branch |
| Approval Time | Minutes | Several days |
| Credit Check | Instant, automated | Manual assessment |
| Early Repayment Fee | None | Common |
| Transparency | Full cost shown upfront | May vary |
| Support | 24/7 in-app chat | Limited business hours |
Verdict:
Revolut loans are ideal for Australians who value speed, simplicity, and transparency. However, traditional banks like NAB, CommBank, and Westpac may offer larger loan limits or lower rates for long-term financing.
What to Do If Your Loan Is Rejected
If your Revolut loan application is declined, it’s not the end of the road. Try these steps:
- Check your credit score with Equifax or Experian.
- Pay down existing debts and reduce your utilisation rate.
- Use your Revolut account actively — income deposits and regular transactions help demonstrate reliability.
- Reapply in a few months, once your financial profile improves.
- Consider alternatives like Prospa, PayPal Working Capital, or CommBank personal loans.
Revolut may re-evaluate your eligibility automatically after a period of consistent account use.
Benefits of Using Revolut for Personal Finance
Beyond lending, Revolut helps Australians manage their money smarter:
- Instant international transfers at real exchange rates.
- Budget tracking tools and spending analytics.
- Crypto and stock investments directly in the app.
- Savings vaults with competitive interest rates.
- 24/7 support and one-tap control of your finances.
Combining these tools with flexible lending makes Revolut one of the most complete digital banking ecosystems in Australia.
👉 Next article: Compare Today’s Best Revolut Rates