Who can apply for the Revolut unsecured loan?
Before applying for the Revolut unsecured loan, it’s important to understand the eligibility criteria. The loan is available to Australian citizens or permanent residents aged 18 and over. Please note: temporary residents are not eligible.
Applicants must have a good credit history, a minimum income of $2,000 per month after tax (roughly equivalent to $26,000 per year before tax), and be employed for at least 3 months – or self-employed for at least 1 year. Your ability to repay the loan will also be assessed to ensure responsible lending practices are met.
The Revolut app
An initial quote can be obtained online in around 1 minute without needing to download the app. However, to proceed and formally apply for the Revolut unsecured loan, you will need to download the Revolut app and complete the identity verification process – have your passport or driver’s licence handy to speed things up.
Existing Revolut customers can skip this step. To complete the full assessment, you will need to provide: proof of Australian citizenship or permanent residency, bank statements from the last 90 days, payslips if requested, and – for self-employed applicants – your most recent tax return. The assessment takes 1 to 3 business days.
Tips for you!
Before apply for the Revolut unsecured loan, get your personalised quote first – it only takes a minute and could make a real difference to your decision-making. Take your time when choosing a repayment term: shorter terms mean less total interest paid, while longer terms result in lower monthly repayments.
Make sure your repayments fit comfortably within your budget, accounting for any establishment fee and unexpected expenses that may place additional demands on your income. Keep in mind that the rate you receive may vary depending on the term you select.
Steps to apply for the Revolut unsecured loan
To apply for the Revolut unsecured loan, download the Revolut app to complete your application and wait for a response within 1 to 3 business days. Only after that approval will you be able to receive the funds instantly into your Revolut account.
Click below to be directed to the institution’s official website and take the first step!
Utua is not a financial institution and does not grant loans. Our role is to analyse credit products available in the Australian market to help you make a more informed and confident decision. Any application is made directly with the financial institution of your choice.
