Virgin Loan
Full product details for the Virgin Loan, including loan details, application criteria, rates, suitability, fee & charges, example costs, facilities, restrictions and incentives.
This product is no longer available...
Virgin no longer provide any loans. Compare loans from other providers, or use the options to the right.
Virgin Loan Features & Benefits
| Loan Type | Unsecured | |
| Minimum Loan | £2,000 | The minimum advance is £2000. |
| Maximum Loan | £25,000 | The maximum advance is £25000. |
| Minimum Loan Term | 1 year | The minimum loan term is 12 months. |
| Maximum Loan Term | 7 years | The maximum loan term is 84months (available in six-month intervals, so you could take out, e.g., the loan for 4.5 years) . |
| Headline Representative APR | 8.9% | 8.9 |
| Headline Representative Loan Amount | £7,500 to £14,950 | |
| Early Repayment Charge | 1 month | The early redemption charge is equivalent of 1 month interest. |
| Deferred Start | 1 month | 1 months |
| Debt Consolidation | yes | The loan can be used to buy anything or even to pay off other more expensive loans or credit cards. |
| Express Delivery | yes | Optional £50 fee for courier service, including Clearing House Automated Payment Service (CHAPS). Optional £25 fee for CHAPS (for faster receipt of funds). If you take either of the above services, the fee will be deducted from the loan amount. |
| Credit Rating | good | Most suited to individuals who have an average income and a recent credit history free from credit defaults, arrears, CCJs or missed payments. The majority of applicants can be described as having a good credit rating. |
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