15,000 EUR loan

Yes, it's possible to get a personal loan within the same day. The loan application process generally takes less than 3 minutes. You just need to answer a few questions. We aim to have a decision for you within a few minutes. We may ask for additional proof of income, which could delay our decision. If that happens, we'll contact you straight away, and you'll receive our decision within 24 hours after you submit all necessary documents.

You likely won't be eligible for a loan if you don't have any work experience. To qualify, you need regular income that's either documented in SODRA or verified via eligible proof of income, such as bank statements or tax returns. You need at least 4 months of uninterrupted income history. Our duration requirements may be longer for some income types. We'll also carry out a credit check to evaluate your credit history.

To be eligible for a loan, you need to be over 18 years old, a resident of Lithuania, and a Revolut Bank UAB customer. You also need a passport, identity card, driving licence, or residence permit (either permanent or temporary) issued in Lithuania.

We carry out a credit check using credit reference agencies that we've selected. This will leave a search record on your credit history and may impact your credit score. If you apply for a family loan or family credit card, we’ll run a credit check on your spouse after they authorise us to. For personal loans, we don’t carry out credit checks on your partner or spouse.

Here are some of the criteria you need to meet to receive a loan.

• You need regular income that's either documented in SODRA or verified via eligible proof of income, such as bank statements or tax returns.
• You need at least 4 months of uninterrupted income history. For some income types, our duration requirements may be longer.
• Your (and your family’s) monthly expenses for existing financial obligations can't be more than 40% of your monthly income after tax. If you're married and you apply for a personal loan or credit card, your monthly expenses for existing personal financial obligations can't be more than 20% of your monthly income after tax.
• You need an acceptable credit history. We'll carry out a credit check.

We make our decision based on an overall evaluation of your credit history, financial capacity, and income stability. Check out our Help Centre to learn more about how we determine your loan eligibility.

If you're struggling to make a repayment or think you might struggle to do so in the future, please contact us via chat or email. We’re here to help, and we’ll discuss ways you can manage your repayments. If you miss a payment, you'll need to pay penalty interest. We may also report your missed payments to the credit bureau. This might show up in your credit file and negatively impact your credit history. If you don’t have any late payments, you can ask us to postpone your loan repayments up to 3 months. If you have one missed payment, we'll ask you to pay your overdue interest and penalties for the loan before we can consider your request. To determine whether we can postpone your repayments, we need to know what circumstances have changed and why you're unable to repay your loan. During this grace period, we'll only ask you to pay interest.

Your loan period can range from 3 months to 120 months.

You’ll repay your loan in equal instalments on the same date every month throughout the term of your loan. Your term can range from 3 months to 120 months. We'll collect your repayments on the same date every month throughout the term. We'll charge your first repayment at least one month from the date the loan was paid into your account. We’ll take the repayments directly from your Revolut euro account. If there's not enough money in your euro account, we'll charge your backup card. If there's still not enough money on your card, you'll start accumulating overdue interest. Learn more about loan repayments in our Help Centre.

You need a minimum of 4 months of uninterrupted income history to be eligible for a loan. For some income types, the minimum duration of income history may be higher.

To apply for a loan or credit, here's what you have to do.

1. Download the latest version of the Revolut app from the App Store for iOS or the Google Play Store for Android.
2. Go to Accounts under your balance and tap Add new.
3. Tap Credit, then select Credit cards or Loans, depending on the type of credit you want to apply for.
4. Fill out the online assessment and submit your application.
5. If we don't need any additional documentation, you'll receive our decision in minutes. Otherwise, we'll let you know what other documents we need to determine your eligibility.