Revolut has launched unsecured personal loans in the UK, expanding its banking offering as it seeks to become customers’ primary bank. The product will initially be available to selected users before gradually rolling out across Revolut’s 14 million UK customers.

Loans range from £2,000 to £25,000, with interest rates between 6.9% and 29.3%. Revolut also plans to introduce credit cards and eventually enter the UK mortgage market, further expanding beyond its core payments and subscription products.

Source: reuters.com