Revolut expands its UK banking business, launches personal loans

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Revolut has launched its first credit product after obtaining a UK banking licence, offering users unsecured personal loans. Loan amounts range from £2,000 to £25,000, repayable over 1 to 5 years, with funds arriving almost instantly after approval and no fee for early repayment; the product will be rolled out in phases and is currently available only to some of its 1,400 万 customers.