Important: Yorkshire Bank is now lending under Virgin Money. You can still use this page to calculate the cost of a Virgin Money personal loan.
Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.
Virgin Money offers competitive fixed-rate personal loans from £1,000.00 to £35,000.00 to new and existing customers. You can apply online in 15 minutes, and, if approved, you could potentially receive the funds within 2 hours.
Before you take out a personal loan, it’s smart to read up and shop around. You can use the table below to see how much the loan you have in mind costs with a range of lenders.
A lender that became a trading style of Clydesdale Bank in 2005, Yorkshire Bank was absorbed by Virgin Money in 2018 and is now part of the Virgin Money brand.
Yorkshire Bank has been there for the people of the North of England through thick and thin, and now Yorkshire Bank personal loans are available to people across the country through its online and telephone banking service.
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £3,000.00 to £25,000.00 |
| Loan terms | 1 Year to 7 Years |
| Loan rate type | Fixed |
| Product fee | 0% |
| Same-day funding available | |
| Instant decisions in most cases | |
| Soft-search facility available | |
| Joint applications | |
| Overpay without penalty | |
| Concurrent loans allowed | |
| Topping-up pays off existing loan and initiates a new loan | |
| Repayment methods | Direct Debit |
Yorkshire Bank also states that occasional longer terms (up to seven years) can be arranged for loans over £7,500. That’s provided no more than half of the loan will go towards repaying existing debt held with Yorkshire Bank.
The loans have a fixed interest rate, so with set monthly repayment amounts you can budget with confidence, and know in advance exactly how much the loan is going to cost overall.
A quick response is available online until 10pm, Monday to Friday, and until 6pm at weekends. Funds will be in your account within 5 working days of Yorkshire Bank receiving the required documentation.
If your application for a personal loan is successful, the interest rate you’re offered will depend on factors like your credit rating, income and expenditure. It may differ from the advertised “Representative APR”.
If you’re comparing any credit-based products, it won’t be long before you’ll come across the Annual Percentage Rate (APR). This figure is designed to provide an annual summary of the cost of a loan. It takes into account both interest and any mandatory charges to be paid (for example an arrangement fee) over the duration of a loan.
All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.
Bear in mind, however, that lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.
You can repay your loan early, or overpay, at any time, and may be eligible for a reduction in your overall interest, depending on how early you repay/overpay.
You should only apply for a Yorkshire Bank personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:
It shouldn’t take more than 20 minutes to apply online, and you can save your application to come back to later – handy if you’re just missing one crucial detail. You can also apply over the phone (0800 707 6471). You’ll need to have the following details in order to apply:
There are lots of options available when it comes to personal loans so doing a little research beforehand is key.
Comparing your options above will help you find the best deal for you. If you decide on Yorkshire Bank personal loans, you’ll need to be confident you’re eligible for one of its loans as there’s no soft search available that can indicate whether you’ll be approved or not before you actually apply.
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