Virgin Money's personal loan product once stood out for its clear pricing structure and absence of early repayment charges, making it a popular choice among borrowers seeking flexibility. With APRs ranging from 5.1% to 29.9%, it catered to a broad spectrum of credit profiles, which could be appealing for those in the process of building their credit. The straightforward online application process was also a significant advantage, providing instant approval in many cases.

However, it's essential to highlight that Virgin Money is no longer accepting new loan applications following its integration with Nationwide. This change might leave existing customers uncertain about the future management of their loans, as they will now need to transition to Nationwide's services. Those looking for a similar loan structure will need to consider Nationwide's offerings, which now require a precondition of holding a Nationwide account for at least 14 days. While Virgin Money had its merits, prospective borrowers should assess their options carefully, especially in light of this recent transition.