Virgin Money has established a reputation for providing personal loans with clear and straightforward pricing. With an APR range from 5.1% to 29.9%, the loans accommodate a variety of credit profiles, particularly those who are building their credit. The minimum loan amount starts at £1,000, with the maximum set at £25,000, and terms range from 12 to 60 months, offering flexibility to borrowers. One significant advantage is the absence of early repayment charges, allowing borrowers to pay off their loans without incurring additional costs.

However, it is essential to note that Virgin Money is no longer accepting new applications for personal loans as of April 2026, due to its integration with Nationwide. This transition means that potential borrowers will need to consider Nationwide's offerings instead, which require a current or savings account with them for at least 14 days to apply. Compared to other lenders that might have more stringent eligibility criteria or higher rates, Virgin Money previously stood out for its straightforward approach. In summary, while the product was appealing, the shift to Nationwide limits options for new borrowers, making it crucial to explore other competitive lenders in the personal loan market.