At a recent in-person press conference in Paris hosted by Antoine Le Nel, vice president of growth at Revolut, Le Nel stated that consumer loans will be available to its 2 million+ French users from the 30th of May, according to Finextra.
Revolut have already launched this offering in a number of other markets, including Ireland, Lithuania, and Romania. However, Revolut Loans will be a new feature in France.
The Revolut Loans offering will be available exclusively to French residents with zero opening fees, and thanks to Revolut’s use of open banking, hardcopy paperwork will not be required to submit loan applications. Users will have almost instant feedback on their request.
Loans size will span amounts ranging from €1000 to €50 000, with a duration of 3 to 84 months at effective interest rates ranging from 3.90% to 21.12%.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
