How long does the application assessment process take?
You can complete an application and get approved for a Revolut loan (if eligible) in four simple steps:
Step 1: Get a quote in 1 minute.
We only need some basic personal information about yourself to provide you with your personalised rate, and estimated repayment amount. It only takes 1 minute and doesn't impact your credit score.
Step 2: Complete the application in minutes.
If you're eligible and would like to proceed, you'll then need to download and log into the Revolut app to complete your application. This will involve filling out a short questionnaire and then submitting it for assessment, including providing proof of citizenship/permanent residency, 90 days of bank statements, and other supporting documents.
Step 3: Our team will aim to get back to you in 1 business day.
We aim to process applications as fast as possible, and most applicants will hear back from us within the next business day. The time it takes for us to assess your application will depend on how accurately you complete the application, whether you've submitted the required documents, and how quickly you respond to our follow-up questions.
Step 4: Accept final offer and get your funds instantly.
If your application is approved, you'll be notified by email, push notification, and in-app. Once you accept the loan agreement, you’ll receive your funds into your Revolut AUD Personal Account instantly.
Get your quote today!
Remember to complete your application before it expires. You can turn on notifications in-app to receive the expiry reminders. Once your quote or application expires, you can start over again, and you'll be assessed based on the latest information.