Your personal loan is getting a Virgin Money makeover
All-new look, same loan. Nothing else is changing
We've joined forces with Virgin Money and the team has been busy behind the scenes to bring the brands together and create one brilliant bank under the Virgin Money name.
From August 2020, your personal loan will be rebranded to a Virgin Money personal loan. We're taking care of everything so you won't need to do a thing. You’ll still make payments as usual and manage your loan account as you do now.
Just remember
- Your monthly repayments stay the same.
- There's no change to the date you make your monthly payment.
- The date your loan ends stays the same.
- There's no change to the terms and conditions.
- If you have a temporary payment holiday on your personal loan, this will remain in place.
Managing your Personal Loan
Pay back more or repay early
You can pay additional amounts to your loan to save interest. Please remember that up to 58 days interest on the amount you repay will applyGo to footnote [1].
If you’d like to know more, speak to the customer service team on 0800 707 6471, Mon - Fri 8am to 8pm, Sat 9am to 5pm.
Change your payment details
Our lending team can help you with any changes you’d like to make to your payment details. You can reach them through the customer service team on 0800 707 6471, Mon - Fri 8am to 8pm, Sat 9am to 5pm.
Monitor and manage on the go
You can monitor your loan balance on the Yorkshire Bank mobile app, using internet banking, over the phone or by visiting your local branch.
Request a payment holiday on your personal loan
If you are experiencing financial difficulties due to the current coronavirus situation, you can request a payment holiday of up to three months on your Yorkshire Bank personal loan.
If you’d like to borrow more
We know that sometimes things can cost more than you thought they would — maybe your home improvements have gone over budget, or you’d like just a little more to spend on that special occasion.
Provided you’re sure you can meet the additional monthly repayments, you can apply to increase your loan in two ways:
A new, separate loan
If you choose this route, you’ll still have your existing loan, and a new, additional loan from Virgin Money — that means two separate repayments, which may be at different times. We’ll treat the loans individually, but remember, all the communications you get from us about either one will show the Virgin Money brand from now on.
A new loan
Your second option is to borrow enough to repay your existing loan, plus the additional amount you need. Remember, up to 58 days interest will apply on the amount you repayGo to footnote [1] on your existing loan, so you’ll need to factor that in. You’ll then have just one loan, with one repayment, from Virgin Money.
Now that we’ve joined forces with Virgin Money, we're no longer accepting applications for the Yorkshire Bank personal loan. But don't worry, if you already have a loan with us you'll still be able to manage it like you did before. You can also apply for a new personal loan with Virgin Money.
Virgin Money personal loans
If you’d like to make a new loan application, you can do this with Virgin Money.
Got any questions?
[1] You can repay your loan in full and in part at any time and we'll reduce the total charge for credit payable under the agreement. When calculating this reduction, we will charge up to an additional 58 days' interest on the amount you repay. You will need to contact our Customer Services team to inform us of your intention each time you wish to make an additional payment. Our team will be able to provide you with options on how to make this payment.
You can find impartial information and guidance on money matters on the “Money advice service” website.
Yorkshire Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.