Revolut is planning to roll out mortgage services for Irish customers by later this year, according to reports.

The online banking giant will initially offer home loans via its app, supported by telephone assistance, but may also explore working with brokers in the future.

Sources told The Irish Times that Revolut aims to make the application process much “slicker” and less “unwieldy” compared to traditional lenders.

The fintech, which holds its eurozone banking licence in Lithuania, began market testing its mortgage offering there earlier this month and has already issued some loans.

Joe Heneghan, CEO of Revolut Europe, said the company is targeting a launch in Ireland during the final quarter of 2025.

With three million customers in the Republic, Revolut is well placed to take on the country’s major banks, which accounted for 92% of the €12.6 billion in mortgages issued last year.

The mortgage market is also seeing new competition from firms like Avant Money, ICS Mortgages, Nuá Money and MoCo.

Revolut, which operates in 42 countries with over 50 million customers, posted a 129% surge in net profits last year, reaching £790 million (€922 million).

Reported by m10news