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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.93 (114 reviews)

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4.88

Based on 114 reviews, last reviewed 26th May 2025

100% decrease in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

95%

3 star

2 star

Latest highest rating:

4

Good company, helped me pay for birthday for my daug... Good company, helped me pay for birthday for my daughter Reviewed on: 26th May 2025

Latest lowest rating:

1

Poor Loan Service too expensive compared to competitors I was granted for a loan up to £16k but the APR was expensive. I managed to get one with a competitor for 4.9%. How can we support a bank we are co... Read more Reviewed on: 12th March 2023

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About this product

Monzo personal loans are available for up to £25,000.

In the Monzo app, your loan sits alongside your pots, so you can see the progress you're making. You can also give it a name and add an image of your choice.

Monzo personal loan reviews help you find out what it’s really like to be a customer. If you’ve used Monzo before, you can also leave a review and share your experience.

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Monzo Personal Loan reviews (114)

Easy to apply for, manage and would highly recommend

I think my all round experience as a Monzo customer has been a level above any other bank that I have experienced, could not recommend enough! Reviewed on: 3rd March 2023

Amazing

Monzo is the best bank I have ever had. It is easy to use. Good for begginers. Very good and efficient customer service. I am a happy customer Reviewed on: 3rd March 2023

Easy to manage

Getting the loan was easy as they already had enough information to preapprove a certain amount. I also appreciate the way the app lets you manage your payments including and the fact that there are no penalties for paying your monthly installment early. Reviewed on: 3rd March 2023

One of the best banks in uk

I have the most best amazing experience with monzo I swear just can’t express in my views just get the account and feel it your self.. Reviewed on: 3rd March 2023

Customer-focused great loan

The loan came like a dream and I didn't believe it. I had to leave the money untouched for 24 hours in case it was a mistake. But it was real and the interest rate was very reasonable and competitive. Reviewed on: 3rd March 2023

Incredible service!

Amazing service. Easy to use and extremely helpful thanks monzo!! Needed the loan to improve the living room and kitchen. Reviewed on: 3rd March 2023

Excellent

So flexible and also understanding, more than a normal bank Reviewed on: 3rd March 2023

Your are my number 1!!

Excellent service friendly staff whenever need to speak to someone and the app is really easy navigate. Definitely will recommend to family and friends Reviewed on: 3rd March 2023

Straight forward loans

The whole experience was so simple. Everything was laid out very clearly. I felt in control of the amount I borrowed, the length of time to pay back. Very happy with service. A bank I'm very confident of dealing with Reviewed on: 3rd March 2023

Monzo is by far the best Bank

I've now been with Monzo for my main account for 5 years and whilst I have other traditional and digital accounts it is still the main one for me and for many reasons. Great customer service, easy to use app and products as well as a great UI Reviewed on: 3rd March 2023

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