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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.93 (107 reviews)

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4.91

Based on 107 reviews, last reviewed 18th Mar 2025

300% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

96%

3 star

2 star

Latest highest rating:

5

Easiest to apply had money in my account in 5... Easiest to apply had money in my account in 5 minutes Reviewed on: 18th March 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.

Monzo Personal Loan reviews (107)

Review of the Monzo, Personal Loan:

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 compassionate about and want to grow when they rip you off in interest. I am looking at moving away from Monzo Reviewed on: 12th 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

Amazing

Since switching to monzo I have been given a new window into my money and financial arrangements and it’s been GREAT! Reviewed on: 3rd March 2023

Easy and fast

Needed a loan to consolidate my other debts Monzo was definitely the right place quick and easy to process and money in the bank within 2 mins thank you monzo Reviewed on: 3rd March 2023

Quick and easy

Just need to clear up few details and the credit score it’s so easy and quick to get a loan in Monzo then other banks Reviewed on: 3rd March 2023

Best Bank about!

I love how user friendly and easy to manage my loan is on the app. Customer service and experience is second to none. Reviewed on: 3rd March 2023

No fuss loan fast

I've been with Monzo about 5 years now, best bank hands down, loan was easy to apply for with a quick decision, well recommended. Reviewed on: 3rd March 2023

Excellent

Excellent !!!! fast , easy and clear service very safe I recommend everyone to have a Monzo bank account Reviewed on: 3rd March 2023

Best service ever!

I took a Loan with Monzo, and it was simple and easy….and best of all: A decent interest rates. Thanks for helping me out when I needed you the most. Reviewed on: 3rd March 2023

Great friendly and helpful

As a monzo customer I have used a range of their services all of which have been second to none. Every agent I have had contact with had always helped solve my queries and set up payment plans suitable to my needs Reviewed on: 3rd March 2023

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