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Monzo: Personal Loan reviews

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
See only 5 star reviews
96%
See only 4 star reviews
3%
3 star
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0%
2 star
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0%
See only 1 star reviews
1%

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
William C's avatar
William C

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
Nickb's avatar
Nickb

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

1
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

Best bank and the best loans

5
I have a Monzo loan and this is the only bank that provides cash back each month. So not only do I get a good rate but I’m also getting money back that I pop into my savings. Need I say more. Keep it up Monzo Reviewed on: 3rd March 2023

Super easy application

5
The application was super easy and approved instantly, highly recommend Monzo Loans. Reviewed on: 3rd March 2023

Cares

5
Me care about my parents to need help with my Reviewed on: 28th February 2023

Best loan management interface

5
Wow - never had such a great personal loan management experience (had 4 different providers) Reviewed on: 19th February 2023

Brilliant, flexible, everything you could ask for

5
I took out a £10k personal loan with Monzo. Not only was it provided at a very competitive interest rate, but you get full view of it in the app. You can pay back more than your monthly payment easily, and you are shown what the effect of this would be on the overall interest charged. You can even pay it all back early if you no longer need it. If only all credit was managed this way.. Reviewed on: 18th February 2023

The best app-based loan

5
The Monzo loan service is by far the best available Reviewed on: 15th February 2023

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