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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

900% increase 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)

Cares

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

Best loan management interface

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

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

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

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