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Monzo: Personal loan reviews

Name: Personal loan
Rating: 4.80 (130 reviews)

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4.80

Based on 130 reviews, last reviewed 11th Jun 2026

40% decrease 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

Monzo the greatest bank Monzo the greatest bank, helping Po eple escape poverty, Reviewed on: 11th June 2026

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 (130)

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

Best bank and the best loans

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

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

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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