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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.92 (122 reviews)

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4.92

Based on 122 reviews, last reviewed 6th Mar 2026

800% 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

I have had no problems with this bank in all these y... I have had no problems with this bank in all these years, I only use Monzo for my funds, they are the best Reviewed on: 6th March 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 (122)

Nearly 10 years with Monzo!

Been with Monzo nearly 10 years now, so easy to use, straight forward and reliable service Reviewed on: 12th April 2025

The bank that you enjoy using

needed a small loan to rent a new place after a bad and stressful period. Monzo came through, with the easiest and quickest application - had the money in my account literally 5 minutes later! not only the service is quick and easy, the rates are also competitive! Reviewed on: 10th April 2025

quick answers to loans, all information provided in...

quick answers to loans, all information provided in order to proceed Reviewed on: 10th April 2025

Outstanding customer experience and treament.

Outstanding customer experience and treament. Reviewed on: 10th April 2025

Best overpayment calculator

I had to get a personal loan recently. Monzo made it very clear on how much I could borrow, the calculator is super helpful to compare affordability with length of contract. My favourite feature is the additional payment info - where it tells you exactly how much interest you’ll save by overpaying and it just makes it so easy. Reviewed on: 20th March 2025

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

Easy Payment

You can easily make extra payment on your loan or pay it off using the app. Reviewed on: 18th March 2025

Very easy and simple to use.

Very easy and simple to use. Got the money fast and very easy process Reviewed on: 18th March 2025

Easy to get a loan, very simply layed out.

Easy to get a loan, very simply layed out. Reviewed on: 11th March 2025

Hi, good evening based on my recent experience as a...

Hi, good evening based on my recent experience as a customer. Overall, I have been very impressed with the level of service provided by Monzo. The app’s user interface is intuitive and user-friendly, making it easy to manage my finances on the go. The real-time notifications for transactions are particularly useful, helping me keep track of my spending in a transparent and efficient manner. Additionally, the budgeting tools within the app are extremely helpful in managing my monthly expenses. I appreciate the ability to set spending targets and track my progress in real-time. This feature has significantly improved my financial management. Moreover, the customer support provided by Monzo has been exemplary. Whenever I had a query or needed assistance, the support team was quick to respond and provided clear, helpful solutions. However, I would suggest that Monzo could further enhance their services by expanding their international transaction offerings, such as providing better exchange rates or lower fees for international transfers. This would make the service even more appealing to customers who frequently travel or engage in international business. In conclusion, I am highly satisfied with Monzo Bank and would recommend their services to others seeking a modern and efficient banking solution. I look forward to seeing how Monzo continues to innovate and improve in the future. Thank you for providing such an outstanding banking service. Sincerely, Adel AbdulQwai Reviewed on: 4th September 2024

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