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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.94 (113 reviews)

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4.91

Based on 113 reviews, last reviewed 14th Apr 2025

900% 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

Easy and quick application process. Easy and quick application process. Good explanation on what the product is and how it works. Very efficient to use and you can make partial early rep... Read more Reviewed on: 14th April 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 (113)

Review of the Monzo, Personal Loan:

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

Both my wife and I have a joint account and our priv...

Both my wife and I have a joint account and our private accounts. A brilliant app that shows instant trace on all transations. Its secure & easy to use. I love the way it instructs us on "The next transaction must have the secure pin used" rather than constant tapping. Reviewed on: 15th April 2024

They are very good for taking out loans

They are very good for taking out loans Reviewed on: 25th March 2024

Simple, easy, done.

Simple, easy, done. Issues resolved rapidly. Not the best for savings rates etc., but everything else is great. Reviewed on: 15th March 2024

Flexible to all peoples and nice experience too.

Flexible to all peoples and nice experience too. Reviewed on: 1st February 2024

Very fast qoute,and money in account in seconds

Very fast qoute,and money in account in seconds Reviewed on: 1st February 2024

Easy to manage loans but with a high interest rate.

Interest rates with Monzo loans are expensive and not competitive Reviewed on: 1st February 2024

Very monzo bicoastal I need many price gouging up

Very monzo bicoastal I need many price gouging up Reviewed on: 19th January 2024

Love my bank.

Love my bank. Have my business account here too. Love the features love the ease love the card Reviewed on: 15th January 2024

Pre approval loan

Super quick, no unnecessary credit checks before acceptance. Good rates, clear information Reviewed on: 4th July 2023

More flexibility over my money

It's so simple getting out a personal loan with Monzo, and it only takes seconds to get your money. You can also pay back early through the app any time. There's more transparency with your money. My only criticism is that the interest rates available are less competitive than other providers. Reviewed on: 22nd June 2023

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