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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.93 (119 reviews)

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4.91

Based on 119 reviews, last reviewed 14th Feb 2026

500% 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

Amazing they are very helpful the only bank that hel... Amazing they are very helpful the only bank that helped me loads of perks always Reviewed on: 14th February 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 (119)

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

Extremely satisfied.

Monzo has massively helped me sort out my financial issues. It offered me considerable options to pay off my bills. Will highly recommend this to my family and friends. Reviewed on: 13th April 2023

Easy to apply loan

Mani high street bank lent me way below what Monzo offered me, and would penalise me if I were to pay off early in any aspect. Monzo allowed me to apply for a higher loan, lower interest, and allows me to pay off early at any time with no financial penalty. So easy to use and see within the app! Reviewed on: 12th April 2023

Excellent

Excellent banking services and modernised operationalisation Reviewed on: 11th April 2023

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