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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

100% 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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Monzo Personal Loan reviews (114)

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

I'm going to make a cake for Mary's birthday.

working with people and want to help them understand their insurance better. I've always been a strong communicator, and I excel in resolving problems and teaching others Reviewed on: 11th April 2023

Amazing

Amazing service and very easy to use Reviewed on: 9th April 2023

Good job

I'm totally recommend Reviewed on: 8th April 2023

Clear & Straightforward Loan

My loan was easy to set up & understood every step in the process. Communication was clear and quick. The process of payments and setting exactly where the loan is at its great. Would use again and recommend to others Reviewed on: 7th April 2023

Great Banking App

Monzo is a fast and efficient banking app. Excellent and easy to navigate with lots of different banking options. I have never had to contact customer services so not had the experience of dealing with that but all over great banking. Money is safe and secure and easy to access. I applied for a personal loan and within minutes had a decision and within hours it was in my account. Great service. Reviewed on: 7th April 2023

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