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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.93 (115 reviews)

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4.89

Based on 115 reviews, last reviewed 22nd Jan 2026

100% 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

MONZO Bank best on market When TSB REFUSE ME for no reason MONZO helps me straight up. Best bank i ever use i have personal account since 2019 Reviewed on: 22nd January 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.

Monzo Personal Loan reviews (115)

Review of the Monzo, Personal Loan:

OK

Everything is all right,I will always use Monzo Reviewed on: 5th March 2023

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

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

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