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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.94 (108 reviews)

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4.90

Based on 108 reviews, last reviewed 20th Mar 2025

400% 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

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 w... Read more Reviewed on: 20th March 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.

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Monzo Personal Loan reviews (108)

Great bank

Brilliant app and bank easy to use Reviewed on: 4th March 2023

Easy and efficient service

I switched my loan from tsb to Monzo and it could not of been easier. Easy to understand and edit your loan on the app. Definitely recommend! Reviewed on: 4th March 2023

Monzo Banking

So I been with Monzo for around a year now and it's been a fantastic experience they have so many cool and safety in mind features to choose from and so many cool designed cards I cannot stress enough how much easier it's to bank now Reviewed on: 4th March 2023

Simply the best!

Monzo has been an amazing account and I couldn’t recommend it enough! From the design the layout to the features. I have Monzo premium and I would recommend getting this as it is £15 a month however you get benefits such a world wide travel insurance which is handy for someone like me who always travels, phone insurance and many more. Reviewed on: 4th March 2023

The best personal loan

Monzo Personal Loan is an excellent choice for those looking for an affordable and effective way to borrow money. The application process is quick and simple, and the interest rates are competitive. The costumer service team is both knowledgeable and friendly, and they are always quick to respond to inquiries. Monzo Personal Loan's commitment to transparency and providing customers with the best possible service makes it great choice for anyone looking for a personal loan. Reviewed on: 4th March 2023

Why choose Monzo

I have never come across banking that is so easy convenient and friendly. Everything you want is on the app. You have no worry about making a phone call. Applying for a loan is as easy as just checking your balance. I made the application and in 5 minutes literally the money was in my account. ! I can never recommend this bank enough! Thank you Monzo team. Everything about your bank is what the world needs in terms of banking. Reviewed on: 4th March 2023

Excellent bank

I could not believe how easy and very quick the process was to apply for a loan, and the money was in my account so fast after the loan had been approved, never known anything done so fast from beginning to end Reviewed on: 4th March 2023

Easy and quick

Monzo is the stress free way to bank. Everything is simple from setting up accounts to loans. You can get help when you need it and I always feel like I’m getting the best deals. Wether that be on holiday transactions or the flexibility of paying back loans early without being penalised but actually rewarded for it! Reviewed on: 4th March 2023

Hassle free

Incredibly straightforward, quick application process & funds are available immediately. Reviewed on: 4th March 2023

Seamless and hassle free

It was easy to get my loan approved. Reviewed on: 4th March 2023

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