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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.92 (125 reviews)

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4.92

Based on 125 reviews, last reviewed 25th Mar 2026

1100% 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

Vedy good servise.perdect Vedy good servise.verynice servise Reviewed on: 25th March 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 (125)

Review of the Monzo, Personal Loan:

Best Bank about!

I love how user friendly and easy to manage my loan is on the app. Customer service and experience is second to none. Reviewed on: 3rd March 2023

About the safety of my money

I ordered the delivery of the goods by mail. I received an email from the delivery company saying that I need to pay extra money to receive my package. And I have to give my card number. And I did it. Only then did it seem strange to me and I suspected that maybe they were scammers. I informed my bank about it. Bank employees quickly blocked my card, and a few days later sent a new card. I haven't lost a penny. I have now recommended Monzo for my son. He is 17 years old. Reviewed on: 6th April 2023

Flexibility and transparency

Complete control over how I choose to repay my loan and no fees for paying early. It was very quick and easy to apply with all information given upfront. 10/10 experience. Reviewed on: 6th April 2023

Easy to understand loans

Monzo offers very easy to understand loans, with all the information you need to make an informed decision about your loan UP FRONT. It's all written in plain English, and it's super clear what you are going to pay monthly. Reviewed on: 6th April 2023

Best among the best

It’s easy to use. It offers amazing security and what thrills me the most is the instant customer response . Reviewed on: 6th April 2023

A flexible loan that you control

I took a monzo loan as it has not early repayment fees. I took the minimum amount needed for the cheapest rate and then paid back the amount I did not need saving me on interest. I have made payments early and overpayment all saving me interest it really is the future of loans Reviewed on: 6th April 2023

Very good

Muito bom todos os dias Thanks very much Reviewed on: 6th April 2023

Fabulous

Personal loan was a life saver and I received it in less than 5 minutes Reviewed on: 16th March 2023

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 compassionate about and want to grow when they rip you off in interest. I am looking at moving away from Monzo Reviewed on: 12th March 2023

Great digital bank

Happy with everything, not an issue so far Reviewed on: 8th March 2023

Loan for car purchase

Easy to set up and very clear messaging on the installments Reviewed on: 8th March 2023

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