Write a review

Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.93 (104 reviews)

View other Monzo products

4.91

Based on 104 reviews, last reviewed 11th Mar 2025

No new 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:

4

Easy to get a loan, very simply layed out. Easy to get a loan, very simply layed out. Reviewed on: 11th 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

Read all reviews See your review

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 (104)

Review of the Monzo, Personal Loan:

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

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

Excellent service

Everything always fast done , had no problem Reviewed on: 4th March 2023

Upfront, honest and easy to arrange

Monzo has always been easy to use. Upfront and honest about credit and rates, they support you to find the best product for you by being transparent with all the details. It was easy to arrange my loan, with the agreement and deposit of the money in my account taking place within hours. I Reviewed on: 4th March 2023

Monzo is the simplest and most efficient bank I've ever dealt with.

I applied for a loan through their app. It was processed and sorted very quickly with no fuss. Reviewed on: 4th March 2023

Spoon full of sugar

This bank has made everything so simple, from getting the account to getting a flex account to a loan. It has without fault been the easiest of experiences and also found that it's nice to have a trusting bank where customer service are also very good. You know where you stand with Monzo and nothing is too trouble to understand. There's no silly going the bank to verify etc, it's all convenient on one app. One word to describe.... Outstanding. Reviewed on: 4th March 2023

super easy

I like how easy it is to track and pay in advance. Reviewed on: 3rd March 2023

Do you have a different Monzo product?

Share your experiences with products to help others make smarter financial decisions and learn more about different products available. Write a review

Alternative products

Personal Loan
from RBS 3.96 from 10 reviews
Personal Loan
from Nationwide 4.12 from 38 reviews
Personal Loan
from Ikano Bank 1.91 from 36 reviews

There's still more to see!

Monzo has a range of products available. Check the ratings of each product to find the right one for you. View all products

Join Smart Money People

Keep up to date on ratings of your favourite businesses. Find out about our awards and write new reviews with ease

Create an account

News, guides and insight from our team

View resource hub