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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.93 (104 reviews)

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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

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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 (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

Simple, flexible and understandable

Monzo really makes things straightforward and easy to use for their customers. I recently took out a loan with Monzo and the process was incredibly easy to manage and terms clear and understandable. I love the flexibility they allow over repayments, both early and extra repayments and their customer service and preference for using plain English is outstanding - you almost wouldn't believe they were a bank! Reviewed on: 3rd March 2023

Easy to use and very clear

It was smooth, fast and probably the best experience I have had from a Bank Reviewed on: 3rd March 2023

Money issues sorted!

I had an awesome experience with Monzo as my money issues were sorted with an ease in a snap of a finger. It gave me a wide range of choices in terms of organising my cash flow for optimum savings and systematic loan terms. I can just rest in the fact that my money is handled properly with Monzo. Reviewed on: 3rd March 2023

Straight forward, zero hassle!!

I have yet to come across a more straight forward, easy loan application and process!! Slick and easy! Easy to manage your loan and make overpayments whenever you need to!! 10/10 Reviewed on: 3rd March 2023

The best app

Monzo has always had the best app for clear and concise information. Applying for a personal loan and weighing up your options is easy. Reviewed on: 3rd March 2023

Vasile Bondaret

It's the best this bank I like this bank Reviewed on: 3rd March 2023

The best Bank I ever used, I had 2 different Banks before, and after using Monzo for over 5 years I decided to have as my main account.

Easy to use, I'm in full control over my money, great customer service when needed, loads of benefits including overdraft and flex pay. Reviewed on: 3rd March 2023

Great personal loan service

Very easy, fast & efficient service with the funds credited on the same day Reviewed on: 3rd March 2023

Amazing Monzo!!

Always happy to help, quick and easy to apply and ask questions DM style! Reviewed on: 3rd March 2023

Easy to apply for, manage and would highly recommend

I think my all round experience as a Monzo customer has been a level above any other bank that I have experienced, could not recommend enough! Reviewed on: 3rd March 2023

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