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Monzo: Personal Loan reviews

4.91
Based on 104 reviews, last reviewed 11th Mar 2025
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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
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DottedxLine

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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Nickb

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

1
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

5
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

5
It was smooth, fast and probably the best experience I have had from a Bank Reviewed on: 3rd March 2023

Money issues sorted!

5
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!!

5
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

5
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

5
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.

5
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

5
Very easy, fast & efficient service with the funds credited on the same day Reviewed on: 3rd March 2023

Amazing Monzo!!

5
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

5
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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