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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.93 (107 reviews)

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4.91

Based on 107 reviews, last reviewed 18th Mar 2025

300% 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

Easiest to apply had money in my account in 5... Easiest to apply had money in my account in 5 minutes Reviewed on: 18th 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 (107)

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

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

Amazing

Monzo is the best bank I have ever had. It is easy to use. Good for begginers. Very good and efficient customer service. I am a happy customer Reviewed on: 3rd March 2023

Easy to manage

Getting the loan was easy as they already had enough information to preapprove a certain amount. I also appreciate the way the app lets you manage your payments including and the fact that there are no penalties for paying your monthly installment early. Reviewed on: 3rd March 2023

One of the best banks in uk

I have the most best amazing experience with monzo I swear just can’t express in my views just get the account and feel it your self.. Reviewed on: 3rd March 2023

Customer-focused great loan

The loan came like a dream and I didn't believe it. I had to leave the money untouched for 24 hours in case it was a mistake. But it was real and the interest rate was very reasonable and competitive. Reviewed on: 3rd March 2023

Incredible service!

Amazing service. Easy to use and extremely helpful thanks monzo!! Needed the loan to improve the living room and kitchen. Reviewed on: 3rd March 2023

Excellent

So flexible and also understanding, more than a normal bank Reviewed on: 3rd March 2023

Your are my number 1!!

Excellent service friendly staff whenever need to speak to someone and the app is really easy navigate. Definitely will recommend to family and friends Reviewed on: 3rd March 2023

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