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Monzo: Personal Loan reviews

4.91
Based on 106 reviews, last reviewed 18th Mar 2025
200% increase in 5 star reviews
in the past 90 days
No new 1 star reviews
in the past 90 days
See only 5 star reviews
96%
See only 4 star reviews
3%
3 star
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0%
2 star
See only 2 star reviews
0%
See only 1 star reviews
1%

Latest highest rating:

5

Easy Payment You can easily make extra payment on your loan or pay it off using the app. Reviewed on: 18th March 2025
Ruth A's avatar
Ruth A

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
Nickb's avatar
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 (106)

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

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

Amazing

5
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

5
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

5
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

5
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!

5
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

5
So flexible and also understanding, more than a normal bank Reviewed on: 3rd March 2023

Your are my number 1!!

5
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

Straight forward loans

5
The whole experience was so simple. Everything was laid out very clearly. I felt in control of the amount I borrowed, the length of time to pay back. Very happy with service. A bank I'm very confident of dealing with Reviewed on: 3rd March 2023

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