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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.94 (108 reviews)

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4.90

Based on 108 reviews, last reviewed 20th Mar 2025

400% 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

Best overpayment calculator I had to get a personal loan recently. Monzo made it very clear on how much I could borrow, the calculator is super helpful to compare affordability w... Read more Reviewed on: 20th 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 (108)

Review of the Monzo, Personal Loan:

The best personal loan

Monzo Personal Loan is an excellent choice for those looking for an affordable and effective way to borrow money. The application process is quick and simple, and the interest rates are competitive. The costumer service team is both knowledgeable and friendly, and they are always quick to respond to inquiries. Monzo Personal Loan's commitment to transparency and providing customers with the best possible service makes it great choice for anyone looking for a personal loan. Reviewed on: 4th March 2023

Best overpayment calculator

I had to get a personal loan recently. Monzo made it very clear on how much I could borrow, the calculator is super helpful to compare affordability with length of contract. My favourite feature is the additional payment info - where it tells you exactly how much interest you’ll save by overpaying and it just makes it so easy. Reviewed on: 20th March 2025

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

Easy Payment

You can easily make extra payment on your loan or pay it off using the app. Reviewed on: 18th March 2025

Very easy and simple to use.

Very easy and simple to use. Got the money fast and very easy process Reviewed on: 18th March 2025

Easy to get a loan, very simply layed out.

Easy to get a loan, very simply layed out. Reviewed on: 11th March 2025

Hi, good evening based on my recent experience as a...

Hi, good evening based on my recent experience as a customer. Overall, I have been very impressed with the level of service provided by Monzo. The app’s user interface is intuitive and user-friendly, making it easy to manage my finances on the go. The real-time notifications for transactions are particularly useful, helping me keep track of my spending in a transparent and efficient manner. Additionally, the budgeting tools within the app are extremely helpful in managing my monthly expenses. I appreciate the ability to set spending targets and track my progress in real-time. This feature has significantly improved my financial management. Moreover, the customer support provided by Monzo has been exemplary. Whenever I had a query or needed assistance, the support team was quick to respond and provided clear, helpful solutions. However, I would suggest that Monzo could further enhance their services by expanding their international transaction offerings, such as providing better exchange rates or lower fees for international transfers. This would make the service even more appealing to customers who frequently travel or engage in international business. In conclusion, I am highly satisfied with Monzo Bank and would recommend their services to others seeking a modern and efficient banking solution. I look forward to seeing how Monzo continues to innovate and improve in the future. Thank you for providing such an outstanding banking service. Sincerely, Adel AbdulQwai Reviewed on: 4th September 2024

Both my wife and I have a joint account and our priv...

Both my wife and I have a joint account and our private accounts. A brilliant app that shows instant trace on all transations. Its secure & easy to use. I love the way it instructs us on "The next transaction must have the secure pin used" rather than constant tapping. Reviewed on: 15th April 2024

They are very good for taking out loans

They are very good for taking out loans Reviewed on: 25th March 2024

Simple, easy, done.

Simple, easy, done. Issues resolved rapidly. Not the best for savings rates etc., but everything else is great. Reviewed on: 15th March 2024

Flexible to all peoples and nice experience too.

Flexible to all peoples and nice experience too. Reviewed on: 1st February 2024

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