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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.94 (113 reviews)

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4.91

Based on 113 reviews, last reviewed 14th Apr 2025

900% 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

Easy and quick application process. Easy and quick application process. Good explanation on what the product is and how it works. Very efficient to use and you can make partial early rep... Read more Reviewed on: 14th April 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 (113)

Review of the Monzo, Personal Loan:

Simply the best!

Monzo has been an amazing account and I couldn’t recommend it enough! From the design the layout to the features. I have Monzo premium and I would recommend getting this as it is £15 a month however you get benefits such a world wide travel insurance which is handy for someone like me who always travels, phone insurance and many more. Reviewed on: 4th March 2023

Easy and quick application process.

Easy and quick application process. Good explanation on what the product is and how it works. Very efficient to use and you can make partial early repayments (overpay) and settle in full at any time with no penalties. Reviewed on: 14th April 2025

Nearly 10 years with Monzo!

Been with Monzo nearly 10 years now, so easy to use, straight forward and reliable service Reviewed on: 12th April 2025

The bank that you enjoy using

needed a small loan to rent a new place after a bad and stressful period. Monzo came through, with the easiest and quickest application - had the money in my account literally 5 minutes later! not only the service is quick and easy, the rates are also competitive! Reviewed on: 10th April 2025

quick answers to loans, all information provided in...

quick answers to loans, all information provided in order to proceed Reviewed on: 10th April 2025

Outstanding customer experience and treament.

Outstanding customer experience and treament. Reviewed on: 10th April 2025

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

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