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Monzo: Personal Loan reviews

Name: Personal Loan
Rating: 4.93 (104 reviews)

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4.91

Based on 104 reviews, last reviewed 11th Mar 2025

No new 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:

4

Easy to get a loan, very simply layed out. Easy to get a loan, very simply layed out. Reviewed on: 11th 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 (104)

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

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 m... 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

Very fast qoute,and money in account in seconds

Very fast qoute,and money in account in seconds Reviewed on: 1st February 2024

Easy to manage loans but with a high interest rate.

Interest rates with Monzo loans are expensive and not competitive Reviewed on: 1st February 2024

Very monzo bicoastal I need many price gouging up

Very monzo bicoastal I need many price gouging up Reviewed on: 19th January 2024

Love my bank.

Love my bank. Have my business account here too. Love the features love the ease love the card Reviewed on: 15th January 2024

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