You asked about the Monzo Personal Loan: here is how it works, the amounts and terms on offer and why it can be a convenient way to fund your plans.

See eligibility & how to apply →

Below you’ll find the amounts, terms and rates on offer, plus how the application works from start to finish.

Rates depend on your circumstances, so the APR you are offered may differ from the representative rate.

A flexible loan that fits your budget

Apply in appFixed monthly paymentsUp to £35,000

💰 Amounts & terms

  • Loan amount: Up to £35,000
  • Term: Varies – see the Monzo app
  • Representative APR: 10.0% representative on £10,001–£35,000; 23.0% representative up to £10,000
  • Eligibility: Monzo customers aged 18+ resident in the UK

⚙️ How it works

You choose the amount and term within the limits available for your profile. After a quick online check you get a decision; if approved, the money is paid into your bank account. Your rate and monthly repayment are fixed from the start, so there are no surprises.

🧮 Work it out first

Use the lender’s loan calculator to see your likely monthly repayment before you apply, so you know exactly what fits your budget.

Approval and the rate offered depend on Monzo Bank Limited's credit and affordability checks; your rate may differ from the representative APR.

See eligibility & how to apply →