A personal loan for Monzo current account customers, applied for and managed entirely in the Monzo app.
With a fixed rate and fixed monthly repayments, you know exactly what you will pay each month and when the loan will be cleared.
Compare the representative APR, the total amount repayable and any fees before you decide.
Benefits of the Monzo Personal Loan
- Apply in the app: Check eligibility and apply in a few taps.
- Instant decision: If approved, money can be paid into your Monzo account straight away.
- Fixed monthly repayments: Your interest rate and repayments stay the same for the whole term.
- Overpay or settle early: You can make overpayments or repay early; a statutory early-settlement charge of up to 58 days' interest may apply.
- Check before you apply: An eligibility check uses a soft search, so it does not affect your credit score.
| Feature | Detail |
|---|---|
| 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 to apply | In the Monzo app |
Key features
Apply in the app: Check eligibility and apply in a few taps.
Instant decision: If approved, money can be paid into your Monzo account straight away.
Fixed monthly repayments: Your interest rate and repayments stay the same for the whole term.
About Monzo Bank Limited
Monzo Bank Limited is an established UK provider of personal finance products, authorised and regulated in the UK. Applying is straightforward and mostly online.
We compare independently and then send you to the provider’s official website to apply. We are not a lender or credit broker.
All rates depend on your circumstances and are subject to status. Representative examples and final terms are set by Monzo Bank Limited.