HelpMonzo FlexInterest rates for Monzo Flex

Interest rates for Monzo Flex

It’s interest-free over 3 instalments, but 0% isn’t the only way to pay. With 6 or 12 instalments at 19% APR representatvie (variable) you get some wriggle room for bigger buys that might come along.

APR stands for Annual Percentage Rate. It tells you the rate of interest you'll pay on an annual basis including any fees, like hidden or late fees – but we don’t charge these.

'Variable' means we have the right to change this interest rate. We'll always give you notice if we plan to and we won't change your interest rate on any instalment plans already in place.

'Representative' means that more than half of customers will have this interest rate, but this might not be the rate you receive. We’ll always tell you the exact rate you’ll pay before you borrow from us.

We'll offer a rate based on an assessment of your circumstances, taking into account your credit history and finances.

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