Get a loan that treats you right

Ditch hidden fees, confusing terms and waiting around. Achieve your goals and feel in control with a Monzo loan.

If you’re eligible, our representative APR is 11.7% for loans more than £10,000, up to £25,000. For loans up to £10,000 it’s 26.4%.

Quick and simple

There’s no waiting around. You'll have the money in your account in minutes.

All in one app

Choose your repayment date and change it if you need to. See your remaining balance at glance, alongside your pots.

Fairer - no fees

Make your repayments early or pay extra whenever you want, with no fees. We don’t charge late fees either.

You're in control

Choose how much you want to borrow and for how long. See at a glance what you’ve paid, how much is left to pay, and how much it costs.

Choose a repayment date that suits you, and change it if you need to (there's no fee!).

Loan calculator showing borrowing £15,000, to repay within 60 months.Loan calculator showing borrowing £15,000, to repay within 60 months.

Expect more from your loan

It's your loan so you shouldn’t have to jump through hoops to use it. Want to make your monthly repayment early or pay off a little extra? No problem. You can do it straight from the app with no fee.

It makes sense that if you pay extra you'll reduce your monthly repayments and the total cost of your loan so that's exactly what happens.

Give your loan a purpose

Whether it's a car loan, a home improvement loan, or to bring all your monthly payments into one place, give it a name and add an image of your choice.

Your loan sits alongside your pots, so it’s easy to see the progress you're making at a glance.

And choose the amount that suits you, up to £25,000.

Human help, when you need it most

We want you to feel comfortable telling us when something’s wrong (whether that’s struggling with your mental health, losing your job, or something else).

If you need some extra support, we’ll do everything we can to help you get back on track.

You can speak to real friendly humans over live chat through the Monzo app, or on the phone, with 24/7 support for emergencies for all customers.

We also provide tips on managing your loans and your debt in the loans help section on our blog.

Message bubbles with squiggles and a heart in themMessage bubbles with squiggles and a heart in them