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Loans, the Monzo way

Whether you’re looking to buy a new car, renovate your home or bring all your payments into one place, a personal loan with Monzo could help you get there faster.

If you're eligible, our representative APR is 26.6% on loans up to £3,000.

Flexible repayments

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

Get your money on the same day

There’s no waiting around. We’ll put the money in your account the same day.

No fees to repay early

We won’t charge you to pay off your loan early, or make extra repayments if you like.

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!).

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 £3,000.

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. We're here 24/7 for emergencies, and from 8am to 7pm for anything else.

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