Home improvement loans with Monzo
If you're renovating the kitchen, painting the bathroom or sprucing up the bedroom, you could use a Monzo loan to pay for it.
Choose your repayment date, and make extra repayments (or pay it off completely!) with no fees.
Monzo Current Account required • UK residents aged 18+ • Eligibility criteria and Ts&Cs apply • Missed payments may negatively impact credit scores.
Our representative APR for loans of more than £10,000 and up to £25,000 is 10.8% APR. For loans up to £10,000 it’s 20.5% APR.
Keep on track with the Monzo app
Get a loan of up to £25,000 and you could use it to improve your home.
Then, stay on track of your payments with the Monzo app.
Your loan sits alongside your daily spend and Pots, so you'll always have visibility and control.
Improve your home
By finishing that project, smartening up your garden or adding new appliances.
Redecorate
Give your bathroom a new lick of paint, replace the sofa or re-carpet your bedroom.
Get started on that DIY
Finish building your garden shed, build that new garden fence or deck out your garage.
Apply in a few taps
See if you're eligible with no impact on your credit score.
Monzo will do a hard credit check when you sign the loan credit agreement. This may affect your credit score. Not keeping up with repayments may also affect your credit score.
We don't charge you sneaky fees and it's free to make early repayments.
Give your loan a purpose
Give it a name and add an image of your choice.
Your loan sits alongside your Pots, so you can see where you're at at a glance.
Representative example: Borrowing £5,000, over 36 months, with 35 monthly repayments of £185.00 and one final payment of £75.88, at a simple annual interest rate of 18.9% (fixed), with a representative 20.5% APR, the total amount you'll repay is £6,550.88. Correct as at 29/10/24.
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.
The best way to get in touch with us is via in-app chat to discuss your circumstances with a financial difficulties specialist and find out how we can support you. You can also see how we can support with money worries if you experiencing difficulties.
We also provide tips on managing your loans and your debt in the loans help section on our blog.