Try our personal loan calculator

You can check if you’re eligible for a Monzo loan in a few taps, without impacting your credit score. Download the app and sign up for a Monzo current account (if you don't already have one), then head to the Loans section to check your eligibility. 

You can apply for a Monzo loan in the Monzo app. Download the app and sign up for a Monzo current account (if you don't already have one), then head to the Loans section and follow the on-screen steps to apply. 

APR stands for Annual Percentage Rate. It tells you the rate of interest you'll pay on an annual basis including any compound interest and expected fees (like upfront fees). It won't include missed payment fees or early repayment fees – but we don't charge these.

Loan providers calculate your personal interest rate using factors like your credit history, the amount you’re borrowing and how long you’ll take to pay it back.

You can pay manually from the Loan Repayment Screen. We won’t charge extra interest or fees for paying late, but it might affect your credit score. 

Yes! You can pay off extra or early with no fees. If you do, it’ll reduce your monthly payments and the total cost of your loan, and save you some interest.

A Monzo loan could help you pay off your debts, which might be more affordable depending on your situation - but it could mean you pay more interest overall because you’ll be repaying for longer. 

Yes, we do. You can see if your business is eligible for a loan in the app. We can only offer you one loan across all your accounts  - so if you've already got a loan in your personal account, you can't have one in your business account, and vice versa.