Monzo Loans: Fast Approval, But Mind the Rates
Monzo offers lightning-fast loan approvals for its banking customers, but the APR can vary significantly based on your credit score. Is the speed worth the potential cost?
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Monzo offers lightning-fast loan approvals for its banking customers, but the APR can vary significantly based on your credit score. Is the speed worth the potential cost?
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9.69–13.1%
Amount
£10k–£250k
UK homeowner
Employed, self-employed, pension or benefit income considered
Affordability assessment
Term: 36–360mo
APR
5.89–8.05%
Amount
£5k–£500k
UK homeowner
Available home equity
Affordability assessment
Term: 60–360mo
APR
6.39–8.37%
Amount
£5k–£500k
UK homeowner
Available home equity
Affordability assessment
Term: 60–360mo
APR
8.9–47.0%
Amount
£1k–£50k
APR
8.9–49.9%
Amount
£1k–£75k
UK resident
Age 18+
Valid UK driving licence
Term: 24–60mo
APR
5.9–24.9%
Amount
£4k–£100k
UK resident
Aged 18+
Regular income
Term: 12–60mo