Borrowing

As part of our commitment to being a responsible lender, we follow 3 principles. This is our promise to you, and shows what you can expect if you borrow money from Monzo.

Use Monzo Flex to get more time to pay in store, online or up to two weeks later.

We've started reporting to Equifax, which means we now report to all the main CRAs. This helps give other banks and lenders a more complete picture of your finances.

Monzo Flex is here! Get more time to pay pretty much anywhere you use Monzo, on pretty much anything you want. With one application and a pre-agreed credit limit, all in your Monzo app.

Using credit to pay for anything and everything isn't sustainable, and could lead to a more serious debt problem.

If you have a friend who's struggling with debt, they may not bring it up. But there are signs you can look out for, and ways you could help.

There's help available if you’re feeling weighed down by your money worries.

Coronavirus is affecting people’s lives up and down the country, particularly our finances. We've asked StepChange Debt Charity for their top tips on taking back control of your finances in a year where so many of us desperately need help.

Debt charity Stepchange explain how to manage your debts and live on less money than usual during coronavirus.