wonder if you have to make a purchase over x amount to qualify?
Unsure - it’s only on my personal account which never ever gets used so guessing it’s soft checks getting done in batches
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Loans won’t be dependant on a previous purchase. We have Spread The Cost, which is 
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Is the loans different to spread the cost? I thought they were the same 
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Essentially the same in the back end. But the front end is different.
We started with STC and evolved into loans. I’m not sure what the long term plan is with them both.
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Any information/ update on the roll out?
I notice that in account settings there’s a new “Lending promotions” toggle under Notifications. I don’t remember seeing this before…
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I deselected mine. I was mildly irritated that it’d arrived pre-ticked 
(I suppose that might mean that I can now take out a loan but I’d never know? 
)
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Yeah. Opt-out rather than opt-in sucks, but it’s pretty standard for banks to be honest. It’s how they make money after all.
The loans will be offered if you’re eligible even if the notification isn’t enabled. You just won’t be told you’re eligible
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What’s the interest on loans?
Unclear if it’s personalised rate but this is what I’m getting. 14.5% APR
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Not too bad
Okay so, to check, I could ask for £300 and if I pay back, say, 7 days later, I’d only have to pay 7 days worth of interest? Is interest accrued monthly? I wonder if it’ll work out cheaper than Monzo’s overdraft for smaller amounts 
This is the main t&cs. Noticed a small issue on the last payment amount.
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Thank you. So interest is calculated daily, but added to the balance owed monthly. If you wanted to pay it all off immediately, before the first month’s installment, I could pay it all off without interest?
Edit: while I think about this, since the Monzo site has been posting about credit scores and ratings etc lately, I guess this is fairly imminent in launching…
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interested in how you apply?
I guess you’ll be offered it if you match monzos lending criteria but unsure if everyone is being checked or just certain customers
Same here
I didn’t even realise Monzo offered loans! Not that I need one at the mo.
I never see it mentioned anywhere or talked about? (Other than in this thread which I only read for the first time the other day)
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