Monzo loans, now unavailable?

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1

Hey y’all :wave:

I’ve had monzo loans available in the app pretty much since they became available. I’ve used them multiple times and they are a really good feature of the app. Today I have looked at using one again however this feature no shows me that it’s “rolling out gradually” :expressionless:

  1. Has this affected everyone?
  2. Have I done something to have it revoked?
  3. Have monzo just decided to change provider like they have recently done saving pots that’s have interest ?
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2

my loan option has disappeared

3

Same

4

Mine has disappeared although overdraft still available.

5

I click into the borrowing tab and get both overdrafts and loans available - not sure what’s going on :man_shrugging:t2::man_shrugging:t2:

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8

Disappeared
image
Yesterday I had loan offer under my overdraft

9

Yep removed for me - posted this earlier

10

Just on this - Monzo provide the loans they don’t use a third party

11

I can still see the option to take out a loan

12

I think there may be a post from the team soon about how they’re changing how it’s displayed in the app soon :shushing_face:

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13

:soon:

14

Looks like they’ve dished out too many loans :moneybag: and probably need to recoup a bit, would be my guess. :crazy_face:

Loan%20Options Loan%20Wait

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15

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