Ahhh right that makes sense!
Panic over I guess 
No worries! Looks great! Glad to hear Monzo are working on this too 
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Ah, the old āI am the sourceā comment 
Itās a dangerous game when you start confirming your own rumours! lol.
There has been zero mention of credit cards (apart from a comment a while ago saying they had no plans).
Itās a natural progression, but I doubt itāll happen soon (but who knows).
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Here is a huge overdraft. We see youāre not spending all your money. Look at all the pretty money not doing anything. Itās left to spend so itās your money to spend. How about a loan to help you spend all that pretty money?
Not a fan of that approach at all!
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It will happen fintech soon
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From what I can see, itās better than an overdraft, but potentially (credit rating dependant) not as good as another loan you can get elsewhere.
Surely better than paying off credit card fees and overdraft fees?
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It depends. Some long term credit card holders get vary favourable rates from their providers
Sorry, I should have clarified.
I see this (and the teaser than Monzo has put out about āspreading the costā) as a secondary solution to the better bank loans and low interest credit card rates.
It seems to sit in-between those, and the overdraft fees/higher APR credit cards/Pay Day loans.
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Just sent you a DM, weāll look into it!
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So they will loan you your overdraft which you are already approved for and have access to. Rightā¦ 
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Borrowing Ā£2275 over 12 months (365 days) is cheaper on Monzoās 50p/day overdraft, assuming a Starling loan rate of 14.5% which has been offered on a screenshot over in the Starling forum.
Starling have said nowhere that loan rate is dependent on amount borrowed (ie. they donāt say rate goes down the more you borrow, as some loans do) which is why Iām assuming you still could be offered a 14.5% rate on a different amount than in that screenshot.
Edit: That poor customer whose screenshot I used has been offered a loan more expensive than their overdraft (14%)
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Isnāt the max OD from Monzo Ā£1,000 currently?
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Currently, yes.
I wonder if Monzo can keep the 50p per day OD fee, if they increase the OD limit to Ā£5000 (for example).
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Something fishy is going on with Starlingās lending PR. The website states overdrafts are 15% EAR/APR.
Their loan video shows 20% APR.
People on the forum have overdrafts lower than 15% but no one has owned up to having one more expensive.
So, if the website is correct, why have Starling put 20% on the video? To make their loan (at 11%) look more attractive? Or if the video is right, does that make the website misleading, including all their claims to be cheaper than everyone bar First Direct?
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I accepted the maximum OD today (just so I could play around with the loans UI).
Itās 15% for me, and I think the majority are at 15%.
Some people seem to have a little lower - interesting to see if anyone has higher!
They need to work on the wording though - But itās only a few hours old, so Iāll let them off!
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I think they started offering overdrafts at 12% (I was certainly quoted that rate when my maximum Ā£2500 was showing ināapp; now I have no sign of any mention of an overdraft, and Iād be very interested to discover if itās still sitting there āhiddenā at the same rate) and then Starling began raising the interest rate until they settled on the websiteāadvertised 15%.
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If you go to the overdraft part of the app - It should tell you (I think).
I was offered a 12% overdraft over a year ago but I never accepted as I have better deals elsewhere. If I go to add one now the rate is 15%, so Iām assuming theyāre not locked in.
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I donāt have an overdraft part of the app. Like I said, apart from (presumably generic) Ts&Cs, which I havenāt checked, there is not a single mention of āoverdraftā in my app.