Are you paid into a joint account by any chance? We are working on some improvements on this space but currently it’s difficult to verify income paid into a joint account.
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Strangely we ONLY use our Joint Account (incomes in, bills out, disposable spent) which makes it bizarre that I can now get a £15K loan without any change in personal circumstances and still only using the JA…
Also happy to see I have Loan Eligibility Status now. Went from “Sorry your “Excellent” credit score is too low”, to Up to £7k. @ 9.5%
Wonder what magical criteria I need to unlock to get a better APR / Loan Amount.
Also I wanted to ask are the APR’s that can be assigned set into categories, like Overdrafts? (i.e. the 19.9 / 29.9 / 39.9%) or is it just a scale?
I need to know this now 
I’m jealous of @davidwalton 4.7% vs. my 9.5% 
If it’s affordability related then I don’t understand why you’d charge someone more because that surely defeats the purpose?
I guess it’s “we’re taking more of a risk with you Ordog so want to make it more worth our while”.
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I’m not eligible because I’ve had a default in the past 
oh well
Do you / will you consider the source? I’m thinking of people with Monzo business accounts paying a salary into a joint account.
I went from nothing to 10k lmao.
Monzo don’t tempt me…GME here I come!
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You’d charge more because if it’s less affordable there’s arguably a marginally higher risk of default.
Feel free to email me at daniel@monzo.com and I’ll take a look
I got a monzo loan for £9000 when I got myself into an awful, silly situation and it consolidated all of my debt into one easy to view account and now I can see my balance steadily decrease, the money is direct debited out of my account and it’s one payment and I don’t worry about it anymore! I just see it as a “direct debit” and it’s changed a lot for me :).
The only thing I NEED is it for it to come out of my direct debit pot!! It’s JARRING waking up with £173 less when all my direct debits are automatically managed now.
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And you now have someone with a loan - been waiting for this to pay off my old bank loan. The APR is higher, but I’m willing to have that cost knowing I can easily pay it down as and when I want.
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Hey - so I took a look into your individual case.
One of the data sources we use is your Monzo transaction data. We need to see a stable income over a number of consecutive months. In your case, we haven’t quite seen your salary paid into Monzo for enough consecutive months.
If you continue having your salary paid in to Monzo we’d expect you to become eligible within next couple of months.
Hope that helps 
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See, I’m not brave enough to put my salary into Monzo. I’m weekly paid but the payroll company is a pain to deal with so i just leave it where it is and transfer what i need when i need it.
I wonder if transferring your salary as soon as you receive it would suffice. When I wanted to get HSBC switching bonus I just transferred my full salary to them as soon as I received it
I see your thinking but it just shows as a transfer from “Me” to “Me” so not sure if it would see it right. The figure obviously differs each week depending on how many hours plus overtime i can get.
I have been with Monzo for years and my wages have always gone in, I was allowed to get the max loan prior to this new change however now I am no longer allowed a loan.
All I get is this and what looks like nothing else has been checked.
I don’t want/need one but seems silly I was allowed but now I not and no other checks made and nothing has changed in my circumstances.
Who knows how the Monzo policies have changed 
It’s showing the only one that you can click to find out more.
They haven’t checked the rest because you’ve failed at the first hurdle.
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