monobank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

monobank is a Ukrainian digital bank that lends as a direct lender rather than a broker, so you deal with one institution. It suits people who already hold a monobank card and want a fixed-rate installment of UAH 1,000 to UAH 100,000 repaid over 24.

Key facts

Best for
Fixed-rate installment and credit line borrowing for existing monobank card holders in Ukraine.
Loan amount
UAH 1,000 to UAH 100,000 (Source, checked September 26, 2026)
Term
24 months (Source, checked September 26, 2026)
Arrangement fee
1.9% per month of the initial purchase amount (Source, checked September 26, 2026)
Funding time
Instantly to the monobank card (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Origination fee (%)
1.9% (Source, checked September 26, 2026)
Loan types
Personal, Credit-line, BNPL (Source, checked September 26, 2026)
Legal entity
Joint Stock Company Universal Bank (AT UNIVERSAL BANK) (Source, checked September 26, 2026)
Headquarters
Ukraine (Source, checked September 26, 2026)
Support channels
Chat, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding, Credit line
Official website
monobank.ua

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaXinstagram.comyoutube.com

Pros and cons

Pros

  • You deal with the bank itself, since monobank is a direct lender.
  • Funds arrive Instantly to the monobank card.
  • Borrowing is fixed rate, at a fixed rate, across personal, credit line and bnpl.
  • Help runs on chat, phone and help centre.

Cons

  • Free early repayment is not offered, so clearing the balance early carries a cost.
  • The origination fee of 1.9% per month of the initial purchase amount is charged every month, not just once at the start.
  • Support runs on chat, phone and help centre, so there is no counter service.
monobank

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Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Existing monobank card holders who want money sent straight to the card: Instantly to the monobank card.
  • Borrowers who like a fixed schedule of 24 agreed up front.
  • People in UA who want the bank and the card in one place.

Who should look elsewhere

  • Monzo Flex if you would rather borrow in pounds, with amounts of £10,000 to £35,000.
  • Cashspace or Cashspace ES if a peso line of PHP 500 to PHP 25,000 or a euro line of €100 to €5,000 suits you better.
  • Anyone whose plan depends on free early repayment, since it is not offered here.

Safety and regulation

monobank is a direct lender, so the bank that lends is the bank you deal with, with no broker layer in between. It holds a licence from the National Bank of Ukraine (NBU), recorded as 92 (dated 20.01.1994); state register of banks No. 226. That licence names the regulator supervising the bank, so your money sits with a supervised lender rather than a marketplace.

Who runs it

The lender is Joint Stock Company Universal Bank (AT UNIVERSAL BANK), headquartered in Ukraine. It is supervised by the National Bank of Ukraine (NBU) under the licence shown as 92 (dated 20.01.1994); state register of banks No. 226. Day to day help runs on chat, phone and help centre, so you can reach the bank by chat, by phone or through the help centre.

How monobank compares

Where monobank is available

Available
Ukraine
Licence in Ukraine
National Bank of Ukraine (NBU) (92 (dated 20.01.1994); state register of banks No. 226), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does a monobank installment cost?+

The listed cost is an origination fee of 1.9% per month of the initial purchase amount, set against the initial purchase amount. Borrowing is fixed rate and the rate type is fixed, so the payment stays level for the life of the schedule rather than moving with the market.

How much can I borrow, and for how long?+

Lending runs UAH 1,000 to UAH 100,000 with a term of 24. The product set covers personal, credit line and bnpl, so the range applies whether you take a personal installment, a credit line or a buy now pay later plan. Personal loans across the site have a median amount of €876.96.

Who supervises monobank?+

monobank is licensed by the National Bank of Ukraine (NBU), recorded as 92 (dated 20.01.1994); state register of banks No. 226. The bank describes itself as a direct lender, so the institution on your agreement is the one you applied to. Money moves between you and that bank, not a third party.

How fast do I get the money?+

Funding is Instantly to the monobank card. The same page pairs same-day funding with a credit line option, both listed at same day funding and credit line, so a purchase can be paid for straight away without waiting on a separate transfer.

Can I pay the loan off early?+

Free early repayment is not offered, so bringing the balance down early carries a cost. That matters alongside the monthly origination fee of 1.9% per month of the initial purchase amount, which is charged on the initial purchase amount. Borrowers who expect to settle sooner should weigh that first.

How do I contact monobank?+

Help runs on chat, phone and help centre, so you can reach the bank by chat, by phone or through the help centre. The lender is Joint Stock Company Universal Bank (AT UNIVERSAL BANK), based in Ukraine. Questions about the loan, the card or the schedule all go through those same channels.

Is monobank a good fit for me?+

It suits existing monobank card holders who want fixed-rate borrowing of UAH 1,000 to UAH 100,000 over 24, with money sent Instantly to the monobank card. It suits less well anyone who plans to repay early, since free early repayment is not offered, or borrowers outside UA.

How does the term compare with other lenders?+

A term of 24 puts monobank below the site median of 36, and it ranks 146 of 232 brands on term. A shorter schedule suits people who want the debt cleared sooner.

Sources

  • monobank.ua checked September 26, 2026

    Backs: Support channels, Licences

    “We are available 24/7 - write to us in the messenger convenient for you or call us (Telegram, Viber); Knowledge base - connection, setup, management - step-by-step instructions and video guides”

  • monobank.ua/about checked September 26, 2026

    Backs: Headquarters, Legal entity, Lender type

    “Legal address and actual location: 04080, Kyiv, Ukraine, 23 Olenivska Street”

  • monobank.ua/installment checked September 26, 2026

    Backs: Loan amount, Features, Free early repayment, Funding time, Loan types, Pricing model, Arrangement fee, Origination fee (%), Rate type, Term

    “Minimal loan amount - 1,000 UAH / Maximum loan amount - 100,000 UAH”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Credit check, Representative example.

monobank

monobank

Fixed-rate installment and credit line borrowing for existing monobank card holders in Ukraine.

9.0/10See alternatives

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