Money homeLoan Providers
Zopa personal loans
Zopa is a borrowing and lending exchange where members can choose to be either lenders or borrowers. Zopa is a secure, regulated way to borrow money.
- Take 2 minutes to complete our simple form, and tell us about the type of loan you are interested in.
- Our loan experts will find loan deals tailored to your circumstances.
- We will contact you with details of available loan deals.
Step 1
Complete your details. Step 2 Tell us more so we can find offers tailored to your needs. Step 3 Our experts will help you find loan deals for your circumstances. |
|
|
More information about Zopa loan:
Zopa is a borrowing and lending exchange – as a Zopa member, you can choose to be a borrower or a lender, or even both. If you take out a Zopa loan, you could be borrowing from a professional, pensioner, student or entrepreneur. Zopa is a well-regulated and secure way to borrow.
Zopa stands for ‘Zone of possible agreement’ and refers to the overlap between the lowest amount a lender is prepared to get for something and the highest amount the borrower is prepared to pay.
Zopa interest rates are agreed on by its lenders. You will pay a fee of 0.5% of the loan up front, and Zopa will perform a rigorous credit check. You cannot borrow from Zopa if you earn less than £25,000 a year, have any CCJs or lots of unsecured debts. You will also find it hard to get a Zopa loan if you’ve had trouble making bill payments in the past.
If you’re approved for a Zopa loan, the amount you borrow could be in your account within a few days. Zopa is completely online-based, and doesn’t charge a fee if you wish to repay the loan early.