Get a cheap loan at a low,
low rate from Zopa lenders
- • Take advantage of fixed low rates
- • Repay early at no extra cost
- • Get a quote now:
Getting a cheap loan in the UK is one thing, but getting it from people you can trust can be quite another. At Zopa your cheap personal loan will be provided by Zopa lenders who are people just like you. So they understand that you want a low, fair rate that is fixed and matched to your individual credit rating, so that it's easily manageable. Plus you avoid all the hassle of going through the banks. So make life easier on yourself - get a cheap loan quote today!
Why it pays to chose a cheap Zopa loan
Right now you can pay just 9.5%APR as a typical fixed rate based on borrowing £5,000 over 3 years as an A* credit rated borrower.
- The interest rate you pay on your cheap loan is set by our lenders, not by us and is based on your creditworthiness.
- You borrow from and pay interest to real people and not a faceless corporation with many other interests.
Meet some Zopa lenders - Borrowing at Zopa is a fairer and more human way of getting a low-cost cheap loan.
How it works - Zopa is the more personal way of borrowing or making your savings work for you. It's money provided by people for people.
Find out more about Zopa cheap loans
How much can I borrow?
Zopa is a marketplace where people can lend anything from £10 to upwards of £25,000 - and our lenders come from all walks of life.
You could end up borrowing from pensioners, students, young professionals, entrepreneurs or even fellow Zopa borrowers - because some of our lenders are borrowers, and some of our borrowers are lenders.
How is the fee calculated?
Borrowers pay a fee of £94.25 on their loan. The fee is paid up front when the loan application is agreed.
So, a borrower taking out a loan of £5,000.00 would have the fee of £94.25 added to their loan amount. Because we only lend money in chunks of £10, an extra £100 is added to the loan and once the fee has been deducted, the borrower would get £5,005.75 paid into their bank account.Can I repay my Zopa loan early?
Yes, you can repay your loan early at no extra cost.
What are other borrowers saying about Zopa?
Rebecca is 36 and lives in Ladbroke Grove with her partner, Simon. She's in the process of fulfilling a lifelong aspiration and setting up her own catering business, 'Duckie's', having trained as a chef at Leith's 6 years ago.
"I think Zopa's brilliant. The borrowing process was so easy. I loathe banks. It makes me very angry how much gets creamed off any product and it rocks me to my soul how much I spend on interest... it feels so greedy"
Michael set up the global brand and marketing agency Wolff Olins in 1965. Now he's a freelance consultant advising leading companies on their brand strategies. Michael is 72, married, with 7 kids and 2 cats.
"I've borrowed £5,000 to help me pay for some work to deal with subsidence in my garden. I got what seems to me to be a very good rate, and I can pay if off whenever I want. And I love it that the money comes from real people; it feels like they are investing in my garden.
Zopa has a very different feel from a bank. There's an idea behind it - a modern idea - which there isn't with a bank. Zopa is even-handed. You don't feel that with a bank - the bank's set up to always win."