Actually Zopa isn't a bank - but you can still
get a low-cost loan now from Zopa lenders
- • Take advantage of fixed low rates
- • Repay early at no extra cost
- • Get a free quote now:
Right now you can get a typical fixed rate of just 9.5%APR to borrow £5,000 over 3 years as an A* credit rated borrower.
- The interest rate you pay on your bank loan is set by our lenders, not by us and is based on your creditworthiness. We just make sure that you get the cheapest loan available by using money from the most competitively priced lenders.
- You borrow from and pay interest to real people and not a faceless corporation with big bonuses to pay.
Meet some Zopa lenders - You can repay your Zopa loan early at any time with no sneaky admin fees or penalties.
Find out more about Zopa loans
How much can I borrow?
You can borrow £1000 to £15000 over a period of three or five years. However, because Zopa don't charge any fees or penalties for lump sum repayments or full early repayment, you can effectively repay your loan over any period.
What fees will I be charged?
Borrowers pay a one-off fee of £118.50 on their loan. The fee is only charged if the loan is approved and then there's absolutely no other sneaky charges.
So, if you want a £5,000 loan, we'd add an extra £120 to cover our the fee of £118.50. So once the fee has been deducted, you'd get £5,001.50 paid into your bank account.What are other borrowers saying about Zopa?
Jennifer says "I took out a Zopa Loan as it seems like such a great system all round. My banks were charging me over 17% interest, but with Zopa everyone wins - it's so good seeing one payment a month go out of my account that is LESS than I was paying before and yet clearing the balance quicker!"