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ZOPA

Matches people looking for a private loan with people wanting to invest. They've approved £2.24 billion in loans.

Logistics
  • Offer personal loan ranging from £1,000-£25,000 for a term of 1-5 years 

  • Things to check before you apply

    • You’ll have to be able to confirm your identity

    • Need to be at least 20 years old

    • Need to be employed, self employed, or retired with a pension

    • Be a UK resident with at least 3 years of address history

    • Need to have an income of at least £12,000 per year (before tax)

    • Have a credit history they can see and a solid track record of repaying debt

    • Need to be able to afford the loan you are wishing to take out

  • They can’t offer joint loans. 

  • There will be a low, transparent fee that will be charged to you once your application has been approved.

  • Checking your rates won’t affect your credit score. 

  • It should take about 5 working days for you to receive your loan 

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