Zopa started in 2005 as the first ever peer-to-peer lending company in the UK. Using 15 years’ experience with finance and technology, they established the Zopa Bank in 2020. Since then, they’ve closed their peer-to-peer lending to focus on improving their digital banking services.
You can prepare for almost any personal expense with a Zopa personal loan. Easily manage your budget worries with the Zopa personal loan calculator. With it, you can choose a monthly payment that will be lighter on your finances.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
Learn about Zopa loans
Thinking about starting a Zopa loan application? Take a look first below at the key features of a Zopa loan:
- Limit from £1,000 up to £25,000
- Term of 1 to 5 years
- Fixed APR (currently at 15.4%)
- Soft search loan quote
- Direct-debit repayment
- Application process within a few minutes
- Instant credit decision (in most cases)
- No loan setup fees
- Access to funds within 2 hours (after loan approval)
- No charges on early loan repayments
- Committed customer service team for any loan assistance
For any further information, you can visit Zopa’s website here.
Zopa loans review process
Zopa loan eligibility depends on meeting a number of requirements. You can apply for a Zopa loan if you are:
- Aged 20 years old or more
- A UK resident for the past 3 years
- Earning a minimum of £12,000 before taxes in annual income or pensions
- Maintaining a good credit history with no record of bankruptcy
You can also use the Zopa app’s Borrowing Power Tool to know your eligibility better.
Once you’re eligible, you can apply online for a Zopa loan. You may need to prepare additional documents and information, however. These may be related to your identity, your address, your income, and your expenses.
Zopa personal loan calculator
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£1,000
to £25,000
See your personalized loan rates in just 3 minutes so you know exactly what you could get. Our rates are often among the lowest out there. Checking your rates won't affect your credit score.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
BestLoanRates.co.uk provides factual information in relation to financial products. While BestLoanRates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and, to the best of our knowledge, is correct at the time of publishing. The information published on BestLoanRates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with BestLoanRates.co.uk. BestLoanRates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information, please see BestLoanRates.co.uk's Terms of Use.
Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
