Zopa

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Company Information

  • Company Name:
    Zopa
  • Website Address:
  • Business address:
    6th Floor, 90 Fetter Lane, London. EC4A 1EN
  • Phone number:
    020 7580 6060

Zopa (Zopa.com) is one of the UK’s most trusted and popular peer to peer lenders, offering its customers low rates and high quality customer service. Peer to peer lending allows lenders and borrowers to be matched together to create the best fit for each party, and this more efficient method of lending leads to lower rates for the borrower. Zopa’s lending and borrowing service has earned the company a range of awards, including the Moneywise award for “most trusted loan provider” from 2010 to 2014.

Zopa offers a range of unsecured personal loans for a variety of purposes. Customers can use the loan to pay off and consolidate their debt, make improvements on their home, buy a car or make any purchase they like, but business loans are only available for sole traders on Zopa. The interest rates on loans from Zopa will depend on your personal financial situation, credit history and the amount you need to borrow, but you can use Zopa’s loan calculator online to find out what sort of rate you can expect on your loan.

Customers can borrow anywhere from £1,000 to £25,000, and the flexible repayment plans allow you to repay over two, three, four or five years, depending on your budget and circumstances. Once you’re offered a rate it will be fixed for the full term of your loan, so you’ll be able to budget clearly. Customers can also make early repayments at any stage of their loan term with no extra fees.

To qualify for a personal loan from Zopa, you must be at least 20 years old, a current UK resident and have an income of at least £12,000 per year. You will also have to prove your identity and have proof of three years address history in the UK. Customers must have a positive credit history and be able to afford the loan repayments.

256 Reviews of Zopa have been submitted - read the latest 3 below

When I read the 'peer to peer' bit I knew Zopa would be a good bet for my loan. I'd heard from other people that peer to peer lending meant a wider and better choice of loan options so it just made sense to go with Zopa for this personal loan. I really have made a good choice because Zopa have found a really great loan for me that fulfils all the criteria I gave them and even with their fee added on I still think I have got a very affordable loan. I would definitely recommend Zopa to family and friends who may be looking for a good loan.

Review posted by Mel Worsley, Harpenden, Herts.

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

My dad used Zopa to get his loan recently and told me to try them for my loan. I thought I had already found a suitable loan and was about to accept the quote but my dad said he didn't think it was that good a loan and that I should definitely give Zopa a chance before taking the first loan offer. I am so glad I did because the loan Zopa have found for me is hundreds of pounds cheaper than the first loan and that is taking into consideration the fee that Zopa are charging me. It really was a no brainer to ditch the other loan offer and go with what Zopa had come up with. Cheers dad!

Review posted by Liam Morris, Deansgate, Manchester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

I definitely think it was worth the small fee I had to pay Zopa to find this personal loan for me. I know I would probably still be looking or maybe have ended up with a loan that wasn't quite right for me if I had tried to do it on my own. I had already tried to make a start by looking on the loan comparison website but as soon as I saw Zopa and read what they offer for their small fee i decided to play safe and use them instead. I don't begrudge paying that fee because i am really happy with the loan they have found for me and I would use them again without question if I ever needed another loan. I've told my friends about Zopa because I think they would be interested in knowing there is a company like this.

Review posted by Gemma Locke, Forest Gate

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money