Zopa

Earn money with a smarter peer-to-peer lending service

Peer to peer lending

How does it work?

Lending at Zopa is simple; everything happens automatically. Here's how it works...

Your money enters a queue with other lenders to be matched and lent out to approved borrowers. Once it reaches the front, it is split into micro loans of at least £10 to diversify your money.

Each month borrowers make their loan repayments, paying you back a portion of your capital plus interest. Borrowers repay on different days so money is coming into your account throughout the month.

Once you've collected enough repayments to buy a new micro loan your money will be automatically re-lent to new borrowers, so you're now starting to lend and earn money on your interest.

Each micro loan is repaid at a fixed interest rate, but your repayments will buy new micro loans at the latest market rates. This means your rates will evolve with the market as you re-lend.

With peer-to-peer lending your capital is at risk, our risk statement has the details. Zopa isn’t covered by the Financial Services Compensation Scheme (FSCS).

More information:

Zopa is the UK's leading peer-to-peer lending service. We reward people who are good with their money by providing low rate loans and high interest returns.

Since Zopa was founded in 2005 we've helped people lend more than £1.39 billion in peer-to-peer loans. We've also been voted 'Most Trusted Personal Loan Provider' in the Moneywise Customer Awards for the past 6 years in a row.

Some 53,000 people are lending between £10 and £1 million to credit-worthy borrowers.


Key facts

 - Launched in the UK in 2005 - we're in our 12th year!

 - 175 staff in our London Office

 - Zopa has lent over £1.39 billion to UK consumers

 - Over the last 12 months we lent over £485 million

 - Over 63,000 lenders including 53,000 active

 - Total number of borrowers - 150,000+

 - Average loan size - £7,300

 - Average amount lent - £6,200

 - Top three loan reasons: Car; Home improvements; Paying off credit cards

 - Safeguard is currently 1.2 times bigger than what we expect to cover

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Platform available in

United kingdom

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