How lending works

At Zopa you lend directly to borrowers to earn great returns and grow your money.

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Lend directly to borrowers

Decide how much you want to lend: you can start with as little as £10 and there’s no maximum.

You lend your money in small chunks to different borrowers. We group borrowers into longer (4-5 years) and shorter (2-3 years) loan terms. You choose which to lend to.

Borrowers are:

  • Over 20 years old
  • UK residents for 3 years
  • Earning at least £12,000 a year (typically £30-40k), with a solid credit history.

Grow your savings by lending

You’ll get monthly repayments from borrowers. These are made up of interest and capital, but without any tax deducted. You’re responsible for paying tax on the gross income you receive. Your repayments can be re-lent automatically into new loans to maximise your earnings and deliver the latest return advertised. This means your interest is earning interest too.

Not too taxing

Zopa provides an annual statement to make it simple to declare your earnings to the HMRC for tax purposes. The amount of income tax payable is dependent on your individual circumstances and may be subject to change in the future.

Early access feature

This is a speedy but not immediate service, as it isn’t like an instant access bank account.

Access your money

You can withdraw your money as it is repaid each month, as income. This means Zopa is great if you’re looking to supplement a pension.

Should you need to withdraw a lump sum or all of your money, before it’s paid back by borrowers, then you can use our early access feature for a 1% fee.

You can access your money at any time so long as there is another lender to give your loan a new home. This means there is of course a chance you may not be able to access your money when you want to.

More about accessing your money

To date, we've helped lend £871m, earning our lenders £52m in interest

Got a question

Call us: 020 7580 6060

Please note: Calls may be monitored or recorded.