Debt consolidation loans

If you have existing debts and hire purchases then a Zopa consolidation loan could mean paying less interest.

See how a low rate loan from Zopa could help you consolidate your debt into one hassle-free fixed monthly payment. It’s a smart way to take control of your finances.


If you currently owe:

Type Balance APR
Credit card £10,000 at 17.5%
Overdraft £1,000 at 16.9%
Loan £3,000 at 8.0%
Total £14,000

£5,672 interest before

£1,630 interest with Zopa

Apply for a Zopa loan

Representative example

A loan of £7500 over 5 years will cost you £157.43 per month at a representative 9.9% APR.

The total cost after 5 years is £9,446, which includes £1,766 interest at 8.8% fixed and a £180 fee. The total amount of credit is £7,680.

The rate and fee you are offered will depend on your individual circumstances

Why Zopa

  • Low rates
  • Borrow between £1,000 and £25,000
  • Loans over 1 to 5 years
  • Repay your Zopa loan early at any time with no fees or penalties
  • Voted most trusted loan provider

What our customers say

“I tried a few high street providers but couldn't get a loan at an acceptable rate, so did a search online and found Zopa. To get a loan from you Zopa could not have been simpler. The application was quick and simple and the service was great.”

Louise (Bristol)

Who can get a Zopa loan

To get a loan you need to:

  • have credit history we can see
  • a good track record of repaying debt
  • have an income (this could be a salary or pension)
  • be able to afford the loan

If you are applying for a loan to pay of existing debt then we will take this into account when assessing your application. Simply ensure you select 'debt consolidation' or 'paying off credit cards' as your loan reason when you fill in the online form.

Read more about our eligibility criteria

What the press says

“Zopa allows savers and borrowers to bypass banks and their high charges. It works by matching borrowers looking for lower-rate loans with savers looking for higher returns.”

Daily Mail, November 2013

About Zopa

Zopa is the UK's largest peer-to-peer lending service. We offer low rate loans to people who are good with their money.

We've lent £1.49 billion to over 150,000 people since 2005.

Moneywise Customer Service Awards - 2010-2014 - Most Trusted Loan Provider: Zopa

Our customers have voted us 'most trusted loan provider' 6 years in a row.

Debt consolidation calculator

Simply enter the debt you would like to consolidate to see how you could pay less interest.

I want to pay off

of £ 

at  %

(£  monthly)

Got a question?


Telephone: 020 7580 6060

We can't take applications over the phone. UK residents only. Calls may be monitored or recorded.