Can I have more than one Zopa loan?

Updated 1 year ago

Yes, you can. Here's everything you need to know.

To borrow more with us, you can take out another loan.

Please be aware that you should only borrow what you’re able to repay, and all Zopa loans are subject to our normal credit checks. You can check your rates without impacting your credit score.

What you need to know:

  • The maximum amount you can borrow is £25,000 across all Zopa loans. This means if you have an outstanding balance of £5,000 on your existing loan, you could borrow a maximum of £20,000 on a new loan
  • If you choose to consolidate your Zopa loans, the settlement amount from your existing loan will be automatically deducted from your new loan amount. If you’ve been approved for a loan which has a higher value than your settlement amount, whatever's left after the settlement amount has been deducted will be paid to you. Your existing and new loan amount will then be combined into one loan
  • If you're looking to consolidate your loans, you'll need to wait until any pending repayments on your existing loan have cleared before you can apply for a consolidation loan
  • If you've taken a loan out with Zopa in the past 6 months, you won't be able to take another loan right now

How to apply for another loan with Zopa

You can apply online through our website or by using the 'eligibility' tab in the Zopa app.

Here's how to do it online:

  1. Go to
  2. Log into your account
  3. Check your eligibility for the amount and term you want
  4. If you're eligible you can apply
  5. Consolidate or take a second loan

Here's how to do it on the Zopa app:

  1. Open or download the Zopa app
  2. Go to the Eligibility tab to find out what rates you could get
  3. Apply for the term and amount you want
  4. Consolidate or take a second loan

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