What is the term of the loans in each product? Can I choose the term of loans I get?
Updated 10 months ago
All products have a mix of loan terms, up to 5 years. Today we disburse more 5 year loans than any other loan term. Zopa will give you the market blend of different loan terms based on the current demand. It is important to note that the default setting in Zopa is to have re-lending turned on which means as your money is repaid by borrowers each month it will be lent out in new loans.
Was this helpful?