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I'm considering investing with Zopa
I'm considering investing with Zopa
16 articles in this collection
When is a loan in default?
Sometimes, borrowers will miss a repayment. Most of the time, they get back on track and continue to pay back their loan. But if they miss 4 months'...
What are 'D&E markets' or 'D&E borrowers'?
Today, when a borrower makes a loan application, we score their application using a wide range of information, such as income, mortgage and debt...
What are the default rates on Zopa loans, particularly for the higher risk markets?
All advertised headline rates are published net of expected defaults. We publish expected vs. actual default rates by calendar year so lenders can...
When does the Zopa Safeguard fund pay out?
The Zopa collections team manage all borrowers who are behind on their repayments. If a borrower has reached a point where they are behind on their...
What is the term of the loans in each product? Can I choose the term of loans I get?
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...
How will I know the returns of each of my products?
Zopa displays your lending activity by product in the Lending Summary so that you can see the amount lent, lending rate and queue associated with...
How safe is my money?
As with any lending, there are some risks, the biggest being that a borrower doesn't repay. Zopa has the following steps in place to keep this risk...
Are there any fees associated with peer-to-peer investments at Zopa?
Origination fee An origination fee is added to the total of every loan taken out. The fee is rolled into a borrower’s Annual Percentage Rate (APR)...
Can a business invest through Zopa?
Yes, they can, but there are some essential requirements. The business must be: A UK-based Limited company Lending for investment reasons only and...
Will I know who my borrowers are?
Yes and no. You'll be able to see relevant information about their loan in your loan book: like how much they borrowed, what risk market they're in,...
Who can invest through Zopa?
All UK residents who are over 18 and with a UK current account can invest with us. Unfortunately we're not set up for investments through a Self...
About Zopa Safeguard
We retired products with Safeguard coverage 1 December 2017. From 2013 to 2017, some of our products were offered with coverage from a provision fund...
If my loans are covered by Safeguard are there any circumstances when the Safeguard will not step in?
Zopa has many years’ experience in credit-checking borrowers and through careful monitoring of loans has a higher repayment rate than the banks. This...
How long can I lend my money out for?
Because borrowers repay monthly, your money isn't tied up for a fixed duration. If you have automatic reinvesting on, then that money isput towards...
What is the minimum amount that I can lend in each product?
For Zopa Access and Zopa Classic, you’ll be able to lend from as little as £10. For Zopa Plus and Zopa Core, given these products are not...
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