Work your money harder
Zopa gives you great returns on your money by lending it directly to sensible borrowers who pay you interest. Try our interest calculator
How Zopa works
Here’s what happens when you open a Zopa account.
You put your money into your Zopa lending account and it gets lent to borrowers in small chunks.
As borrowers pay back their loans each month, plus interest, your money grows.
You can take out regular monthly amounts, as income. Or you can use our early access feature.
How customers describe Zopa
We invited some of our 51,000 lenders to come in and talk about lending with Zopa.
Chris: Hi, I’m Chris and I’m a Zopa lender
Tony: I’m Tony and I’m a Zopa lender
Alex: I’m Alex and I’m a Zopa lender
Elaine: I’m Elaine and I’m Zopa lender
Mike: I’m Mike and I’m Zopa lender
Maurice: My name’s Maurice and I’m a Zopa lender. I’ve been lending through Zopa for about three or four years
Elaine: About eight or nine years
Tony: For over a year
Alex: For about a year
Chris: For two years now
Elaine: I started lending with Zopa initially because I liked the idea of a more ethical way of lending which cut out the middleman
Mike: Getting started as a lender with Zopa couldn’t be easier
Maurice: I go on the website, I transfer it across from my bank account
Mike: You decide how much money you’re going to lend
Alex: For how long
Maurice: And then Zopa takes the money and Zopa chops it all up into little bits and lends it to lots of different people
Chris: And that means that my risk is spread and diversified
Maurice: So you invest your money for a three or five year term but if you need to get it earlier you can sell your loan on to another lender
Alex: Zopa’s a great example of something the internet has made possible
Maurice: So aren’t lots of layers and not lots of bureaucracy and not lots of people trying to take their cut
Chris: It’s a smart way of bring lenders and borrowers together
Elaine: The rate of return I get with my savings at Zopa is pretty good, I’m very pleased with it
Tony: It beats the rates you can get on the high street
Alex: I like Zopa because they invented peer to peer lending, and they know what they’re doing
Maurice: I find Zopa always really straightforward and simple to deal with
Elaine: They’re reliable because when I chat to them everything they say, they do
Mike: I like the fact that in a world where people want to borrow and lend money, Zopa allows them to do that really easily over the internet
Tony: I’m using Zopa for my general long term savings
Maurice: I suppose all my savings are for a rainy day, but I’ve been saving so long for a rainy day I think I might start spending some of it
Mike: If I was to describe Zopa in one word I’d say
Alex: I’m constantly recommending Zopa to friends and family because I think it just makes so much sense
What the press says
“It is far better than any High Street savings rate in the UK and the money can be accessed in an emergency.”14 January 2014
Who are Zopa?
Since 2005 we’ve been the UK’s leading peer-to-peer lending company. 51,000 lenders trust us to grow their hard-earned savings by lending. We’re authorised and regulated by the Financial Conduct Authority (firm registration number 563134). We are working hard to make finance simpler and fairer.
Best P2P Lender
MoneyWeek gave their readers the "chance to recognise the best providers out there" and voted Zopa best peer-to-peer lender.
Why choose Zopa?
Peer-to-peer lending is more efficient than traditional banking. This is because you lend directly to borrowers and earn great returns.
Zopa is leading the way in making peer-to-peer lending a safer and more sustainable option. As with any lending, there are some risks. The biggest is the chance that a borrower doesn't repay and you may not get all your money back. Read more about the steps we're taking to minimise risk.
What the press says
“Zopa is the pioneer of peer-to-peer lending, which uses the internet to cut out the banks entirely. It matches savers with individuals who want to borrow, leaving out the bank and offering better rates all round.”18 January 2014
Peer-to-peer lending is a relatively low risk investment and we do not give regulated advice. This means peer-to-peer lending isn’t covered by the Financial Services Compensation Scheme. Instead the FCA requires peer-to-peer lending companies to hold a capital buffer and have robust plans to recover outstanding loans should any company cease to exist.
You're responsible for paying tax on the gross income you receive. The amount of income tax payable is dependent on your individual circumstances and may be subject to change in the future.