Personal loan
See your personalised loan rates in just 3 minutes so you know exactly what you could get. Our rates are often among the lowest out there. Checking your rates won't affect your credit score.
Loading ...
Representative example
A loan of £10,000 over 5 years will cost you £246.27 per month at a representative 17.9% APR.
The total cost after 5 years is £14,776.43, which includes £4,776.43 interest at 17.9% fixed and a £0 fee. The total amount of credit is £10,000.
The rate you are offered will depend on your individual circumstances.
We're Zopa
At Zopa Bank, we’re combining our tech know-how with money expertise to make simple, fair and honest financial products that have the customer’s needs at their heart. We’ve always been unapologetically honest with our customers, and value the same in return. Their feedback helps us shape what we build, so we can provide a bank fit for today, and for the future.
Why choose Zopa?
See the rate you’ll actually get, with no impact to your credit score
Apply in a few minutes online – no forms or paperwork
If your loan’s approved, you’ll get the money within 2 hours
It's easy to pay extra towards your loan
Our customer service is award-winning, so you know you'll get a great service as standard when you need to get in touch
What our customers think
Excellent serviceExcellent service. Easy to apply, quick funds transfer, fully digital and easy to pay back in full with no penalties
Smooth applicationSmooth application. Needless to say the service was excellent received my loan in no time. Rates are very competitive too, would highly recommend Zopa
Very good no comments 👌 👏 👍Very good no comments 👌 👏 👍
Always feel trusted and supported by…Always feel trusted and supported by Zopa. There in times of need and know I earn respect for completing on time etc. Treat you like a customer and not a number
Quick and easy to useQuick and easy to use. Online facilities excellent.
The complete experience was easy and…simpleThe complete experience was easy and full guidelines were given. They kept me well informed of all of my queries. Thank you Zopa for your guidance and would definitely use your company again.
Amazing serviceAmazing service! It was so easy to apply, set up and pay off and on top of all that they were more competitive than my bank which I've been with for 20+years! I knew exactly where I was all the time whilst paying off my small loan. I wasn't bombarded by sales for new products or borrow more and when it was done I was sent a nice email congratulating me on paying off my loan, which might not mean much to most but gave me a nice little boost 👍 great service will be using again if I need to.
Everything was simple to set up,they…Everything was simple to set up,they were very helpfull in the Covid situation. If I could use them again I would
Easy application process and good…Easy application process and good rates. On the few occasions I did speak to staff or communicate with Zopa it was handled promptly and the staff knowledgable.
Simple and straightforwardIt was very easy to set up a loan as the process is straightforward and transparent.
Definitely would use again....Solid, reputable company. Easy to deal with. Would definitely use again.
Great ValueSo simple to use, quick, flexible & good value
Excellent serviceExcellent service. Easy to apply, quick funds transfer, fully digital and easy to pay back in full with no penalties
Smooth applicationSmooth application. Needless to say the service was excellent received my loan in no time. Rates are very competitive too, would highly recommend Zopa
Based on 18977 reviews
Read more reviews
A bank you can rely on
As a UK bank, we’re authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
People often ask us
Yes… well, sort of.
Your monthly repayments will go down if you pay extra towards your loan.
But it's not possible to pick a new amount from scratch, because your Loan Contract is a fixed agreement. This helps us responsibly plan the money that goes into and out of Zopa.
Yes you can.
There are a few conditions, and it has to have been at least 6 months since your last Zopa loan application.
How?
When you sign in, under 'My account' you can select the option to 'Borrow more'.
You should only borrow what you are able repay, and all Zopa loans are subject to our normal credit checks
Please remember that the total amount you can borrow is £25,000. This means if you have an outstanding balance of £5,000, you have up to £20,000 left to borrow.
Consolidating an existing loan?
Great. Simply tick the 'debt consolidation' box if you want to consolidate an existing loan. In the 'about you' section of the loan application you'll be given the option to consolidate your existing Zopa loan, and shown the amount. Don't forget to tick the 'final consolidation permission' box.
Please be aware that a settlement amount is automatically taken from your account when you take out a new loan with us. This means that the remaining balance of your loan, any fees as well as interest due are deducted from your new loan amount.
Yes you can. The day is automatically set to 30 days after your loan is approved, but you're welcome to pick a more convenient one.
To change your repayment day, please sign into your Zopa account, open up the relevant loan, and follow the steps on screen.
Things to keep in mind
- You'll always need to pick a date that's at least 3 days in the future.
- We aim to offer as much flexibility as we can, but some dates won't be possible because of how we process payments. If the first date you choose isn't an option, please try a couple of days before or after it.
- Your next monthly repayment will increase or decrease slightly. We do this to adjust for the change in interest payable caused by the increased or decreased number of days from your original repayment day to your new repayment day. (Don't worry, it's a one-off! Your repayments will return to normal the following month.)
- You won't be able to change your repayment day if: there's a repayment pending or in progress, or you've missed one or more repayments or have defaulted on your loan, or you recently made an extra repayment and haven't made a regular monthly repayment since.
Need a hand?
We're here to help. Call us on 020 7580 6060 (Monday to Friday 8am - 8pm and Saturday and Sunday 9am - 5:30pm).
Yes, you can. To consolidate one or more existing Zopa loans.
First you'll need to log into your zopa.com account
Under 'My account' you can select the option to 'Borrow more'.
As with your original loan, the application will be subject to our normal credit checks and you can only borrow up to the maximum loan allowance out of £25,000.
For example: If you borrowed £5,000, you have up to £20,000 left to borrow.
Please be aware that a settlement amount is automatically taken from your account when you take out a new loan with us. This means that the remaining balance of your loan, any fees, as well as interest due are deducted from your new loan amount.
For example: If your remaining Zopa loan balance was £1,000 and you applied for a new £3,000 Zopa loan. Let's say your fees and interest amount to £20. The remaining balance of your original loan (£1,000), as well as any fees and interest payable (£20) will be deduced before you are credited with the remaining disbursal amount.
Using the above example, this would mean your loan disbursal amount is £1,980.
To pay extra online or via the app: please sign into your Zopa account, open up the relevant loan, and follow the steps on screen. We'll take the money through your Direct Debit.
To pay extra over the phone: call us on 020 7580 6060 (Monday to Friday 8am - 8pm and Saturday and Sunday 9am - 5:30pm) and we'd be happy to walk you through it. You can choose to pay by Debit Card or via your Direct Debit.
Things to keep in mind
- An extra repayment will reduce your loan balance reduce the interest you pay overall and reduce the size of your monthly repayments.
- The term of your loan will stay the same.
- You'll need to pay at least £10.
- If we're processing one of your regular monthly repayments you won't be able to make an extra repayment. This is because it takes a while for the transaction to clear. Please wait a few days if that happens then try again.
Loading ...
"Thanks to its clever use of technology – including an initial 'soft' credit check that does not impact on someone’s credit rating – Zopa is able to offer pre-approval for up to 65 per cent of applicants, in as little as 12 seconds. In a market where lending approval can take days, that’s an important advantage."