Zopa reviews

Zopa Questions

How long does it take to make a loan application?
Less than 20 minutes, which is the time it takes us to cook a pizza!

How long does the whole process take?
Usually it takes up to 3 working days for a matched loan application to be approved. If you put a listing up, you can choose a longer time to try and obtain a better rate.

Can I speed up the process?
Once a loan application is approved there is an option to receive the funds in your account on the same day. This is done via CHAPS transfer and costs £57.50. Alternatively BACS transfer takes up to three working days.

How do I contact Zopa?
You can email Zopa on contactus@zopa.com, but the best way is their telephone number: 0207 5806060. Remember that loan applications must be made online.

How do I pay back the loan?
Zopa sets up a direct debit, and you can select the day of the month when your repayments comes out, you can change the repayment day at any time if it becomes inconvenient at no expense.

When will I make my first repayment?
The first repayment will be taken from your bank account on the first repayment day which you have selected which is more than 30 days after you receive the funds.

Can I repay early?
Yes, you can make partial repayments or a full repayment at any time. Remember that there are no early repayment fees or charges! In fact overpayments will reduce the overall cost of the loan as interest charges will be reduced.

What's the biggest Zopa loan I can get?
Zopa loans start at £1,000 and the maximum loan you can get is £15,000.