Zopa reviews

Why Zopa?


Excellent Rates. The rates on Zopa fluctuate depending on the amount of money available, but they are often market leading.

Liquidity
.  Zopa is not cutting their lending based on the credit crunch. In fact Zopa has been breaking records for the volume of loans they are processing! Lenders are deciding that investing money in individuals is safer than leaving in banks. This means that Zopa both has a lot of money to lend out, and that the interest rates are low.

Flexibility. At Zopa you can choose your repayment day, and you can change it at any time if it becomes inconvenient. You are also able to make full or partial repayments at any time with no sneaky bank fees.

Cut out the banks. Your loan is funded entirely by individuals rather than faceless corporations. When you accept a loan you will see your lender's usernames.  You can also ask questions and interact with many of them on the Zopa discussion forums.

Zopa and Government Money. Zopa has teamed up with the Bank of England to help lend out government money to businesses and individuals. We think this is a great endorsement for all things Peer to Peer. for more information have a look at the the techcrunch blog: http://techcrunch.com/2012/12/12/i-owe-you/