What is Zopa?

Zopa was the first peer-to-peer lending site to launch in the UK. Since it was founded in 2005, the site has helped savers lend more than £468m in peer-to-peer loans. As a peer to peer-lender, rather than a traditional bank, Zopa connects savers to looking earn high rates of interest directly with individual consumers or small businesses looking to borrow at competitive rates. Zopa only accepts high credit-worthy borrowers and savers will also be protected by the Zopa Safeguard fund – a pot of money which is held in trust by a third party not-for-profit organisation.

    • Provider/Product name Plus

      Zopa

      Plus

    • Expected annualised rate after fees and bad debt 6.5% projected return
    • More details

      You lend to… Real people based in the UK taking loans of up to 5 years who are in the Zopa risk markets A* to E. Your money is automatically split into small chunks and lent directly to a number of sensible borrowers.
      When do I earn interest? Once money is lent to a borrower you will receive monthly repayments of your capital plus interest
      Can I withdraw money before term ends? You can withdraw your money for free as borrowers repay. If you choose to sell your loans to withdraw all, or a lump sum, there needs to be other lenders to buy your loans. With Zopa Plus there is a 1% fee to sell your loans.
      Provision fund? No, with Zopa Plus your money is not covered by the Safeguard fund. Whilst expected returns are higher so is the anticipated credit risk.
      How much can I save? From £1,000 to ensure your money is diversified across at least 100 borrowers, with no maximum
      Founded in 2005 - it’s the longest running P2P platform

    • Go to site

    Great for
    Great if you’re happy lending at Zopa and want a higher return for more risk
    Track record – Only peer to peer lender with 10 years strong performance track record, including through the financial crisis
    Trusted by more lenders than any other P2P company. Zopa has over 50,000 active lenders
    But be aware that
    You can sell your loans to other lenders to access your money however a 1% fee applies to use this service
    With peer to peer lending your capital is at risk and your money is not protected by the FSCS compensation scheme
    You must be 18 years or over to lend your money with Zopa

    Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment as it is not protected by the Financial Services Compensation Scheme, although many lenders do offer their own compensation packages.  Please first read our peer-to-peer guide below to see if this product is right for you.

    • Provider/Product name Classic

      Zopa

      Classic

    • Expected annualised rate after fees and bad debt 4.1% projected return
    • More details

      You lend to… Real people based in the UK taking loans of up to 5 years who are in the Zopa risk markets A* to C. Your money is automatically split into small chunks and lent directly to a number of sensible borrowers.
      When do I earn interest? Once money is lent to a borrower you will receive monthly repayments of your capital plus interest
      Can I withdraw money before term ends? You can withdraw your money for free as borrowers repay. If you choose to sell your loans to withdraw all, or a lump sum, there needs to be other lenders to buy your loans. With Zopa Classic there is a 1% fee to sell your loans.
      Provision fund? Yes, Zopa has a Safeguard fund which is designed to cover expected losses. Their loss expectations are based on their historical loan performance, and assume a similar economic environment. It is not a guarantee.
      How much can I save? From £10, with no maximum
      Founded in 2005 - it’s the longest running P2P platform

    • Go to site

    Great for
    Great if you want to put your money away and leave it to grow
    Track record – Only peer to peer lender with 10 years strong performance track record, including through the financial crisis
    Trusted by more lenders than any other P2P company. Zopa has over 50,000 active lenders
    But be aware that
    You can sell your loans to other lenders to access your money however a 1% fee applies to use this service
    With peer to peer lending your capital is at risk and your money is not protected by the FSCS compensation scheme
    You must be 18 years or over to lend your money with Zopa

    Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment as it is not protected by the Financial Services Compensation Scheme, although many lenders do offer their own compensation packages.  Please first read our peer-to-peer guide below to see if this product is right for you.

    • Provider/Product name Access

      Zopa

      Access

    • Expected annualised rate after fees and bad debt 3.3% projected return
    • More details

      You lend to… Real people based in the UK taking loans of up to 5 years who are in the Zopa risk markets A* to C. Your money is automatically split into small chunks and lent directly to a number of sensible borrowers.
      When do I earn interest? Once money is lent to a borrower you will receive monthly repayments of your capital plus interest
      Can I withdraw money before term ends? You can withdraw your money for free as borrowers repay. If you choose to sell your loans to withdraw all, or a lump sum, there needs to be other lenders to buy your loans. With Zopa Access there is no fee to sell your loans.
      Provision fund? Yes, Zopa has a Safeguard fund which is designed to cover expected losses. Their loss expectations are based on their historical loan performance, and assume a similar economic environment. It is not a guarantee.
      How much can I save? From £10, with no maximum
      Founded in 2005 - it’s the longest running P2P platform

    • Go to site

    Great for
    Great if you’re new to Zopa, or if you want to dip into your money occasionally
    Track record – Only peer to peer lender with 10 years strong performance track record, including through the financial crisis
    Trusted by more lenders than any other P2P company. Zopa has over 50,000 active lenders
    But be aware that
    You can sell your loans, as long as there other lenders in the market
    With peer to peer lending your capital is at risk and your money is not protected by the FSCS compensation scheme
    You must be 18 years or over to lend your money with Zopa

    Peer-to-peer lending can offer potentially attractive returns. There is a risk you may lose some or all of your initial investment as it is not protected by the Financial Services Compensation Scheme, although many lenders do offer their own compensation packages.  Please first read our peer-to-peer guide below to see if this product is right for you.

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