Zopa Loans

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  • Zopa Loans
  • Steady interest growth over 20 months

Reviews - Zopa Loans

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Excellent

Better interest rates for borrowers and lenders al...

Lenders - Don't tie up money you might need quickl...

Revised: November 2010 When I first wrote this opinion inflation was zero (allegedly). Unfortunately this news didn’t seem to have percolated through to my house insurers, and neither had it, when the time came for my car insurance to plop onto my mat. Coupled with savings, even those in tax-free...

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Super

“MONIES FOR ME”

published 09/03/2011

Easy to use, better rates than banks for lenders a...

Lending for 36 or 60 months no other choice

I first started lending money on Zopa in May 2010 and was initially apprehensive because I had never heard of Zopa never mind the concept of ‘social lending’ or ‘peer to peer lending’. However, it has been actually pretty rewarding overall as my bank pays little interest on my regular savings...

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Excellent

“Zone Of Possible Agreement”

published 13/04/2007

Very easy to use

None worth mentioning

Zopa, What is it? How was it formed? What benefit is it to me and you? Let me tell you in plan and simple terms. Zopa is as the title may suggest, an area where possible agreements may occur. The community itself is made up of two types of people, LENDERS and BORROWERS. You may wonder about what...

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Excellent

“The wacky loan-zone”

published 10/04/2007

Easy to use, excellent rates, cut out the banks

Some longer term rates can be less competitive for...

What's good about a Personal Loan? If all the junk mail and newspaper ads from the big banks are to be believed, a Personal Loan is a great product that everyone should have! In reality, the best thing is usually receiving the money, and buying your big-ticket item or paying off those debts...

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Excellent

“Loan (ar) Ranger”

published 10/08/2009

Fun, easy to lend, makes you feel good, can earn b...

Can lose your money, your money is tied up - I mea...

Zopa is a company based in the UK which offers an alternative way to make money for those who want to make money, or an alternative way to get a loan for those who want to get a loan. It's a bit like ebay, but for loans. How it works — borrowers You can apply for a loan either by creating a...

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Excellent

Better rates than you would get at a bank

None so far

If you have spare money 9 times out of 10 you will put it into a bank account and the bank will pay you interest. Banks then pretty much do whatever they like with it. Some of it they lend to people who need to borrow. Some of it they give to their shareholders. As we all know banks make lots of...

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Super

“Banking on real people”

published 18/08/2005

Not a bank, easy to use website, low rates, no ear...

Max 3 years, rates not guaranteed

I found Zopa when I was looking around for a loan I wanted to consolidate my debts. It's a bit of a game I play with myself, and one in which I always believe that this time I really will pay off my credit cards, whilst not using them for the next holiday at the first sign of the cloud of never...

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Satisfactory

Zopa professes to help people with irregular incom...

But in reality it does not take the 'individuals' ...

Well, I failed to see the difference between Zopa and any of the traditional lenders. I'd be in the category of freelance, self- employed, hardworking but cautious with my money. An ideal candidate you might think, but no such luck. I was heartened to hear that Zopa say "they're interested in a...

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Satisfactory

“Not as human as it looks.”

published 26/12/2005

Efficient processing of data.

Illogical lending decisions, without feedback.

I applied for a loan with Zopa. The processing was clear and efficient. My credit rating was assessed positively, considerably higher than the minimum for an A graded loan. I also made it clear that I had considerable positive equity and that my next payment from self-employment would be...

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Not for me

NONE HIDDEN CHARGES

LOTS OF PEOPLE PAYING INTO THAT WILL GET A FEW QUI...

*** GO TO YOUR BANK**** APPLIED FOR £2500 LOAN TO PAY OFF £1000 LEFT ON A £10000 LOAN WHICH I REPAY £200 A MONTH THEY REFUSED AT £117 A MONTH? GOD KNOWS WHY AND ALSO THEY LUMPED ON A £150 FINDERS FEE THAT I WAS UNAWARE ABOUT THEN HAD THE CHEEK TO PUT A £50 QUICK ANSWER FEE ON THAT HAD TAKEN JUST...

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Question

published 20/03/2011

Details of Zopa Loans As the promotions that each product of Zopa Loans make people can get loan without much more rates or compe...
Open question Answer

Answer

published 23/12/2011

At Zopa, people who have spare money lend it directly to people who want to borrow. There are no banks in the middle, no huge overheads and no sneaky fees, meaning everyone gets better rates.

Question

published 27/08/2012

I am aged 65 male still working full time and drawing a pension I want to buy a canal boat I need £20.000 A mortgage is difficult at my age I can pay back the money over the next 5 years is this possible . E-Mail ...

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