Why choose Zopa as your personal loan provider?

Can I consolidate multiple Zopa loans?
- Yes, you can. To consolidate one or more existing Zopa loans. 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.
How much credit can I get with Zopa?
- The total amount of credit is £10,000. The rate you are offered will depend on your individual circumstances. 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.
Why has Zopa launched a different type of bank?
- It works so well that we want to give our customers access to other great products and tools, empowering them to better manage their money. That's why we've launched a different type of bank. You get a fair deal as standard. At Zopa there are no catches like offers only for new customers.
Why choose Zopa to lend money?Why choose Zopa to lend money?
We’ve lent out over £6 billion and are proud to have made money work better for over half a million people across the UK, whether they were looking to borrow, save or invest. You get a fair deal as standard. At Zopa there are no catches like offers only for new customers.
How do I consolidate my Zopa loans?How do I consolidate my Zopa loans?
To consolidate one or more existing Zopa loans. 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.
Is Zopa regulated by the FCA?Is Zopa regulated by the FCA?
We led the charge in seeking regulation for the peer-to-peer loans industry to make sure your needs are always put first. Today, it's regulated by the Financial Conduct Authority (FCA). Can I borrow more? 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?
Does Zopa categorise borrowers based on risk?Does Zopa categorise borrowers based on risk?
Everyone that we do approve is categorised based on their risk and given an interest rate personalised to them. † Based on applications via ClearScore May 2018 – March 2019, representative of Zopa's borrower approval rates.

