Who are Zopa Loans?
Zopa personal loans was set up by former directors of Internet bank, EGG. Zopa is a peer-to-peer lending and borrowing exchange that eliminates the middle-man. Zopa loans cuts out banks meaning that regular people lend to each other. The credit scoring process is identical to that used by the banks and they lend only to those with good credit scores. document.getElementById(‘adsense_placeholder_1’).innerHTML = document.getElementById(‘adsense_ad_1_hidden’).innerHTML; How Much Will Zopa Loans Lend Borrowers? Based on affordability, someone can get a personal loan for between £1,000 and £15,000. The term of Zopa personal loans is either 36 or 60 months. However, a borrower can repay their personal loan at any time should their circumstances change. Zopa Personal Loans Lending Criteria — A*, A, B, C Markets • Age. All borrowers must be aged above 25; • Income. Those wishing to take out a Zopa personal loan require an income of at least £25,000 per annum before tax; • Electoral register.
