Zopa
Neobank
Savings
Personal
Credit Card
Сredits and loans
Investing/Trading
Mobile Apps

Zopa was the first peer-to-peer lending startup to begin in 2005. The fintech company provides inexpensive loans with low-interest rates, allowing clients to manage their money without stress. They revealed their aim to become a bank in 2016, and in December 2018, they were awarded an unrestricted banking license.

Services

  • Personal IBAN

  • Affiliate program

  • Cashback

  • SEPA

  • Loyalty program

  • Insurance

  • Multicurrency account

  • SWIFT

  • Card

  • Crypto

Details

Details
Founded:

2005

Has mobile app:

Yes

Has web version:

Yes

Has apple pay:

Yes

Has google pay:

Yes

Contacts:
Languages:

English

Emi type:

Neobank

Available in these countries:

GBR

Jurisdiction:

GBR

Licenses:

FCA

Main info

Main info
Main service fee text:

0 GBP

A missed payment fee of £12 if you don’t make your minimum monthly payment on time.

Account opening fee:

0 GBP

Deposit fee:

Bank transfer
Faster Payments

Withdrawal fee:

Bank transfer

Main currency:

GBP

Number of currencies:

1

Conversion fee:

0%

Credit:

Personal loans/ Car loans/ Debt consolidation loans/ Home improvement loans/ Wedding loans: 15,4%

Interest account:

Smart Saver: 2,12-2,55%
Fixed Term Savings: 4-4,56%

Card

Money transfer

Card
Has card:

Yes

Has virtual card:

Yes

More info:

Rates from 24.9%, Representative example: 34.9% representative APR variable based on an assumed credit limit of 1200 GBP. 34.9% p.a. variable purchase rate.

Payment card type:

Credit

Card provider:

Visa

ATM withdrawal fee:

3 GBP/transaction

Card limits:

1500 GBP

Money transfer
Money transfer speed:

20 minutes up to 2 hours

User Reviews

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Brando

Set up a set of accounts as rates are competitive and it's possible to have a number of different ones for different things. Can add funds from other banks directly from Zopa account. Don’t like - the interface and that ‘debt consolidation’ is ‘suggested for you’ every time I access the app. I came here to save, not to be suggested that I should be consolidating debt.

John Thompson

Great service from beginning to the end. The ZOPA app makes everything simple and straightforward.

LimeGreen

Applied on line, easy and simple, quick response, down loaded the app, ready to go.

A Dunn

Bing, bang, bosh… easy. No hassle & great communication. If you apply once it’s much easier to apply again. Just paid up early & have got to say first class experience

Eden Mahachi

I have been a ZOPA Customer for a while now and have been very satisfied with all aspects of the service I have reviewed

KATHY

I have reported fraud and they are doing nothing about it the call centre staff in India keep lying to me on the phone and every time I phone they say it’s the first time they’ve heard about it. Stay away this company does nothing when fraud happens. Scumbags

Ian Thompson

Really easy straight from the start and fast decision. Great portal informative and straight forward. Paying loan off 2 years early was also no hassle and I like the fact that you can just do it via the DD already set up.

Carol Sayers

The process was extremely long. At first it was supposed to take 2-days and I kept receiving emails telling me it was going to take longer. After a while they got back to me telling me what I uploaded was incorrect. However, what I uploaded was not incorrect. I had even called them before hand to make sure and the agent who answered told me it was correct and it wait for a decision

Brian

I can only say that it was fast ,easy to apply and low intrest rate loan i have ever had

Jackie Thomas

I'm a Smart saver user and never thought of writing a review until now. The app is easy to use, funds are quick to move and it's all unfussy, clear and easy.

Michael Milham

Excellent onboarding process, super easy app and the customer service is great. I especially love the early loan repayment section that instantly tells me what my future repayments will be based on how much of an additional payment I make! Leagues above all other lenders, so impressed!

M Nasiry

The interest was very reasonable, easily set up, good customer service, good site to check balance etc.

Customer

Great company to deal with - good app and quick to supply redemption figure.No hassle to settle and repay loan early.Would use again

Willow the wisp

Zopa provided a zero hassle Low interest rate loan. Zopa has a great app where they provide everything you need to know about your loan including the ability to make early repayments with ease.Would 100% take out my next loan with Zopa! Cannot recommend highly enough!

Lauren Harper

Why does it take a week for Zopa to recognise I paid my loan off early, when payment went directly out of my bank account as paid? Also. Despite an eventual email recognition, your app still shows the loan as active. Real poor IT systems to match the customer service.

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