Zopa is the UK’s leading peer-to-peer lending service. They reward people who are good with their money by providing low rate loans and high interest returns.

Zopa was voted ‘Most Trusted Personal Loan Provider’ in the Moneywise Customer Awards for the past 5 years in a row.

Zopa is a founding member of the Peer 2 Peer Finance Association (P2PFA) industry group and FCA regulated.

What type of funding does Zopa provide?


requirments_icon1Loan Amount
£1,000 – £25,000

1 year to 5 years

Fund received
Up to 48 hours

What do I need in order to qualify for funding?

To qualify for a business loan through Zopa, an individual must be a sole trader, over the age of 20, and have at least 2 years of trading history.

How do I apply to get funding?

To apply, an individual must provide all information required within the online application and submit it to Zopa directly.

Find the right funding for your business

What is the process to receive funding?

Once the individual applies for a business loan, he or she will be provided with a quote directly from Zopa, after which a decision will be made in 24-48 hours. Upon approval, the funds will be available immediately.

“Really easy application, very competitive loan rate, straightforward the application process.The rate was about half that which I was quoted by my bank and the load was approved in under 24 hours with the money in my bank 2 days after that.” Pablo Smith

Does Zopa run a credit check?

Zopa declares that it credit checks all applications to ensure the applicant is eligible and can afford the loan.


Do I have to provide security or a guarantee?

Zopa does not provide information on whether or not it requires security or collateral for a business loan.


Are there fees involved?

There is a fee associated with receiving a business loan through Zopa, which depends upon the individual circumstances. As an example, Zopa asserts that on a loan of £7,500 over 5 years, a £140 fee will be assessed.


What are the loan rates?

Although rates vary, Zopa provides an online calculator with rates that range between 7 and 16% APR.


What documentation do I need to provide?

The applicant must provide documentation showing that he or she is a sole trader, over 20 years old, and has a 2-year history of trading.


How long will it take for money to get into my account?

A decision will be made by Zopa within 24-48 hours of a business accepting a quote. Upon approval, the funds will be transferred to the business owner immediately.


What happens in the case of a default?

For business loans, Zopa does not provide information on what happens in the event of a default.


Is Zopa regulated?

Zopa is regulated by the Financial Conduct Authority.