Zopa loan calculator

Use our Zopa loan calculator to get an idea of how much you'd pay back on a fixed-rate, unsecured Zopa personal loan as a new or existing customer. Loan amounts between £1,000 and £35,000 with rates starting from 22.9%.

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Table: sorted by representative APR, promoted deals first
1 of 1
Product Finder Score Loan amounts Loan terms Repayments
Zopa logo
Finder score
Finder score
£1,000 - £35,000
1 year - 7 years
£375.72
(£13,525.76 overall)
Representative Example: Representative 22.9% APR fixed. Based on a loan of £10,000 for 36 months at 22.9% p.a. Total £13,525.76 repayable at £375.72 per month.
Representative Example: Representative 22.9% APR fixed. Based on a loan of £10,000 for 60 months at 22.9% p.a. Total £16,164 repayable at £269.4 per month.
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Finder Score for unsecured loans

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Late repayments can cause you serious money problems. See our debt help guides.

How do Zopa loans compare against the competition?

See today's rates from across the personal loan market.

Zopa loan rates at a glance

The Zopa Personal Loan charges 22.9% APR representative on loans between £1,000 and £35,000. Zopa offers the unsecured personal loan with repayment terms between 1 year and 7 years, and applicants can apply to borrow from £1,000 to £35,000.

Key features of Zopa personal loans

Loan typeUnsecured Personal Loan
Loan amounts£1,000 to £35,000
Loan terms1 year to 7 years
Loan rate typefixed
Product fee0%
Same-day funding available
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methodsDirect debit,Standing order,Electronic transfer

All interest rates are fixed for the duration of your repayment period, however the rate you’re offered will depend on factors like the amount you apply for, the term of the loan, your credit rating and your income. It may differ from the advertised Representative APR.

APR and Representative APR explained

The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan. Because Zopa doesn't charge an arrangement fee, its APR comprises just the interest rate – and so they're one and the same.

However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what Zopa gives to at least 51% of those who take out the loan. The other 49% could pay more. Zopa must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.

Zopa advertises a representative APR of 22.9% on loans between £1,000 and £35,000 on the Zopa Personal Loan.

What is Zopa?

Zopa was founded in Buckinghamshire in 2004 by a team from the digital banking company Egg Banking, and at the time was one of the only peer-to-peer lending platforms. It gave a chance for UK investors to access a market of borrowers without the unnecessary need for a financial institution like a bank. In Decemeber 2021, Zopa exited the p2p lending market to focus on banking. Zopa announced in November 2016, that it would apply for a banking licence and by May 2017 it had become fully regulated by the Financial Conduct Authority.

Zopa provides “unsecured” personal loans – meaning they’re based on creditworthiness, rather than the use of property or other assets as collateral. Its rates differ according to the applicant – so to get those competitive advertised APRs you’ll need excellent credit.

Am I eligible for a Zopa personal loan?

When applying for a personal loan with Zopa, factors such as your credit history, income and the amount you apply for will be considered. You shouldn’t apply unless you’re certain you can meet the repayment terms, and you meet the following criteria:

  • Aged 20 or above.
  • Able to confirm your identity (Passport/ Drivers licence).
  • UK resident with 3 years of address history.
  • Employed, self-employed or retired with a pension.
  • Annual income of £12,000 or above (before tax).
  • Visible credit history with a good track record of repaying debt.

How do I apply?

If you’ve decided that a Zopa personal loan is right for you, then you can apply online in just a few minutes. You can use an eligibility checker beforehand with no impact on your credit score.

Zopa customer reviews

In our independent 2025 customer satisfaction survey, 80% of Zopa’s users said they’d recommend the brand to a friend. Customers highlighted the brand’s good customer service and easy to use online banking. Here’s what some of those Zopa customers had to say:

“They are quick and easy to apply for and their customer service is excellent.”

“Helpful information about the loan and the application process was straightforward.”

Online reviews for Zopa

Zopa’s got good reviews across the board for both its service and its app (updated May 2024):

Trustpilot Google Play Apple App Store

★★★★★

4.5 out of 5
Based on 24,549 reviews (updated )

★★★★★

4.7 out of 5
Based on 17,011 reviews (updated )

★★★★★

4.9 out of 5
Based on ‎34,656 reviews (updated )

Customers love the company’s great levels of service and good interest rates, but some complain about having to wait longer than expected to find out whether they’ve been approved and to receive the money into their accounts.

Customer support

To contact Zopa’s customer support, you can start an online chat on the website, or you can call Zopa on 020 7580 6060. Lines are open Monday to Friday 9am – 6pm and Saturday 9am – 5:30pm.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
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Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 544 Finder guides across topics including:
  • Loans & credit cards
  • Building credit
  • Financial health
  • Share trading

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