Zopa provide a revolutionary new way to lend and borrow. Individuals borrow and lend without the use of banks via Zopa’s trusted online system. By sidestepping the banks, individuals can get a much better rate deal. A legally binding contract is made between the lender and the borrower, and both parties benefit from lower rates and better APR.
Borrowers can even repay their loans early without being subject to hidden extra fees or charges – the unsecured loan here is very flexible. The rates will be some of the lowest available and borrowers can wait until the next day if they believe the rate will be better.
Note you will need a good credit history in order to be accepted by Zopa. Individuals applying will be checked and then rated accordingly, so that lenders can access the type of borrower they want – from A* to ‘Young’. You may need to prove that you have a minimum annual income of around £12,000. | 
