Zopa Personal Loan
Zopa offers personal loans from £1,000 to £35,000 with APRs ranging from 5.9% to 34.9%, and terms between 12 and 60 months.
Last checked on October 16, 2026. We may earn a commission when you click through.
Zopa Personal Loan
Updated 2 hours agoAPR Range
5.9–34.9%
Amount
£1k–£35k
Term
12–60 months
Type
personal
You'll be redirected to zopa.com
Our Verdict
Zopa's personal loans feature a online application and quick approval, making it value efficiency. However, the upper APR can be steep, potentially making it less appealing for borrowers with weaker credit histories.
Best For
Borrowers with varying credit scores looking for flexible loan amounts and quick processing times.
Watch Out
The high maximum APR of 34.9% could lead to significant repayment amounts for those with lower credit scores.
Pros
- Fast approval process
- No origination fees
- User-friendly online platform
- Soft credit check available
- Flexible loan amounts
Cons
- High maximum APR of 34.9%
- Limited to UK residents
- Minimum borrowing amount may be high for some
- Potential for high monthly payments
- Interest rates can vary significantly based on credit score
Full Review
Zopa's platform excels with its user-friendly interface, enabling applicants to check eligibility via a soft credit check without impacting their score. Approval can be secured in minutes, which is advantageous for urgent financial needs. However, the APR range is quite broad, and many may find themselves at the higher end if they have less-than-perfect credit.
Unlike some competitors, Zopa has no origination fees or prepayment penalties, which is a significant plus for borrowers who prefer flexibility. It's that while their rates start at 5.9%, many applicants may not qualify for such low rates.
Who Is This For?
Individuals looking for personal loans in the UK, especially those who appreciate a swift online application process.
What Borrowers Say
Borrowers appreciate Zopa's quick application process but caution about the variability in interest rates based on creditworthiness.
Summary
Zopa provides personal loans ranging from £1,000 to £35,000 with terms of 12 to 60 months and an APR between 5.9% and 34.9%.
About This Loan
Requirements
- UK resident
- 18+
- Soft credit check first
Similar options
Everyday Loans for Imperfect Credit
PersonalAPR
39.9–299.8%
Amount
£1k–£15k
Term
18–60mo
Best for: This service is best for individuals who need face-to-face support and have credit challenges, allowing them to borrow between £1,000 and £15,000.
Tesco Bank Personal Loans
PersonalAPR
6.0–19.9%
Amount
£1k–£35k
Term
12–84mo
Best for: Best suited for Tesco customers looking to earn Clubcard points while borrowing, with flexible repayment options.
Asda Money Personal Loans
PersonalAPR
6.9–19.9%
Amount
£500–£25k
Term
12–60mo
Best for: These loans are best for existing Asda Money customers looking for preferential rates and those with a good credit score seeking amounts between £1,000 and £25,000.
APR
4.9–14.9%
Amount
£1k–£25k
Term
12–120mo
Best for: Homeowners planning renovations who want to spread cost over a longer period.
Nationwide Personal Loan
PersonalAPR
5.5–19.9%
Amount
£1k–£25k
Term
12–60mo
Best for: Nationwide members looking for a personal loan with fixed payments and .
Virgin Money Personal Loans
PersonalAPR
5.1–29.9%
Amount
£1k–£25k
Term
12–60mo
Best for: These loans are best suited for individuals seeking a straightforward, online application process with no early repayment charges.