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Zopa Launches Loans Under 5% APR

Posted on 17 May 2013 by Mat Gazeley

We are proud to announce that we are helping sensible borrowers get a good deal by cutting our loan rates to 4.9% Rep. APR for loans between £7,500 and £10,000 over 3 years.

This new rate is currently the cheapest on the unsecured personal loans market.

The 4.9% Rep. APR rate offer will run until Wednesday 22nd May. Borrowers looking for a loan over 4 or 5 years for £7,500 to £10,000 will be offered a loan at 5.1% Rep. APR. To borrow you need to have a good credit rating and can get a personalised soft-search quote which does not impact your credit score. The rate you are quoted will be the final APR you will pay once your loan has been approved. As always, we are rewarding Zopa customers for paying loans back early with no early repayment fees.

Plus with Zopa you are borrowing from other people like you. Your loan is funded by UK savers lending their money to you through Zopa’s peer-to-peer model. A nicer alternative than going to your bank.

Zopa rewards borrowers and savers who are good with their money. We believe that sensible people who can manage their repayments should be offered a great loan rate. By being the first lender in the UK to offer 4.9% Rep. APR loans between £7,500 -£10,000 we are going even further to ensure Zopa is driving the costs of loans down and providing real value to our customers.

If you are interested in finding out if you would qualify for the new offer then do a soft search online for a Zopa loan.

Category: Borrowing

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