We love banks (because their staff love us!)
We have always claimed that a loan from Zopa represents great value for anybody in search of an unsecured personal loan.
This week, we were doing some new analysis on our customers (we always want to understand how we can better meet our users’ needs). And we discovered some amazing proof.
It turns out that scores of people have recently taken out an unsecured loan with us even though they work in a bank. Yes, lots and lots of folks, who are sometimes even entitled to get a staff discount on their employers’ own loan products, have found that Zopa loans are still the best deal.
Here is just one quote from a borrower.
‘I am full time employment with HSBC. Staff loan rates not as good as Zopa !!
I prefer to have an ‘open’ payback method, to allow me to pay extra monthly payments to my bills when I have the spare cash to do so…
And found banks just want a fixed monthly payment.
I like the concept of Zopa because it feels like I am entering a contract on an equal basis. I do not have that feeling when dealing with a bank or building society. I appreciate the ability to repay early because circumstances can change.
I just think this Zopa thing is a fabulous idea, everybody wins, people get higher rates for their investments and lower rates for their borrowing and we cut out the banks-it’s a superb idea!’