Zopa Personal Loan 8.20%

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Zopa Personal Loan 8.20%
Moneynet offers a comprehensive selection of the best UK personal loans including secured loans and unsecured loans. For each personal loan provider, moneynet shows the typical APR (interest rate), number of repayments, total repayment amount for the loan and any early redemption penalties. Example based on £7,500 unsecured loan over 60 months (5 years)

Zopa personal loan Details
Lender:	Zopa
Typical APR:	8.2 %
Amount:	£ 7,500
No. of monthly repayments:	60 months
Monthly Repayment:	£ 151.74
Total Repayable:	£ 9104.37
Max Term:	5 Years
Early Repayment Penalties:	None
Additional Features:	Internet applications only, maximum term three years
Notes:
Loan A. Minimum age 18. Maximum loan available is £15,499 refer to Zopa for loan amounts not shown. Funds available by BACS. Credit rating will determine loan rate available Unpaid direct debit fee of £20 if failed a second time. Zopa lets people who have spare money lend it directly to people, who want to borrow it. No bank in the middle, no huge overheads, no unethical investments. All lenders and borrowers enter into a legally binding contract with their respective borrowers and lenders. Zopa manages the collection of monthly repayments and if any of that money is not paid on time, uses exactly the same sort of recovery processes that the high street banks use. Zopa earns money by normally charging borrowers an exchange fee of 1% (opening offer - zero exchange fee).

Zopa personal loan Details