01 July 2015

Zopa passes quarter of a billion in peer-to-peer loans

27 November 2012  |  1990 views  |  0 Source: Zopa

Following many months of record breaking loan figures, the total amount lent by Zopa savers to Zopa borrowers has passed £250 million - a quarter of a billion pounds. This follows loan figures in October that were 90% up on the same month last year.

Giles Andrews, CEO and Cofounder of Zopa said, "Passing the quarter of a billion milestone with monthly volumes way up on just a year ago, proves that increasing numbers of people are looking beyond the banks to find the best savings and borrowing rates."

"At Zopa responsible borrowers with a good credit record can get rates lower than the banks are offering and with no early repayment penalties. And long suffering savers no longer need to watch inflation eat their savings while banks continue to pay derisory rates - lenders have enjoyed an average fixed rate return of 5.4% p.a. on loans they've made over the last 12 months, after charges and average defaults have been deducted."

"We bring responsible people together around an approach that is uniquely self-supporting and presents UK savers and borrowers with a better alternative to their bank."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Top topics

Most viewed Most shared
Global fintech investment triples - Accent...
9056 views comments | 47 tweets | 27 linkedin
Barclays takes on Apple with wearable paym...
8022 views comments | 38 tweets | 32 linkedin
Wells Fargo to usher in voice and facial b...
6196 views comments | 20 tweets | 25 linkedin
European ACHs form Sepa joint venture
5175 views comments | 22 tweets | 15 linkedin
E-commerce goes mobile
5162 views comments | 23 tweets | 21 linkedin

Featured job

to £100K base, double OTE, stock options
London, UK

Find your next job