26 August 2016
Find out more

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

27 November 2012  |  2203 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)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit VocaLink.comFind out more

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain: what to expect for 2017?
8879 views 0 | 56 tweets | 46 linkedin
hands typing furiouslyBig Data's Three Big Trends in 2016
7351 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
7023 views 11 | 24 tweets | 9 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6381 views comments | 17 tweets | 19 linkedin

Featured job

Find your next job