23 February 2017
Visit dh.com

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

27 November 2012  |  2285 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 Yelloco.co.uk

Who is commenting?

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain Technology
13158 views 1 | 13 tweets | 6 linkedin
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
11322 views comments | 51 tweets | 70 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
7977 views comments | 40 tweets | 33 linkedin
Standard Chartered connects corporate customers to WeChatStandard Chartered connects corporate cust...
6240 views comments | 17 tweets | 19 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6159 views comments | 17 tweets | 13 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job