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Can anyone recommend Zopa for loans

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I have done a search for cheapest personal loans with no redemrtion penelties and Northern rock comes out top at 5.8% for £5000...
Having read through some of the info on here and researched in other areas, can anyone shed any light on Zopa... I have never heard of them, but their ways of thinking seem interesting.
Has anybody used them???

Comments

  • Amba_Gambla
    Amba_Gambla Posts: 12,107 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I can't offer any advice on zoppa, except that you get £80 casback by using quidco...

    www.quidco.com
  • dwsjarcmcd
    dwsjarcmcd Posts: 1,857 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I don't really know much about them, except they are a money trading platform where individuals offer to lend money out to others, with ZOPA being the conduit for this. Some reasearch I had undertaken (for another reason) was very complimentary about them, the concept and the rates that can be achieved.
  • Zopa are great! Used them, so have a few people i know. Process can be drawn out - ie. you apply on monday only get funds following tuesday but great service, friendly folk!
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