Borrow money with social lending!
Social lending provides a way for ordinary people like you borrow and lend money between each other, without using a bank. This has several advantages:
If you're a social borrower, you know the interest you pay is going to another individual, not a bank, and you get competitive rates
If you're a social lender, you could get competitive returns on your money, usually better than if you were to put it in a savings account
The world's first and most well-known social lending provider is Zopa, a website where borrowers and lenders can connect. Zopa loans work by:
- You pay a small fee to take out a loan
- Lenders offer you rates based on your credit rating
- You choose the deal that you think is the best
- You set up a monthly repayment scheme
To compare Zopa loans with other leading lenders, click on the links in the table below:
|Lender||Min - Max Loan||Credit History||Representative APR||Term||Apply|
Zuto Car Loans
|£1,500 - £50,000||Good to Poor Credit||19.1%||2 to 5 Years||Get Quotes >|
|Take charge of your car finance with Zuto. Loans of £1,500 - £50,000 for 2-5 years. Representative Example: The Representative APR is 19.1% (fixed) so if you borrow £7,500 over 49 months at a rate of 19.1% p.a. (fixed) you will repay £218.78 per month and repay £10,501.26 in total. b>|
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.