Can I repay my loan early if I like?
For example, a £5000 loan over 36 months at 9.0% APR would cost a total of £5695 if you took the full 36 months to repay. But if you made your normal repayments and then repaid the whole of the remainder after 12 months, it'd cost a total of just £5373 - saving you £322. If you repaid in full after 18 months, the total cost would be £5509, and after 24 months it'd be £5609. So you can see the earlier you repay, the more you save. And Zopa don't charge a penny for this facility. However, you cannot settle or make an extra payment towards your loan whilst your monthly payment is in processing.