Borrowing at Zopa

Can I repay my loan early if I like?

Unlike other loan providers, at Zopa early repayment fees simply do not exist. You can repay early, or in lump sums, at no extra cost. Because Zopa calculate the interest on your loan on a daily basis, this means you can reduce the total amount you would repay.
However, you cannot settle or make an extra payment towards your loan whilst your monthly payment is in processing.

Last Updated: 22 October 2015, 09:53am
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