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£1000 loan for £2.96 in fees zopa.com
£1000 loan for £2.96 in fees zopa.com

£1000 loan for £2.96 in fees zopa.com

Buy forBuy forBuy for£2.96
GETGet dealVisit site and get deal
A loan of £1,000 over 1 year will cost you £87.52 per month at a representative 9.5% APR.

The total cost after 1 year is £1,050, which includes £30.23 interest at 5.6% fixed and a £20 fee. The total amount of credit is £1,020.

Loan over 1 year £1,000

Origination Fee

The origination fee is already included in your £87.52 monthly repayments.

+ £20.00

Total loan amount £1,020.00

Interest at 5.6% fixed + £30.21

Total cost £1,050.21

Topcashback New Valid Loan £47.25

Total outlay, £2.96

No early repayment fees and cash in your account within 3 days

16 Comments

very unusual deal....can't see it getting hot but god loves a tryer

Beats other sharks.

Seems like a good deal if you get the cashback.

Indeed very unusual. Given the risk involved (e.g. varying APRs, likelihood that cashback won't pay out) it would surely be safer, and cheaper, to take out a 0% purchases credit card? There are plenty that offer 0% for 12 months. In fact, some offer it for 24months+. Though, I guess its a fair 'deal' for those unable to get such credit or who need cash in the account.

Top cash back is not guaranteed

hey lets promote people to get into more debt!

zopa do require you to have decent credit history so I would say that if you fail their credit checks then getting a decent credit card with a good 0% offer would also be out of reach

Spam from me. Promoting a finance option on here is like a loan shark sitting in a casino.

Oneday77

Spam from me. Promoting a finance option on here is like a loan shark … Spam from me. Promoting a finance option on here is like a loan shark sitting in a casino.



​Suppose you disagree with deals posted on here for finance on cars then?

Need to chill out a bit. They're not forcing people to take out a loan but it might be handy for someone who is already looking at getting a loan.

Oneday77

Spam from me. Promoting a finance option on here is like a loan shark … Spam from me. Promoting a finance option on here is like a loan shark sitting in a casino.



​except the poster isn't offering the loan.......analogy fail

Oneday77

Spam from me. Promoting a finance option on here is like a loan shark … Spam from me. Promoting a finance option on here is like a loan shark sitting in a casino.



Er, no.

If you already owe money (as I suspect a major segment of the membership base does) and a deal on here makes that debt cheaper, then it's as much a bargain as anything else. Financial products are just as liable to being good or poor value, competitive or not, as any other products.

Don't think anyone is suggesting getting a grand loan out and blowing it just because it's cheap credit.

emiratesstadium

​Suppose you disagree with deals posted on here for finance on cars t … ​Suppose you disagree with deals posted on here for finance on cars then?Need to chill out a bit. They're not forcing people to take out a loan but it might be handy for someone who is already looking at getting a loan.



djames108

​except the poster isn't offering the loan.......analogy fail



Jules_HT

Er, no. If you already owe money (as I suspect a major segment of the … Er, no. If you already owe money (as I suspect a major segment of the membership base does) and a deal on here makes that debt cheaper, then it's as much a bargain as anything else. Financial products are just as liable to being good or poor value, competitive or not, as any other products. Don't think anyone is suggesting getting a grand loan out and blowing it just because it's cheap credit.


I suspect you've never spotted the multiple comments on numerous threads that go along the lines of, " I hate this site, now I've gone and bought something else I didn't need". For many people the site is addictive and compulsive shopping is a debt leader to many.
While I've only "picked" this deal out it stands for many similar deals. £1000 is unlikely to consolidate other debt. The cash back isn't guaranteed so not going to necessarily make this as good a deal as it could be.
I've made my point, if anyone would like to pass their comment feel free. I'm not here to argue but add a balance. Have a good evening and spend, apply and banter as you are.

thankyou for this. does anyone know what the rates and payment will be for 2 years paying back? x

Oneday77

I suspect you've never spotted the multiple comments on numerous threads … I suspect you've never spotted the multiple comments on numerous threads that go along the lines of, " I hate this site, now I've gone and bought something else I didn't need". For many people the site is addictive and compulsive shopping is a debt leader to many. While I've only "picked" this deal out it stands for many similar deals. £1000 is unlikely to consolidate other debt. The cash back isn't guaranteed so not going to necessarily make this as good a deal as it could be. I've made my point, if anyone would like to pass their comment feel free. I'm not here to argue but add a balance. Have a good evening and spend, apply and banter as you are.



Interesting point, but I can't help but think that social responsibility sits a bit beyond a deal site - by the same brush it would be responsible to only post offers for essential items (energy, bread, perhaps a second pair of underwear) if the general public can't be trusted to make their own choices!

Personally, I took out a Zopa loan a few months back and would have welcomed knowing about a deal like this.

Edited by: "jamesakabob" 1st Nov 2016

lovetolaugh

thankyou for this. does anyone know what the rates and payment will be … thankyou for this. does anyone know what the rates and payment will be for 2 years paying back? x


Zopa only do a soft credit check so just check on their website.

Alternatively do a comparison on moneysupermarket and it will be entirely anonymous and show you all loan providers and rates (with probability of acceptance).

thank you for the help. I was just wondering if anyone has gone for one of these loans and has any feedback to make before I decide? x
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