Personal loan from Zopa
Hive is an Introducer Appointed Representative of Zopa Bank Limited, the lender providing personal loans.
Check your eligibility in just 3 minutes to see the loan rates you could get. Checking your eligibility won't affect your credit score.
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People often ask Zopa
Can I borrow more?+
While you can't top up your existing Zopa loan, you could consolidate your existing loan into a new, bigger loan with us. Use the loan calculator to see what rate we could offer you on a new loan, without affecting your credit score.
Can I change the amount I repay each month?+
It's not possible to change your monthly repayment amount once your loan is up and running. That's because it was calculated to repay your exact loan amount over your agreed term.
Can I consolidate my loans?+
You could consolidate your existing loans, whether they're with Zopa or another provider, into a new, bigger loan with Zopa. Use the loan calculator to see what rate Zopa could offer you on a new loan, without affecting your credit score.
Can I make extra repayments or pay my loan back early?+
Yes, you can pay more towards your loan at any time.
The easiest way to do this is in the Zopa app. Head to the 'Borrow' tab, select your loan, tap 'Make an extra payment', then follow the steps.
An early repayment charge will apply if you:
- Make a one-off payment of more than £1,000.
- Repay 95% or more of your outstanding balance.
Zopa will tell you what the early repayment charge will be in the app before you confirm the payment, so there are no surprises.
Things to keep in mind
- You'll still need to make your regular monthly repayment.
- Extra repayments will reduce your outstanding balance, the amount of interest you pay and your monthly repayment amount. Your loan term will stay the same.
- Extra repayments must be at least £10.
- If a regular repayment is being processed, you'll need to wait until it clears before making an extra repayment.
- Once your payment has cleared, Zopa will email you to confirm your new loan balance and any changes to your monthly repayments.
Can I change the repayment date?+
You can change your repayment date easily in the Zopa app. Read Zopa's guide to changing your repayment date.