Zopa allows individuals to lend and borrow money directly. Lenders can set their own lending rules, such as interest rates and loan terms. They transfer funds to Zopa who matches borrowers to the lenders' criteria and arranges the loans. Borrowers benefit from potentially lower rates than banks and can repay early without penalties. Zopa guarantees that lenders will receive their money back.

1. Based on www.zopa.com

2. Define your rules and terms: Set your rate (time-length for lending, market to lend, etc) Transfer your money: Transfer your money via your zopa account to your borrowers, which is already filtered to your regulations. You can lend from £10 to upwards of £25,000. Your money gets lent out: Zopa arranges your terms and matches them with the borrowers want and send a loan request to them. You can see your account when you’re signing in.

3. Zopa lets you borrow with the most important purpose you have Zopa matches your criteria with the lenders, most of it with low rates, while repaying early with no extra cost Zopa guarantees that the lender’s money will be back