Zopa: Social Lending

Social Lending is a smarter, fairer and more human way of doing money. It's like borrowing and lending with your friends and family, except there are thousands of people you can lend and borrow with. Both lenders and borrowers get better rates, because Social Lending is more efficient than the traditional banking model. Banks have massive overheads, with thousands of employees to pay and hundreds of branches to maintain. So they have to take large margins on the money that passes through them. Rates on Zopa loans are set by lenders, not by Zopa. See what these friendly folk are offering compared to other loan providers. No banks, rather than making the fat cats fatter, you borrow from and pay interest to Zopa lenders.