So you've got your confirmed rates for a Zopa loan (without affecting your credit score) and you're ready to apply online.

What happens next depends on 2 things: the details you've provided, and how much information is available in your credit file.

We may be able to give you an instant decision, or we may need to carry out some extra checks.

Either: instant decision

As long as we have all the information we need, we can give you an instant decision on your loan.

Or: extra checks

If there are any gaps in the information that we can access through a full credit search when you apply, we may need you to confirm one or more details (identity, income, bank details). You can do this online - it generally takes around 10 minutes.

Once that's done, we may then be able to give you an instant online decision.

If not, we'll review your application manually, which takes 2-3 working days. We will let you know the outcome by email.

And then: money transfer

If your loan is approved, we'll automatically send the money to your bank account. It will arrive within 3 working days.

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