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

What happens next depends on your personal circumstances 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 when you apply online.

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 a few things (ID, income and/or bank details) by uploading documents. It's simple to do this online and takes around 10 minutes.

Once we've got these documents, we may then be able to give you an instant online decision.

If not, we'll review your application manually, which takes around 2 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. This usually happens within 3 working days but can sometimes take longer. This is because Zopa works by directly matching investors with people looking for a loan, we only match people who meet our careful lending criteria.

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