Loans with the help of your nearest and Zopa

The first-ever "How Low Can You Go?" promotion is being conducted by Zopa, the social finance pioneer to allow borrowers to use the power of social networks reducing - even eliminating - their monthly payments.

It works this way. A customer borrows from Zopa for what's most important to him. After Zopa helps to reach out to the customer’s friends, family or other people and ask them for a help. Most important - and unique in social lending - Zopa guarantees that people who invest in the customer will get their money back.

Participants of the promotion will have their loan payment reduced to 50 cents per month or more and receive an additional $50 one-time reduction. Besides, Zopa offers awards to the three borrowers who managed to reduce their monthly payment the most. Such borrowers will receive an additional $1,000, $750 or $500 CD respectively from the Zopa.

To offer attractive interest rates on personal loans and CDs Zopa entered into the partnership with credit unions. Only customers that applied for in the month of August and commenced by September 15th will be eligible for the promotion.