Zopa is an online service aimed ay people who want to borrow money or lend money.

Zopa claim to marry up lenders with borrowers to get the best rate of interest for both.

There is a degree of risk if you are lending money, but Zopa has safeguards to minimise your exposure to bad debt.

The money you lend is split between at least 50 borrowers, with no individual receiving more than £200 from you.

Want to lend money with a minimum exposure to risk?

Then Zopa could be for you.

Please note: Moneys Saving Mad does not make recommendations to the suitability of this service, and has not connection in any way with Zopa. You will need to review the details yourself and agree the relevant terms and conditions with Zopa.

If you want to loan money you will need to click on the lend tab on the home page. You can view the Average Lending Rates for the different markets over the past 12 months and compare them with the Bank of England base rate; you then click lend now and fill in your details.

If you are after a loan you will need to get a quote.  Enter between £1,000 and £15,000 and the number of months you wish to repay it over.