Have you ever wished that the process of getting a loan were much easier?

How about a network of people lending and borrowing money from each other? Well that is what Zopa is all about. Zopa Stands for Zone of Possible Agreement.

Zopa is currently operational in the UK but it will soon be coming to the US. Once it’s here we will have a new way to get online loans. I checked their current rates and I found that their rates for borrowing money and a personal loan’s interest rate is only 5.2% right now. That sounds pretty good to me. Imagine, when Zopa gets here we’d be cutting out the bank and all it’s charges for paperwork, and administration if we lend or borrow money through this Online loan company.