In a significant development aimed at expanding financial services, Zopa Bank has announced a new partnership with John Lewis Money, making its award-winning personal loans available to 23 million John Lewis customers. This collaboration seeks to offer consumers more flexibility in their finance options, while maintaining a focus on simplicity, transparency, and value.
From today, John Lewis customers can easily access Zopa’s personal loan offerings via the John Lewis Money website. With a quick and convenient process, customers can receive a personalised loan quote in just three minutes, with no impact on their credit score. Once approved, the majority of customers will have access to their funds in under two hours.
Zopa loans start at £1,000 and go up to a maximum of £35,000, with repayment terms ranging from one to seven years. Whether it’s financing a new car, planning a dream wedding, or making home improvements, John Lewis customers now have direct access to Zopa’s trusted loan services.
This partnership marks a deepening of the relationship between Zopa Bank and John Lewis Money, which has continued to grow over recent years. Zopa Bank’s reputation for delivering customer satisfaction is evident, having been named the UK’s Best Personal Loan Provider and Best Credit Card Provider at the 2024 British Bank Awards.
Zopa’s lending products are designed to integrate seamlessly with partner platforms, with similar successful collaborations in place with brands such as Simba, Emma, Swyft, and the energy giant Octopus Energy.
Consumers’ longstanding trust in the John Lewis brand is a key factor in the partnership, with both companies committed to offering customers affordable and accessible credit options.
Interest rates for loans will vary based on individual circumstances, with credit subject to status and affordability. It’s important to note that missed or late repayments may impact a person’s credit score and future access to credit.
John Lewis Finance Limited is acting as an Introducer Appointed Representative of Zopa Bank, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
This new initiative is set to offer more choice and convenience to millions of consumers, reinforcing both companies’ commitment to enhancing financial wellbeing in the UK.
Reference: https://www.zopa.com/blog/article/zopa-bank-partners-with-john-lewis-money-personal-loans
