Whether you’re new to Zopa, or an early adopter making your umpteenth deposit, your new money follows the same path: it goes into the queue for your selected product, and, typically, it will be matched to sensible borrowers within a week.
Queue lengths can vary, though. We thought we’d take this opportunity to give you a little insight into how our queues are managed:
How quickly we can lend your money is linked to demand: demand from approved borrowers, and demand from other lenders.
- The size of the queue depends on how much demand there is from other lenders like you.
- Speed of lending depends on demand from borrowers that meet our criteria for sensible lending.
- Clicking on the “To be lent” info button by each product on your Lending Summary shows you the daily disbursal rate for that product, along with how much is in the queue overall.
- Only new money goes into the queue. Your repayments, if you have relending switched on, are recycled back into the system and matched to borrowers ahead of new money.
- New money is queued per the date it was funded into Zopa – there’s no product prioritisation.
Questions? Our Customer Services team will be happy to answer them.