- Eligible customers able to access personal loans of up to £35,000
- Loans to be delivered by trusted partner, Zopa Bank, to support customers with the big events in their lives and the smaller moments in between
John Lewis Money is now offering loans directly to customers through its website, in a partnership with digital bank Zopa.
This comes in response to strong customer demand for personal loans to fund that next big money moment, coupled with the popularity of an existing Zopa loan product that John Lewis has offered through price comparison websites only since 2023.
With loans starting from £1,000, the move makes Zopa Bank’s trusted loan products accessible to more John Lewis customers - whether it’s for a new car, the wedding of their dreams, or making a house a home. The maximum loan available is £35,000, with the term ranging from one through to seven years.
Customers will benefit from the eligibility check, which means they can see how much they can borrow and at what interest rate without any impact to their credit score. Once their application is submitted and stringent checks completed, customers will receive the money in less than two hours.
Andy Piggott, Director of Credit and Banking at John Lewis Money, commented: “We are delighted to extend our partnership with Zopa and bring a new product directly to our customers. Whether it’s time to tackle the boiler upgrade before the winter really kicks in, or getting the nursery ready for the arrival of a new family member, we want to be there to support customers during all of their key life moments.”
Tim Waterman, Chief Commercial Officer at Zopa Bank, said: “Consumers have a long-held trust in John Lewis, and we’re pleased to be working with them to help more people access better-priced credit. Zopa Bank has always been focused on providing customers great value and experience. We have led the movement towards personalised rates and instant loan approvals and currently serve over 1 million customers in the UK. Today’s partnership brings this award-winning experience into the John Lewis ecosystem, benefiting millions more consumers.”
Loan repayments are fixed monthly amounts, making it straightforward for customers to keep on top of their loan. Customers will also be able to check payments any time in their online account.
To learn more about the loan and check eligibility, customers should head to the John Lewis Money website: https://www.johnlewisfinance.com/
