Personalised loans from £1,000 to £35,000 in under two hours
- John Lewis Money partners with Zopa Bank
- Personal loans available from £1,000 to £35,000
- Loan terms range from one to seven years
- No impact on credit score for quote
- Money accessed in under two hours after approval
- Zopa Bank serves 1.3 million customers
John Lewis Money, the financial services arm of John Lewis Partnership, has partnered with Zopa Bank to offer personal loans to its 23 million customers. The partnership will see Zopa Bank’s digital-first personal loan product embedded on the John Lewis Money website, providing more finance options for customers. Customers can get a personalised loan quote in three minutes without affecting their credit score and receive funds within two hours after approval. Loans range from £1,000 to £35,000 with terms spanning one to seven years. Zopa Bank currently serves over 1 million customers in the UK with personal loans, credit cards, point-of-sale retail finance, car finance, and savings accounts. Tim Waterman, chief commercial officer at Zopa Bank, said: ‘Consumers trust John Lewis, and we’re pleased to help more people access better-priced credit through this partnership.’ Andy Piggott, director of Credit and Banking at John Lewis Money, added: ‘Zopa Bank has been a trusted partner for almost two years; we’re excited to offer their loans directly on our website, helping customers turn ambitions into reality.’
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about the partnership between John Lewis Money and Zopa Bank, including details on loan options, benefits for customers, and quotes from representatives of both companies.
Noise Level: 2
Noise Justification: The article provides relevant and accurate information about the partnership between John Lewis Money and Zopa Bank to offer personal loans to customers. It includes quotes from representatives of both companies and details about the loan options available. The content is focused on the topic without diving into unrelated territories.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the partnership between John Lewis Money and Zopa Bank to offer personal loans to John Lewis’s customers, which is related to financial services and products. It does not mention any specific impact on financial markets or companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event in the text.
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