Lenders & Response Behaviour

FinMatch Partner API returns quotes for humm, Zopa, Snap Finance, and Propensio.

Comparison Table

Attributes	humm (live)	Zopa (live)	Snap Finance (live)	Propensio (live)
Min loan	£250	£1,000	£250	£1,000 (standard) or £5,000 (180 month credit products)
Max loan	£50,000	£50,000	£15,000	£50,000
first_payment_type	"Upfront Instalment"	null	"Lender Deposit"	null
first_payment_amount	100.00	"0.00"	1.00	"0.00"
When initial payment is taken	Immediately	Immediately unless a customer deposit is taken, then first payment is taken after 30 days	Immediately	After 30 days for regular credit products, after 3 or 6 months for deferred credit products
Monthly repayments	term - 1	full advertised term	full advertised term	full advertised term
APR	Fixed	Fixed	Variable	Fixed

note

We use the variable "first_payment_type" to normalise the terminology used by different lenders. Lenders require their specific terminology to be used when displaying full rep examples.

If lenders do not have a unique "first_payment_type", we return "null". Make sure to supress "first_payment_type" and "first_payment_amount" when null is returned.

Full Rep Example Comparison

Here is an full rep example with one humm product and one Snap Finance product.

Image comparison temporarily unavailable in this docs build.

• humm has a Fixed APR, while Snap Finance has a Variable APR.
• humm's first_payment_type is called "Upfront Instalment", while Snap Finance's is called "Lender Deposit". We return this information in the response.

humm (live)

• Min loan = £250, max loan = £50,000
• First payment is referred to as "Upfront Instalment".
• humm counts the "Upfront Instalment" as the first monthly repayment, meaning the customer pays one fewer monthly repayments than the term length.
  • e.g. if the term is 60 months, the number_of_repayments will be 59.

humm Example Response

{
  "lender": "humm",
  "credit_product": "36 months (0% APR Interest Free Credit)",
  "purchase_price": "10000.00",
  "customer_deposit": "2500.00",
  "loan_amount": "7500.00",
  "first_payment_type": "Upfront Instalment",
  "first_payment_amount": "208.33",
  "initial_payment_due_value": 0,
  "initial_payment_due_unit": "days",
  "apr": "0.00%",
  "annual_interest_rate": "0.00%",
  "number_of_repayments": 35,
  "monthly_repayment": "208.33",
  "cost_of_credit": "0.00",
  "total_amount_payable_excluding_deposit": "7500.00",
  "merchant_finance_url": "https://xyzsolar.co.uk/finance?loan_amount=7500.00&customer_deposit=2500.00&credit_product=hu0000-036M"
}

Zopa (live)

• Min loan = £1,000, max loan = £50,000
• Zopa does not have a unique first payment so we return the variable "first_payment_type" as null. Make sure not to display this.
• Initial payment is taken immediately (0 days) unless a customer deposit is taken, in which case, initial payment is taken after 30 days.
  • i.e "initial_payment_due_value": 0 and "initial_payment_due_unit": "days" when no deposit is present.
  • i.e "initial_payment_due_value": 30 and "initial_payment_due_unit": "days" when deposit is present.

Zopa Example Response

{
  "lender": "zopa",
  "credit_product": "24 months interest-free credit (0% APR)",
  "purchase_price": "10000.00",
  "customer_deposit": "1000.00",
  "loan_amount": "9000.00",
  "first_payment_type": "null",
  "first_payment_amount": "0.00",
  "initial_payment_due_value": 30,
  "initial_payment_due_unit": "days",
  "apr": "0.00%",
  "annual_interest_rate": "0.00%",
  "number_of_repayments": 24,
  "monthly_repayment": "375.00",
  "cost_of_credit": "0.00",
  "total_amount_payable_excluding_deposit": "9000.00",
  "merchant_finance_url": "https://www.greenenergy.co.uk/finance?loan_amount=9000.00&customer_deposit=1000.00&credit_product=zo0000-024M-HI"
}

Snap Finance (live)

• Min loan = £250, max loan = £15,000
• First payment is referred to as "Lender Deposit". Do not confuse with "customer_deposit".
• The "number_of_repayments" will be the same as the listed term length.
• Snap Finance offers credit products (APR and term length) based on affordability and credit checks.
  • The representative APR will be 9.9%, 12.9%, and 16.9%; the term lengths are 24, 36, and 48 months.
  • The actual APR and term lengths that customers are offered when applying for finance will vary based on affordability and credit scores.
• Snap Finance always require both apr and annual_interest_rate are displayed because these values are sometimes different.

Snap Finance Example Response

{
  "lender": "snap",
  "credit_product": "48 months credit (representative 9.9% APR)",
  "purchase_price": "10000.00",
  "customer_deposit": "1000.00",
  "loan_amount": "9000.00",
  "first_payment_type": "Lender Deposit",
  "first_payment_amount": "1.00",
  "initial_payment_due_value": 0,
  "initial_payment_due_unit": "days",
  "apr": "9.90%",
  "annual_interest_rate": "9.90%",
  "number_of_repayments": 48,
  "monthly_repayment": "227.83",
  "cost_of_credit": "1935.84",
  "total_amount_payable_excluding_deposit": "10935.84",
  "merchant_finance_url": "https://www.londonrenewables.co.uk/finance?loan_amount=9000.00&customer_deposit=1000.00&credit_product=sn0990-048M"
}

Propensio (live)

• Standard credit products: min loan = £1,000, max loan = £50,000
• 180 term credit products: min loan = £5,000, max loan = £50,000
• Propensio does not take a first payment so we return the variable "first_payment_type" as "null. Make sure not to display this.
• For Standard credit products: payment of the first monthly instalment is taken 30 days after the loan is live.
• For 3 or 6 month deferred credit products: payment of the first monthly instalment is taken either 3 or 6 months after the loan is live.

Propensio Example Response

{
  "lender": "propensio",
  "credit_product": "6 + 180 months deferred credit (10.9% APR)",
  "purchase_price": "10000.00",
  "customer_deposit": "1000.00",
  "loan_amount": "9000.00",
  "first_payment_type": "null",
  "first_payment_amount": "0.00",
  "initial_payment_due_value": 6,
  "initial_payment_due_unit": "months",
  "apr": "10.90%",
  "annual_interest_rate": "10.90%",
  "number_of_repayments": 180,
  "monthly_repayment": "101.73",
  "cost_of_credit": "9311.40",
  "total_amount_payable_excluding_deposit": "18311.40",
  "merchant_finance_url": "https://www.definstallers.co.uk/finance?loan_amount=9000.00&customer_deposit=1000.00&credit_product=pr1090-180M-PL60M"
}

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Email: partners@finmatch.io