The Financial Conduct Authority (FCA) is the UK’s independent financial regulator. Its role is to ensure that financial markets operate with honesty, fairness, and transparency. The FCA sets strict standards for how financial products, such as loans, must be advertised, sold, and managed—this protects consumers and promotes trust in the financial system.
Practi partners with DivideBuy, who provide both regulated and unregulated loans:
Regulated loans: Any loan that is not interest-free, or is over 12 months/12 instalments, is regulated by the FCA.
Unregulated loans: Interest-free loans that are repaid within 12 months and no more than 12 instalments are not regulated by the FCA.
Whether your loan is regulated or not, Practi and Zopa are committed to treating all applicants fairly and transparently.