|Loan Amount||$100 - $15,000|
|Loan Term (Months)||Up to 60 months|
Zippyloan Personal Loans Review
Zippyloan Personal Loans is offered by Zippyloan, a marketplace lending platform founded in 2015 and based in New York, NY. Zippyloan Personal Loans are available in 47 states across the USA.
- Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging.
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- No origination fee. Zippyloan Personal Loans does not charge a loan origination fee.
- No late fees. Missing a payment can seriously damage your credit, but Zippyloan Personal Loans will not charge additional fees if you miss the due date on a payment.
Zippyloan Personal Loans Pros & Cons
Zippyloan Personal Loans FAQ
What interest rates and personal loan terms does Zippyloan Personal Loans offer?
Zippyloan Personal Loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Zippyloan Personal Loans offer?
Zippyloan Personal Loans offers a variable APR personal loan product but they do not disclose their interest rates.
How much can you borrow via Zippyloan Personal Loans?
Personal loan amounts start at $100and go up to $15,000
What is the maximum loan term you can get with Zippyloan Personal Loans?
Zippyloan Personal Loans offers loans with terms of up to 60 months.
|Personal Loan Amount||$100 - $15000|
|Loan Term||up to 60 months|
What fees does Zippyloan Personal Loans charge?
Does Zippyloan Personal Loans charge an origination fee?
Zippyloan Personal Loans does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Zippyloan Personal Loans charge a late fee?
No, Zippyloan Personal Loans will not charge you a late fee if you miss one of the monthly payments.
Does Zippyloan Personal Loans charge prepayment fees?
No, Zippyloan Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
|Origination Fee||up to 0%|
|Late Payment Fee||No|
What do you need to qualify for Zippyloan Personal Loans?
When it comes to credit scores, Zippyloan doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Zippyloan Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Zippyloan Personal Loans only considers borrowers who are employed.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Zippyloan Personal Loans. Their rates fall within the limits of The Military Lending Act.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Zippyloan Personal Loans. Not all companies will work with visa holders. Zippyloan does offer its services to temporary resident visa holders such as F1 or H1B holders.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking or savings account
- Recent bank statements
- Driver's license
- Proof of residence
|Bank Account Required?||Yes|
|Application Types Accepted||
|Credit Score||300 - 850 FICO|
What is the estimated funding time for a personal loan via Zippyloan Personal Loans?
Zippyloan Personal Loans will typically approve (or deny) a loan application within 24 hours and fund loans within business day of approval.
Does Zippyloan Personal Loans report your account activity to credit bureaus?
Yes, Zippyloan Personal Loans reports your account activity to the following credit reporting agencies:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
Are Zippyloan Personal Loans legit?
Zippyloan Personal Loans was founded in 2015. It is an established company with approximately 34 employees that has been in business for 8 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
- New Hampshire
- New Jersey
- New Mexico
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
|No Late Fees|
|No Origination Fee|
|No Prepayment Fee|
|Origination Fee ($)||Up to $0|
|Origination Fee (%)||Up to 0%|
|Accepts Savings Accounts|
|Checking Account Required|
|Employment Statuses Considered||
|Immigration Status Considered||
|Joint Loan Applications Accepted||
|Supported Income Types||
|Verification Documents Required||
|Credit Score Range||300 - 850|
|Approval Speed||24 hours|
|Credit Bureau Reporting||
|Customizable Payment Dates|
|Funding Time Range||Starting at 1 day|
|Payment Options||Automatic Payments|
|APR Type||Variable APR|
|Loan Amount||$100 - $15,000|
|Loan Term||Up to 60 months|