Zippyloan Personal Loans

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.

Key Takeaways

• 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 fees does Zippyloan Personal Loans charge?

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

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:

• Equifax
• Experian
• Transunion

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.