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Zippyloan Review
Zippyloan is an online loan marketplace that matches you with lenders that can offer quick loans. You can use the site to borrow between $100 and $15,000 and get the money as soon as tomorrow. This Zippyloan review will tell you everything you need to know about the lender.
Min. Credit Score None
Loan Amount $100 - $15K
Loan Repayment 6 - 72 months
Written by:TJ Porter
Zippyloan is a website offering personal loans. While Zippyloan isn’t a lender itself, it works with a large network of lenders and can help match you to a lender that is willing to work with you. Its personal loans can be used for a wide variety of purposes, unlike more specialized loans like a mortgage or auto loan.
With Zippyloan, you can borrow as little as $100 and you can qualify even if you don’t have good credit. The site prides itself on speed, claiming that you can apply and get money in as little as 24 hours.
Summarized Rating
Loan Features3.8
Interest Rates and Fees3.5
Qualification Leniency5
Application Process2
Customer Support0
User Reviews0
This parameter considers loan term lengths, loan minimums and maximums, and the extent of loan use limitations. Each of these features was evaluated using the five-point scoring system. Then, the various scores were aggregated and averaged to establish an overall loan features score.
Zippyloan gets a fairly strong 3.8 for Loan Features. This reflects the loan aggregator’s competitive term lengths and loan limits and the absence of any loan use limitations.
Zippyloan Pros and Cons
Before using Zippyloan to apply for a personal loan, consider its advantages and disadvantages.
Zippyloan Pros
Zippyloan Cons
Types of Personal Loans Offered by Zippyloan
Zippyloan matches applicants with lenders that offer basic, unsecured personal loans. Personal loans are highly flexible. You can use them for almost any purpose, such as paying an unexpected bill, funding a home improvement project, or buying something expensive.
Given that Zippyloan works with lenders that focus on loans ranging from $100 to $15,000, it’s likely targeting people who need some extra cash to cover an unexpected bill or to consolidate a small amount of debt. The site does not explicitly list any prohibited reasons for getting a loan.
Common Loan Uses
- Auto repair
- Baby adoption
- Debt consolidation
- Paying off credit cards
- Emergency
- Vacation
- Wedding
Zippyloan Features
Zippyloan is an online personal loan marketplace. It doesn’t offer loans directly. Instead, it uses the information you provide in your application to match you to lenders that work with borrowers like you. During the application, you’ll provide your financial and credit information as well as the amount of money you want to borrow.
Zippyloan can match you with many different lenders, each with their own rates, fees, and loan features.
| Loan terms | Fixed rate |
| Repayment period | 6 - 72 months |
| Loan amount | $100 - $15,000 |
| Loan Use Limitations | Not disclosed |
Zippyloan Interest Rates and Fees
The fact that Zippyloan works with many lenders is an advantage because it makes it easier for applicants to qualify for loans. There’s a higher chance that Zippyloan can match you with a lender that will approve you.
However, it also means that it’s hard to predict the fees and interest rates of the loans you can get through the site. Each lender is free to set its own rates and fees.
| Borrowing/Origination Fees | Varies by lender |
| Prepayment Fees | Varies by lender |
| Late Payment Fees | Varies by lender |
| Other fees | Varies by lender |
| Interest Rates | Varies by lender |
Zippyloan Qualification Requirements
Zippyloan does not list any specific requirements for borrowers looking to apply for a loan. Instead, it aims to match you with lenders based on the information you provide during the application process
Zippyloan claims that you can qualify even if you have poor credit, which means it works with some lenders that focus on subprime borrowers.
| Membership Requirement | None |
| Minimum Credit Score | None |
| Income Requirements | Varies by lender |
| Co-signer/Joint Application Requirements | Varies by lender |
Zippyloan Application Process
Zippyloan is all about helping people borrow money quickly, so it makes sense that its application process is simple and easy to complete.
When you first open the site, you’ll see a form that asks how much you want to borrow, your ZIP code, and your email address. Once you submit those details, the site will bring you right to the application.
About the Author
TJ Porter
I have in-depth experience in reviewing financial products such as savings accounts, credit cards, and brokerages, writing how-tos, and answering financial questions both simple and complicated.
More about me