Zippy Loan

Overview

Whether you are behind on bills, have an unexpected expense or simply want to take a vacation – Zippyloan provides the fastest access to the funds you need so you can accomplish your financial goals without delay. Once you are approved by a lender in our network, funds are typically deposited as soon as the next business day provided the application is received before 5pm CST.

Zippyloan manages an expansive network of lenders to provide our customers with premium access to personal loans. Apply for any amount up to $15,000 through one simple application, 24 hours a day, 7 days a week. Our lenders offer both installment and short-term loans, connecting you with the loan that works for you.

Zippyloan’s network of lenders offers a full range of loans for people with excellent credit as well as bad credit. If you are 18 years or older and have a regular source of income, you can be approved for a loan. Simply apply to see your options.



Loan Features

A Personal Loan is a loan usually meant for personal, family or household purposes. These types of loans are unsecured, meaning that it is not necessary to have any form of collateral such as property to be approved. All that is required is proof of your identity and a regular source of income. Personal Loans are typically repaid in fixed monthly payments.

There are no specific limitations on how a personal loan can be used. Once you’ve been approved, you are free to use the funds as you desire. Below are some common uses:



Debt Consolidation
If you are carrying a large amount of debt from previous loans, a personal loan can be used to consolidate your payments into one easy monthly payment with lower interest rate. Doing so can save you lot of money.

Repairs and Renovations
Been putting off a major repair to your car or home? Or are you in need of renovating your kitchen to increase its value? A personal loan can be used to get the job done under affordable terms you are able to handle.

Major & Unexpected Expenses
Life’s unpredictability can have a serious impact on your finances. Unexpected medical bills, major car repairs or an emergency can all be reasons to utilize a personal loan.

Personal Needs
The beauty of a personal loan is that it is completely flexible. There are no restrictions to what you can use it for.

What is a Short-Term Loan and what can I use it for?
A short-term loan is a quick, easy and convenient loan that can be used to address short term and immediate financial needs. Short-term loans are commonly used for financial emergencies, like home or auto repairs, unexpected medical bills, or in times where you are falling a bit short on your budget before your next payday.

Can I be approved for a loan with bad credit?
At Zippyloan, we believe that everyone deserves access to credit. Although credit is one aspect of your application that is assessed, our lenders consider a broad range of criteria to determine your eligibility, including your personal information, income and state of residence. We work with lenders that provide loans for those with excellent credit, average credit or poor credit. Even if you are in the process of rebuilding your credit, you may still qualify for a loan.

Application Process

Zippyloan accepts loan applications 24 hours a day, 7 days a week. Our network of lenders is open at all times, unlike conventional banks that are only open during business hours. Once you are approved on our site, you will receive instructions on how to finalize your loan with your lender.

Once you submit your loan application, our loan engine automatically begins connecting you with a lender based on the information you provide. If a lender is found, you will be notified on our site in real-time. You will then be directed to your lender’s site for instructions on how to finalize your loan. If we are unable to connect your application with a lender, we will direct you to additional options to help address your financial needs.

Because we are not a lender ourselves, the exact terms of your loan (including interest rates, repayment periods and monthly payment information) will be presented to you by your lender. Each lender uses their own policies to determine their terms, which often depend on your personal information, including monthly income, credit history and even the state that you reside in.

Required Information:
Your name, email address, phone number and home address
Your Social Security and driver’s license number
Your employment information
Your bank information

Repayment Terms

Zippyloan manages a network of personal loan lenders that offer the flexibility to repay with multiple instalments, in some cases up to 60 months. We also work with short term lenders who offer smaller loans that are typically paid back according to your next pay date. In cases where we are unable to connect you with an instalment lender we do our best to secure a short term loan to address your immediate cash needs.

Repayment terms on personal loans are generally either monthly or once every two weeks, depending either on your preferences or your lender’s terms. Funds are typically withdrawn automatically from your bank account on the date agreed upon with your lender. Be sure that you read and fully understand all of your lender’s policies regarding repayment.

The cost of a personal loan varies based on factors related to your application, including the state you reside in, the lender you are connected with, how much you are borrowing, and the repayment terms of the loan. Your credit score may also be taken into consideration.

Typical Personal Loan Terms
While specific terms of personal loans will vary depending on your state, lender and your specific circumstances, below is a general range of common terms.

Loan amount: $300 – $15,000
Lending period: 6 – 72 months
Payment frequency: Once a month or twice a month
APR: Will vary based on your credit score, repayment history and other factors
Prepayment penalty: None

Personal Loan Example

Amount $2,000
Period 24 month
APR 12%
Monthly $94.15
Total Paid $2,259.60

Amount $2,000
Period 24 month
APR 24%
Monthly $105.74
Total Paid $2,537.76

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