Get up to $15,000 by tomorrow with Zippy Loans

Zippy Loans can quickly match you with a lender for a personal loan, and you can have the money within a day.

If you’re suddenly hit with an unexpected expense — such as medical bills, moving costs or car repair bills — you may not have the money to pay it right away. In that case, you might want to consider a personal loan.

Zippy Loans makes it easy to get a personal loan. It’s not a lender — instead, it collects your information and matches you with a lender that can help you in a way that’s best for your situation.

Product NameZippyloan Personal Loans
Min Loan Amount$100
Max. Loan Amount$15,000
Min APR From
Requirements18 years or older with a steady income and manageable debt.

Pros

  • Easily apply for a decision within minutes.
  • Loans come with flexible repayment options.
  • Request up to $15,000 with no collateral necessary.

Cons

  • High interest rates.
  • Origination fees.
  • Late payment and prepayment penalties.
  • Must be 18 years or older.
  • Have a regular source of income.

What are the benefits of Zippy Loans?

Zippy Loans could help you avoid a long process to get a loan. Here are a few other benefits:

  • Apply in five minutes.
  • Get a decision immediately.
  • Flexible repayment options.
  • Request up to $15,000.
  • No collateral necessary for your loan.

What to watch out for

Before you sign on the dotted line, weigh the potential pitfalls of getting a personal loan. These include:

  • High interest rates. Because you don’t have to put up collateral for your loan, lenders judge personal loans as pretty risky. The average interest rate for a personal loan is around 10%.
  • Origination fees. You’ll probably need to pay this processing fee when you receive your loan. The fee is typically between 1% and 10% of the loan amount.
  • Getting behind on your payments. If you’re taking out a loan to pay off your debts, consider your ability to repay the loan. Missing payments could take a big hit to your credit score.
  • Prepayment penalties. You may want to pay off your loan as fast as you can. But watch out for potential penalty fees for paying too early.

Compare other installment loan options

Rates last updated August 22nd, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time
OppLoans Installment Loans
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$4,000
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Slam Dunk Loans
Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.
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NetCredit Installment Loan
Build a positive credit history with on-time payments through flexible repayment options that include credit card and money transfer.
$10,000
Varies upon state
1-3 business days
Cash Central Installment Loan
Pay monthly or biweekly over six to 24 months with lower APRs over your typical payday loan.
$5,000
6 to 24 months
Next Business Day

Compare up to 4 providers

Am I eligible?

You’ll have a better chance of being approved for a loan if you meet these requirements:

  • Good credit. Because personal loans can be risky for lenders, many banks will want to see that you have a record of repaying debt.
  • A steady income. You should have money coming in to pay back a loan.
  • Manageable debt. Lenders want to see that you’re not overwhelmed with debt already.

What information do I need to apply?

Have this information on hand before you start the application:

  • The amount of money you need (up to $15,000)
  • Your name, email address, phone number and home address
  • Your Social Security and driver’s license number
  • Your employment information
  • Your bank information

How to apply for a loan with Zippy Loans

Filling out the Zippy Loans form should take only a few minutes. After you submit the form, Zippy Loans will quickly match you with a lender who matches your profile.

After, you’ll be directed to that lender’s website. Read the terms of the loan carefully. If you accept the terms, you can e-sign the agreement.

I got the loan! Now what?

The loan should be deposited into your bank account in one or two business days. Make a note of the repayment schedule, and do your best to make timely payments.

If you need to take out another personal loan in the future, it could indicate a structural weakness in your finances. For example, your credit card debt may be snowballing out of control, giving you cash flow problems. If that’s the case, consider looking for debt or credit counseling.

The bottom line

Zippy Loans can an option if you run into an unexpected expense and need cash quickly.

Frequently asked questions

It goes without saying that when a financial institution loans money to someone, it wants to be paid back. However, there’s no guarantee that the lendee will be able to repay the loan.

To guard against coming up empty-handed, the financial institution might require the lendee to put up collateral — an asset such as a car or a house. If the lendee fails to repay the loan, the financial institution can take the collateral.

Your loan will be deposited into your bank account, and lenders want to see you have the income to repay your loan.

Zippy Loans receives commissions for referring you to lenders.

The longer you have your loan, the more interest a bank receives from you. So the bank may write a prepayment penalty into the loan terms to dissuade you from finishing payments too early.

Lenders need your Social Security number to check your credit history.

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2 Responses

  1. Default Gravatar
    AngieJuly 14, 2017

    Can I use my savings account for a loan deposit or do I need a checking account

    • Staff
      AnndyJuly 15, 2017Staff

      Hi Angie,

      Thanks for your question.

      Zippy Loans require that you submit your bank information upon application. If you’d like to know if your particular type of bank account meets their eligibility criteria, kindly contact Zippy Loans directly to confirm.

      Cheers,
      Anndy

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