Zippa Loans is a fully-online platform offering small, unsecured loans to customers who have been unable to access credit from the mainstream banks, or who require shorter, faster loans than banks typically provide. A direct lender, authorised and regulated by the Financial Conduct Authority (FCA), Zippa prides itself on providing a transparent and personalised service with no hidden fees or charges.
Please note: high-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.
Is high-cost, short-term borrowing a good idea?
If you get into difficulty with your finances between paydays, short-term loans offer a quick solution. However, they are a very expensive method of borrowing. They should therefore only be considered as a last resort. Short-term loans are unlikely to solve your money problems in the long term, and are not a good idea for sustained borrowing, or if you have serious debt problems.
Before you apply for a short-term loan, make sure you have considered other options carefully. Is the expenditure that you’re planning absolutely essential? If you can defer a purchase then you could save yourself money in the long run. If you’re struggling to pay a bill, then try talking to your electricity, gas, phone or water provider to see if you can work out a payment plan. Read more about alternatives to payday loans at moneyadviceservice.org.uk.
Key features of a Zippa loan:
Borrow £150-£500 over 12-32 weeks. If you are an existing customer and have made your payments on time and in full, you could borrow up to £750.
Quick quote. Zippa aims to make a decision within 2 hours of your application. If additional information is needed, an advisor will call you and you may be asked to provide supporting documentation.
High, fixed rates. With a typical representative APR of 677%, Zippa can prove much cheaper than many of its competitors in this market. Its rates are still, however, much more expensive than those you would get from mainstream financial institutions.
Online management. Log in to your account, view your balance or make additional payments to your loan online.
Repay in weekly or monthly instalments. Choose how you wish to repay the loan to help you budget around your paydays. You can pay the money back in instalments for up to 32 weeks.
No late fees. Zippa will not charge you a penalty fee if you are late with a payment. However, missing a payment will cause you to pay more in interest and may affect your credit rating.
Early repayment. If you can afford to, pay a little more than the agreed amount back each month or repay in full before your repayment date. This could make you eligible for an early settlement rebate.
How do Zippa loans compare against other lenders’?
Table: promoted deals, sorted by total payable
Use the table below to estimate how much the loan that you have in mind is likely to cost you from some popular short-term lenders.
How much money do you need to borrow?
How long do you need to borrow over?
Important information: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
We compare payday/short-term loans from
How does a Zippa loan work?
Two-minute application. Choose the amount you would like to borrow, over how long, and whether you would like to repay the money monthly or weekly to suit your paydays and budget. Click ‘apply’ to complete the simple application form.
Quick decision. Zippa decides whether to approve a loan based on your individual circumstances as well as your credit history. You may receive a call to request some more information about your application. If you apply within office hours (Mon-Fri, 8:30am-5:30pm), you will receive a decision by text or email within 2 hours.
Fast money transfer. Upon completion of your online loan agreement, funds will be transferred into your bank account on the same day.
Repay by CPA. Like most short-term loan providers, Zippa uses a Continuous Payment Authority (CPA) to collect the money on your chosen repayment dates.
What is a Continuous Payment Authority (CPA)?
With a CPA you give a company permission to withdraw money from your account. CPA’s differ from a direct debit because they give a company the ability to withdraw money from your account whenever they wish, and to take payments of different amounts without consulting you. Most payday loan companies will use a CPA to collect your repayments, however you can cancel this at any point by either consulting with the lender or your bank.
What are the eligibility requirements?
Always ensure you can afford to make the repayments before taking out a short-term loan. To be eligible for a Zippa loan, you must also:
Be over 21 years of age
Be a UK resident
Have a UK bank account and credit card
Not have filed for bankruptcy in the last 5 years
Not have had a CCJ in the last 5 years
Frequently asked questions
Zippa Loans aims to be completely transparent and there are no hidden fees in any of its loans. The lender guarantees that you only pay back the amount you have agreed to upfront. There are no fees for transferring the money into your bank account.
Yes, Zippa Loans adheres to strict data protection guidelines and does not pass your details on to any third parties.
Zippa does not use automated computer technology to make its loan decisions. Rather than denying you a loan automatically if you have a poor credit history, an advisor is likely to give you a call. Zippa may approve you for a loan even if you have a poor credit history, as long as you can afford to make the repayments. Repaying the loan on time can in fact help to restore your credit rating.
Yes! If you can afford to pay the money back early, you could be eligible for an early settlement rebate.
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.