Zippa short-term loans review

Launched in 2016, Zippa is a relative newcomer to the short-term loans market, challenging many of its competitors by undercutting their rates.


Fact checked

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.

Warning: Late repayment can cause you serious money problems. For help, go to

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.

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 do you need to borrow?

How long do you need to borrow for?

Name Product Available Amounts Monthly repayment Total payable Link
Lending Stream Instalment Loan
£50 to £1,500
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Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44. Personal Loan
£300 to £3,000
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Representative example: Borrow £1,000 for 12 months at a rate of 152.33% p.a. (fixed). Representative 352.7% APR and total payable £1,999.92 in 12 monthly payments of £166.66.
The Money Platform Short Term Loan
£250 to £1,000
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Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.
QuidMarket Short Term Loan
£300 to £1,500
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Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1,301% and total payable: £454.37 in 3 instalments of £151.46.
CASH4UNOW Short Term Loan
£150 to £1,000
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More Info
Representative example: Borrow £200 for 4 months at a rate of 292% p.a. (fixed). Representative APR 1314% and total payable: £332.00, in 4 payments of £83.00.
Mr Lender Short Term Loan
£200 to £1,000
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Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative APR 1,248.3% and total payable £367.40 in payments of £81.33, £73.23, £65.13, £57.33, £49.24 and £41.14.
With this loan your monthly repayment decreases over time. Our 'Monthly repayment' above is a representative figure designed to help compare lenders side by side.

Compare up to 4 providers

Please note: 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

Lending Stream Instalment Loan Personal Loan
The Money Platform Short Term Loan
QuidMarket Short Term Loan
CASH4UNOW Short Term Loan
Mr Lender Short Term Loan

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 does a Zippa loan work?

  1. 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.
  2. 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.
  3. Fast money transfer. Upon completion of your online loan agreement, funds will be transferred into your bank account on the same day.
  4. 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 whenever it wishes, and to take payments of different amounts without consulting you. Most short term loan companies like Zippa 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. If you do that, you’ll need to make alternative arrangements to ensure you meet the repayment schedule.

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

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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