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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.

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

warning icon Please note: High cost short term credit is unsuitable to support 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’?

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?


Name Product Available Amounts Monthly repayment Total payable
£50 to £800
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1333% APR and total payable £386.61 in 6 monthly payments of £64.44.
£150 to £5,000
Representative Example: Borrow £350 for 6 months at a rate of 220% p.a. (fixed). Representative 651.4% APR and total payable £605.55 in 6 monthly payments of £100.93.
£100 to £1,000
Representative example: Borrow £400 for 6 months at a rate of 259.33% p.a. (fixed). Representative APR 947% and total payable: £750.78 in 6 monthly payments of £125.13.
£100 to £1,000
Representative example: Borrow £250 for 30 days at a rate of 292% p.a. (fixed). Representative APR 1270% and total payable: £310, in 1 payment of £310.
£50 to £1,000
Representative example: Borrow £250 for 74 days at a rate of 292% p.a. (fixed). Representative APR 1300.5% and total payable: £398.00, in 1 payment of £74.00 and 1 payment of £324.00.
£300 to £1,000
Representative example: Borrow £500 for 5 months at a rate of 292% p.a. (fixed). Representative APR 1,297% and total payable: £867.05 in 5 instalments of £173.41.
£100 to £1,000
Representative example: Borrow £480 for 9 months at a rate of 133.1% p.a. (fixed). Representative 535% APR and total payable £959.04 in 9 monthly payments of £106.56.
£50 to £200
Representative example: Borrow £80 for 29 days at a rate of 292% p.a. (fixed). Representative APR 1281.8% and total payable: £98.56, in 1 payment of £98.56.

Compare up to 4 providers

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

Lending Stream Instalment Loan
On Stride Personal Loan
Peachy Loan
PiggyBank Short Term Loan
QuickQuid Short Term Loan
QuidMarket Short Term Loan
Satsuma Short Term Loan
247Moneybox Payday Loan

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. 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

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*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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