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.
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.
Key features of a Zippa loan:
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.
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 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:
Frequently asked questions
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