Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Zingo Cash Loans short-term loans review

Last updated:  

Find an installment loan in Illinois, even if with bad credit.

If you feel trapped by your short term loans, you can consolidate with Zingo Cash of Illinois. They offer installment loans of up to $2,500 for first-time borrowers. Different terms are available and you don’t have to pay penalties if you repay ahead of time. Find out more about the benefits of Zingo Cash in our review below.

$500

Min. Amount

$4,000

Max. Amount

Details

Product NameZingo Cash Loans
Min. Amount$500
Max. Amount$4,000
Loan Term6 months to 4 years
RequirementsMust provide pay stub and have active checking account.

Borrowing from Zingo Cash

To get a loan with Zingo Cash, you must fill out an online application and meet the eligibility criteria. In minutes you will find out if you are prequalified. You then will need to provide JPG and PDF format proof of income and a bank statement of the last 30 days.

Once you accept the terms of the loan such as term and monthly payments, Zingo Cash transfers the money into your checking account. You can choose to prepay the loan early by contacting the Zingo Cash customer service team.

How does Zingo Cash Loans compare?

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
$5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
CreditLend connection service
$2,500
Varies by lender
Regular source of income, checking account, not currently involved in bankruptcy or bankruptcy relief
Find a line of credit — even if you don't have a perfect score.
Check Into Cash Payday Loan
$1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Fast5kLoans Short-term Loans Connection Service
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
loading

Compare up to 4 providers

Zingo Cash reviews and complaints

BBB accredited No
BBB rating D-
BBB customer reviews 3.17 out of 5 stars, based on 6 customer reviews
Customer reviews verified as of 16 October 2020
Zingo Cash has a few recent customer reviews from borrowers who are generally happy with the cost compared to payday lenders. However, it has no BBB page and the limited amount of reviews mean you won’t know exactly how well you’ll fair when you borrow.

Why should you consider a Zingo Cash installment loan?

You can consider getting an installment loan from Zingo Cash for the following reasons:

  • Apply if you have bad credit. Zingo Cash runs credit checks, but it does offer loans to people with poor credit. Each application is evaluated on an individual basis, and Zingo Cash tries to work out a solution suitable to your circumstances. Missed payments on previous loans doesn’t disqualify you from getting a Zingo Cash loan, but you have to demonstrate an ability to repay your loan.
  • Cheaper than payday loans. Payday lenders in Illinois can charge up to a 408% APR for terms as little as 13 days, but Zingo Cash charges a maximum 98% APR for a minimum term of 6 months.
  • Variable loan amount. If you’re a new customer, you can borrow between $500 and $2,500. Returning borrowers can borrow up to $4,000. The maximum you can borrow depends on your existing financial situation, your credit rating and your ability to repay.
  • Variable loan term. Unlike payday loans that you repay by your next payday, Zingo Cash provides loan terms between 6 and 24 months for new borrowers, and 6 and 48 months for returning borrowers. You can prepay your loan early without worrying about prepayment penalties.

How much will it cost to borrow from Zingo Cash?

The maximum APR is 98%, but there are no fees upfront. If your bank returns your payment, you may have to pay additional fees. If you feel you may not have sufficient funds in your bank account to cover the next payment, you should get in touch with Zingo Cash to make alternative payment arrangements.

Your loan contract tells you the APR and any other fees you’ll have to pay.

Are Zingo Cash loans safe?

Zingo Cash only provides loans in Illinois and abides by all state laws. While you can get a Zingo Cash loan easily, the company advises borrowers to review their loan contracts carefully so they understand their obligations at the onset.

Zingo Cash lets borrowers pay off their loans before the loan term ends without charging any additional fees. By paying off your loan early, you can save on interest.

Here’s how you can apply for a Zingo Cash loan

Start the process by clicking on the “Go to Site” button. Before you begin, check that you meet the following eligibility criteria:

  • At least 18 years old
  • Checking account
  • Steady source of income
  • American citizen or a permanent resident of the US
  • Resident of Illinois

You’ll be required to provide the following information on your application:

  • Your name and details from an approved ID
  • Your email address, home address and phone number
  • Your housing status and time spent at current address
  • Details about your employment and income

Frequently asked questions

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site