Zippy Loan Review

Zippy Loan Review

(15 customer reviews)
Loan Ammount
$100 - $15,000
Loan term
6 to 72 months
Min. credit score
None
Est. APR
5.99% - 35.99%
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7.5/10 (Expert Score)
Product is rated as #12 in category Reviews on Payday Loans
Thanks to the effects of the pandemic, the state of the economy is far from what it used to be. As such, people needed to find different ways to support themselves in these times. Due to this, lending aggregators like Zippy Loan have become quite popular. But with so many scams out there, how can you be sure that Zippy Loan is legit? What exactly are they offering? How do you know their package is right for you? In this post, you’ll find a concise review of the Zippy Loan lending platform to help inform your decisions. Here is a more detailed breakdown of what Zippy Loan is and what you can expect from it.
Availability
5.5
Affordability
6.5
Customer Experience
5
PROS:
  • Loans are fast and easy to secure.
  • Creditworthiness does not affect the eligibility of borrowers much.
  • Offers flexible payment plans.
CONS:
  • Its service is only available online.
  • Zippy Loan activities aren’t always reported to credit bureaus. So your credit may not improve even if you handle the loan well.
  • They are only lending aggregators and not lenders themselves. As a result, they don’t provide you with a fixed range of APRs and interest rates to expect for the loans beforehand.
Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author alone and may not have been reviewed, approved, or otherwise endorsed by the financial institution.

Company (Lender) Loan Amount Loan term Min. credit score Est. APR Funds available in
Zippy Loan prod  $100 – $15,000 6 to 72 months None From 5.99% to up to 35.99%  As soon as the next business day


Zippy Loan – What it is

Financial institutions and the likes can make obtaining loans complicated and time-consuming. Also, most lenders place requirements on loan collection that are difficult to meet. Zippy Loan provides a better and faster alternative.
It isn’t a financial institution or lender itself. Rather, it’s an online platform that connects borrowers with potential lenders. You are eligible to request a loan anywhere from $100 to $15,000. All you have to do is follow the basic loan application process on the website. You’ll receive a notification to confirm the approval or denial of your request.

zippyloan

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Is it Legit?

Legitimacy and authenticity are very important when dealing with platforms like these. So far, Zippy Loan lives up to its promise of providing you loans faster than many other sources.
As an online aggregator, it works round the clock to find borrowers the ideal lender for them. The loan application process itself takes less than ten minutes. That said, there are a few red flags worth mentioning here.

Zippy Loan Backing

The first issue is that there is no certain sign that they have the backing of any known corporate entity. They do have an Online Lenders Alliance (OLA) badge on their website. But that doesn’t say much since the OLA doesn’t give out information about its members.

Provision of Limited Information on Lenders

Transparency and ease of access to certain information is another problem. Zippy Loan doesn’t give borrowers any information on who they’re borrowing from. Here, only the lending branch has any tangible information.

Spotty Customer Reviews

Another concern is the lack of positive feedback on many consumer review websites. For example, to date, there are zero customer reviews on them on Trustpilot.
While they do have reviews on Better Business Bureau (BBB), most of those are less than encouraging. Comments range from issues with spam emails to unapproved withdrawals.
It is worth remembering that reviews rarely ever paint the whole picture. This is because, on average, a happy customer mightn’t bother to leave a review. Even so, you should proceed with caution when using this resource.

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Customer Service

Zippy Loan’s physical address is 2220 Meridian Blvd PMB O1409, Minden, NV, 89423. Beyond this, no other contact information is available on their official website. Also, they don’t react to complaints on customer review websites. These are all possible indicators of subpar customer service.

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Zippy Loan Features

Before signing any loan agreement here, you need to look at it well. Consider all aspects of the loan like the amount, APR, and other variables. Only move forward if you’re comfortable with these parameters.

Zippy Loan Fees and Rates

Zippy Loan is not itself the lender, and as such, there isn’t any fixed range of fees and rates you can expect to pay. As such, some major factors that influence how high or low the rates you get are;

  • The length of the loan term (payday/short-term or long-term),
  • The size of the loan,
  • Your credit history, and
  • The specific terms and conditions of the lender.

On the whole, you are likely to get very competitive interest rates when you opt for long-term loans here. The case is different with short-term loans. Not only do you have to pay a loan fee determined by your lender, but the annual percentage rates are also very high.

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Zippy Loan Conditions of Service Provision

To the services of this online platform, the information you have to provide includes;

  • Your full name,
  • Your date of birth, and
  • Loan specifications
  • Other information a prospective borrower has to supply covers;
  • Source of income,
  • The payment schedule,
  • Date of the next payday, and
  • All contact and deposit information.

You get a loan only when Zippy Loan locates an entity comfortable with the details you have provided.

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Final Word

The Zippy Loan system works by making your information available to willing lenders. Due to this, there’s no telling who has your personal and financial information. There’s also the issue of possible payday loans, high APRs, and spam emails to deal with.

Terms: Zippy Loan Review

Est. APR 5.99% - 35.99%
Loan amount $100 - $15,000
Min. credit score None
Loan term 6 to 72 months
Funds available in As soon as the next business day

15 reviews for Zippy Loan Review

3.9 out of 5
9
2
1
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3
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  1. Farrell

    5 star service. Customer service is a important factor for this business and they are excellent. Great management.

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  2. Larry

    I am not satisfied with their service. They are a scam company. There are other landers that operates legit.

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  3. Martin

    I would recommend Zippy Loans to anyone out there who may need a little help with a small loan which is something we all need at some point in our lives.

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  4. Caroline

    I feel their loans are the best than some others. Friendly and really work with you I got help with some others.

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  5. Daniel G

    Very professional. Quick response. And hassel free.Will definitely use them again.

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  6. Morton

    If you need quick cash well look right here! Zippy Loan was useful and saved my butt! I do recommend this to anybody looking for quick cash!

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  7. Reggie

    Zippy Loan has always been a great help to me and I will always go back beside it helping me when I hit a bump on the road it has also helped me with my credit score and for that can’t say much but THANK YOU for all the help.

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  8. Wally

    Yes, the APR may be high. If you choose to take a loan out through Zippy Loans they follow through. The application is easy and direct. The money is deposited when promised. I asked and was given a two day courtesy extension on my due date without any problems or added fees.

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  9. Riaan

    The company has helped me in toughest times for a number of years…with loans and help when things beyond my control truly laid me low. As long as I never, ever was late on my payments, they were never hesitant to be there sometimes in 36 hours, etc. They are the best…and believe it or not they are excellent with interest with none of the even close to 100% and up interest rates. I have looked at many places and there is nobody such as Zippy!

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  10. Azra

    Finance team are very forward and honest about their loans. I’ve received 2 loans with them and had very good experiences with them.

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  11. Grace

    Due to COVID-19 we all are tighter budgets, ZippyLoan is awesome easy quick for that just get over the hump crunch we all go through! I appreciate them and have definitely recommended them to friends and family

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  12. Nicole

    I’m so grateful for them. Zippy Loans has been so helpful to me over the course of the last few months, while unemployment checks haven’t quite covered expenses as I continue searching for employment in post-COVID world. I really appreciate the ease of the process (the application takes just minutes) and how quickly funds are disbursed (next day). You guys are awesome! Thank you for doing what you do!

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  13. Teodora

    The process from beginning to end was, easy, quick, and done. I received the money quickly. I will definitely use them again if I’m in need. Thank you

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  14. Derek

    Just another payday lender. If you like being stuck in around 300% interest short term loans, one after the other, then this is for you. Anyone taking these is in a downward spiral toward bankruptcy. In most cases. by time you go bankrupt, they will have collected enough interest to cover your latest loan.

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  15. Patrik

    Was trying to work out a loan payment / reporting with them, they said someone would call me but never did. In fact they started ignoring my attempts to discuss with them. They are very aggressive about reporting but information isn’t accurate and they won’t work with you to correct it or come to any agreement.

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