Zippy Loan Review

Zippy Loan Review

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Loan Ammount
$100 - $15,000
Loan term
6 to 72 months
Min. credit score
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.
Customer Experience
  • Loans are fast and easy to secure.
  • Creditworthiness does not affect the eligibility of borrowers much.
  • Offers flexible payment plans.
  • 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.


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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

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