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Zippyloan Personal Loans Review

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Zippyloan is an online personal loan marketplace based in Minden, Nevada. It offers users a quick application process and disbursement time for loans in the range of $100 to $15,000. The company boasts a wide network of potential lender candidates, advertises loans for every credit score level, and is a member of the Online Lenders Alliance.

How is Zippyloan rated?

Breakdown

Overall Rating: 0 / 5 (N/A)

Zippyloan is a good alternative for consumers that are looking to compare personal loans. The application process is quick and safe thanks to 256-bit SSL encryption technology and, although the website's online reputation is not the best, it boasts an OLA (Online Lenders Alliance) Seal of Approval. This grants the company greater credibility than many of its competitors. We recommend Zippyloan for consumers whose loan needs fall under the $100–15,000 range, and who need the money quickly. Consumers in New York, West Virginia, or the District of Columbia, or who need larger loans, should look elsewhere.

Zippyloan Loan Specifics

Loan Specifics - 0 / 5

Loans provided through Zippyloan have a minimum amount of $100 and can go as high as $15,000. Term length generally ranges from six to sixty months, but the company also features providers with short-term payment schedules. Smaller loans may be repaid as soon as the customer's next payday. The application, quotation, and approval process are all remarkably quick, with reimbursement taking place as soon as the next business day. Personal loans acquired through Zippyloan's marketplace service are deposited directly into the applicant's bank account.

Loan Uses

Debt/Credit Card Consolidation
Buy Home
Major Purchase
Home Improvement
Medical Expenses
Wedding
Moving/Relocation
Vacation
Start Business
Education
Taxes
Loan Minimum
$100
Loan Maximum
$15,000
Term Length
6–60 months
Direct Deposit
Yes
Pay Creditors Directly
No
Disbursement Time
As soon as the next business day
Credit Insurance
No
Unemployment Protection
No

Zippyloan Qualification

Qualifications & Flexibility - 0 / 5

To apply for a personal loan through Zippyloan, users need only supply the company with three sets of information. First, the company requests their full name, date of birth, and loan information. Users are then asked to provide information about their income. This includes questions regarding their primary source of income, monthly income, payment schedule, and the date of their next payday. Lastly, Zippyloan requires additional contact and deposit location details before being able to find adequate loans for the applicant. The company advertises that consumers of all credit score standings—poor, average, good, and great—can find loans through their marketplace service.
Personal Income Considered
Yes
Verify Bank Account
Yes
U.S. Citizen
Yes
Hard Credit Pull
No

Zippyloan Cost of Loan

Costs, Interest Rates, Discounts & Fees - 0 / 5

Since Zippyloan is a marketplace service, it is unable to offer a standard APR range or fee schedule. The actual cost of each loan will depend on the company that the user is referred to by Zippyloan.

Zippyloan Reputation

Customer Service and Reputation - 0 / 5

Zippyloan has very little information about itself online. The company is physically located in Minden, Nevada, but offers no email address or phone number that consumers can use to contact customer service representatives. While it has no reviews on Trustpilot and no complaints on the CFPB, it has an F rating with the BBB due to the 24 complaint(s) filed against the business, 21 of which it failed to respond to. Nevertheless, Zippyloan does enjoy approval from the Online Lender Association (OLA), which makes sure that lending websites adhere to the highest standards of conduct, are dedicated to ensuring the best possible experience for their customers, remain fully compliant with federal law, and work hard to protect consumers from fraud.
Type of Institution
Marketplace
BBB Rating
F
Consumer Financial Protection Board (CFPB) Complaints
0
Date Collected
2018-12-28

Headquarters Address
2220 Meridian Blvd PMB O1409, Minden, NV, 89423
Homepage URL

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