ZIPPYLOAN 2021 PERSONAL LOAN IN-DEPTH REVIEW

Overview

Zippyloan offers an online personal loan marketplace where customers can get connected to an array of lenders suitable for them and their needs. By simply completing a 5-minute online application, you can get matched with multiple lenders nationwide to ensure there is a loan option for you no matter your situation. 

After approval, you can expect to see the funds in your account as soon as the next business day. Zippyloan does not charge any fees for their matching service. You are not obliged to accept any pre-offers, making this an ideal comparison site to save customers time and effort.

Requirements

Zippyloan's online loan marketplace partners with a multitude of lenders nationwide, all with different terms. That means that any type of credit is accepted though if you have a lower credit score, it will likely affect your APR. Their partners aim to work with individuals in rebuilding their credit by committing to repaying their personal loan installments in full and on time. It's also important to note that in order to apply, you must be at least 18 years old and have a regular source of income. 

When it comes to loan purpose, the list is endless. Whether looking to make a large purchase, fund home renovations or consolidate credit card bills, so long as you can repay your loan and meet the requirements, you can apply.  
 

Loan Process

Applying for a personal loan with https://socialmohalla.com/zippy-loans-review/Zippyloan is quick and easy. First, you must indicate the total loan amount you require along with your monthly income and current credit score. They will also ask about the purpose of your loan request, which includes a vast list of options. Moving forward, you will need to share some basic personal information, employment details, and contact information. Finally, all applications require an active bank account linked to them so that, if approved, the personal loan funds can automatically transfer into this account.  

Once you have submitted your application form, your information will be shared with their wide network of lenders to ensure you are connected with a loan option suitable for your needs. Zippyloan will match you with a lender who will then contact you to run through their terms and conditions.

Keep in mind you are not obliged to accept any offers up to this point. Once you discover a lender you are happy with, you will complete the process and the funds will be automatically debited into your bank account. It really is as easy as that!  

 

Loan Terms

• Full fee transparency: Zippyloan does not charge any fees for their online service, meaning that customers can access lending options free-of-charge. The company you choose for your personal loan then pays Zippyloan, which is how they operate their marketplace.
• Total loan amount: Customers can borrow up to $15,000, depending on their financial situation and the loan provider.  
• Repayment: Zippyloan partners with both short-term lenders and multiple installment lenders. Short-term loans must be repaid on your next payday. With installment loans, you will have the option to repay over a period of time, which typically ranges from 6 to 60 months.   
• Interest Rates: APR will vary with each lender but typically range from 16.05% - 35.99%. Influencing factors include which state you live in, your current credit score, total loan amount, and the repayment period.
• Penalty Fees: Each lender will have their own personal loan terms and conditions. Some may include penalty fees for late or missed payments. For this reason, it's vital to run through this with the company before committing to any loan to ensure you gain full clarity. 
   

Customer Support

Since Zippyloan is an online loan marketplace and not a direct lender, they advise customers to contact the company they have received their personal loan regarding any issues or complaints. Zippyloan operates as an online service, with no actual business building meaning that individuals can not write to them.  

Their website does not include any contact information but they have invested significant effort to secure their loan form with the latest 256-bit encryption technology, so you can rest assured that your information is kept confidential and safe.