Learn all you need for the application
Zippy Loans provides a user-friendly platform for individuals in need of personal loans, connecting them with a network of lenders. With the ability to secure loans ranging from a few hundred to up to US$15,000, Zippy Loans offers a versatile solution for various financial needs.
The application process is streamlined, allowing users to submit their information quickly and conveniently online. Upon approval, funds can be disbursed in as little as the next business day, providing prompt financial relief for borrowers.
While Zippy Loans provides convenience and efficiency, borrowers should be aware that interest rates and repayment conditions vary according on the lender matched with the application. It’s important for borrowers to review and understand the terms provided by the lender before committing to a loan.
If you need to learn more about the process, keep reading.
Who can Apply?
As a connection service between potential clients and potential lenders, Zippy Loan does not impose many conditions, even for the audience that can use the website. This is because the terms of each loan depend entirely on the lending company that will provide the money to the account.
However, to be eligible for a wide range of lenders, it is essential that the applicant be at least 21 years old, as personal loan services do not provide funds to minors.
Another important factor is having a valid document in the U.S., either the identity card or the passport, with legal residence in the country. Finally, potential clients for a loan through Zippy Loan must necessarily have a steady source of fixed income with proper documentation.
Other disqualifying factors may arise from the direct negotiation relationship with the lender.
How is the application process at Zippy Loans?
The application process for qualifying for a personal loan with Zippy Loan is characterized by its ease and speed in filling out the form.
Zippy Loan’s service for finding a loan tailored to the client’s needs can be accessed entirely online, whether on a computer or even on smartphones, as the platform is responsive. In this regard, the form requests basic contact information, such as a name and phone number.
An important step in the application process is the credit score. This is because the platform asks for the client’s credit type along with the requested loan amount and an explanation of how the money will be used. The loan amount is divided into different ranges, while the loan purpose options include categories like credit card, baby adoption, moving, and others.
As for the credit type, the user can choose between poor, fair, good, and excellent. If the user is unsure about their credit score, they can conduct an analysis through the link provided on the application page. This pre-selection by Zippy Loan is designed to direct the client to the best lender match based on their needs.
The next set of information requested pertains to income and expenses:
- Primary Source of Income
- Monthly Income
- Method and Frequency of Income Receipt
- Date of the Next Payment
The final step involves providing deposit details, including information about the bank account and contact information. After applying through the form, Zippy Loan will seek out the best lender for the provided conditions.
Subsequently, all negotiations will be conducted directly between the client and the lender.