Up to US$15,000 in personal loans on the next business day
ZippyLoan offers up to $15,000 through a fully online form, with funds being received on the next business day provided that the application is completed by 5 PM.
Following the trends in the consigned loan market, Zippy Loan offers speed and ease in applying for a loan in less than 5 minutes, directly and entirely online through their form.
This type of personal loan is intended for various household uses. As it is for smaller amounts, it does not require collateral like property, with the main requirement being a regular income.
If you are in need of such a service, continue reading for a detailed explanation.
Who is Zippy Loan?
Zippy Loan is a licensed company to operate in the United States of America. First and foremost, it’s important to understand that it is not a loan broker or a lending agency. In reality, Zippy Loan’s service focuses on receiving the client’s request and forwarding it to a pool of potential partner lenders, who are responsible for directly offering the loan.
This means it operates free of charge and without any obligation, connecting clients in need of loans with lenders who can offer terms and repayment methods according to their own criteria.
Therefore, the money doesn’t actually come from Zippy Loan but rather from the company’s partner lenders. Consequently, the negotiation of the loan terms takes place later between the actual lending company and the client.
It’s worth noting that Zippy Loan’s services are not available to residents of New York, West Virginia, or the District of Columbia.
How do Zippy Loan work?
Zippy Loan operates by receiving loan requests and forwarding them to lenders capable of offering suitable plans. This is a task that clients could potentially do themselves by researching online. However, the company’s service streamlines and saves time for clients.
This is because the process of filling out the loan application form takes less than 5 minutes. Using either a computer or smartphone, the client provides key information and personal details to make the loan request.
Once the client completes the form, Zippy Loan forwards the request to find the best match for the loan requirements. According to the company, this matching process is quite swift and may even provide an instant response to the client.
After locating a lender, Zippy Loan automatically connects the client to the company’s website, providing all the information about the contract that can be electronically signed.
Zippy Loan is capable of suggesting loans ranging from $100 to $15,000 for the American audience. Once the client agrees to the loan and signs the contract, they can receive the funds as soon as the next business day.
Repayment terms and fees vary from one lender to another, as well as in relation to the requested amounts. Therefore, each negotiation will have its own conditions.
What are the benefits of applying for a loan at Zippy Loan?
- Time-saving: The client could do the same work of researching the best lenders on the internet, but it would take a lot of time. Zippy Loan streamlines the search on a single platform.
- Multiple lender options: Zippy Loan’s system instantly directs the application to its partner bank, aiming to find the best match based on the conditions and prerequisites of the clients.
- Speed and ease: The Zippy Loan form allows for a very quick, easy application with minimal information required. Additionally, the money is deposited into the account within 24 hours after approval by the lender.
- Customer support: The company provides good service for addressing questions and resolving key issues.
Possible Drawbacks
Indeed, the Zippy Loans platform offers a good service, but there are always considerations. The first is that it is not exactly a lending company but rather a connection to lenders.
For this reason, at the time of application, the client does not know the repayment amounts. Securely, before contract signing, the lending company correctly provides all the details. However, even so, the fact that the money is not being directly requested from the lender who will provide it may bother some people.
Want to learn how to apply?
If you feel that the conditions of Zippy Loan align well with your needs, you can learn more about the application process on the platform, with all the details.