Zippy Loan Review

Zippy Loan Review

zippy loan review

Editor’s Rating


Zippy Loan Key information

Zippy Loan is a new, efficient and fast financial service, which can connect prospective borrowers with their potential lenders. It is not a lender or a creditor. It is a simple financial service provider, which is specially designed to connect borrowers with lenders. With the assistance of this money loan service, individuals can easily request for a personal loan, which may range from $100 to $15,000. Personal loans can be used for any personal purchase.

Efficiency, as well as the real-time decisions, are employed through Zippy Loan. Lenders can perform a simple application process on their site. Within one minute and they will be informed whether they have been denied or approved for a personal loan.

Lots of sites are endorsing this financial service. However, there are a few precautions you need to know about before choosing this service. Here we’ve prepared a list of benefits (Pros) and disadvantages (Cons) of Zippy Loan. Thus, consider them before committing a financial operation on that website.

Pros and Cons of Zippy Loan

Pros of Zippy Loan

  • Zippy is a member of the Online Lender’s Alliance (OLA)
  • Quick and easy turnaround
  • Repay – up to 60 months
  • It takes only 5 minutes to apply (the form is optimized for both iOS and Android browsers)
  • You will get credit money at the next business day (within 24 hours)
  • No collateral required

Cons of Zippy Loan

  • Anonymous contact info
  • High-interest rates
  • Bank account required
  • Undesired emails and phone calls
  • Is not banking up by any corporate entity
  • A massive number of negative customer reviews

Is it safe to apply with Zippy Loan?

Having many benefits, this financial service provider is not the best one to choose from. According to the Better Business Bureau, Zippy Loan is not an accredited operation (unlike the other P2P lending sites). In practice, it means that Zippy Loan is not banking up by any corporate entity. Due to the report of to Better Business Bureau (BBB), approximately 35 complaints were made against Zippy Loan. As statistics shows, 70-80% of customer feedback is negative.

What is more, this service is anonymous. Applicants (borrowers) have no information, concerning who is behind the system. You have no information concerning this site operators, owners or a corporate entity that backs Zippy Loan.

It should be said that no one online company can guarantee 100% security and safety. It uses 256-bit SSL encryption system to protect all the details you enter online. However, your information will be shared with third party companies even after you have gotten the loan (you can prevent it by clicking the Unsubscribe link which you can find at the bottom of the Zippy Loan website or by contacting Zippy Loan.

Are Zippy personal loans right for you?

In case you need a safe personal loan, then probably Zippy Loan is not what you need. A corporation does not back it, it is anonymous and has many negative complaints and feedbacks from their applicants. Thus, it would be wiser to search for another financial service provider and avoid Zippy Loan.

What is more, if you do not want to provide your personal and financial information to an anonymous website, then Zippy Loans is not the right option for you.

Zippy Loan Application Process

In case you decide to apply for Zippy Loan, the following information will be beneficial for you. To apply for Zippy Loan, you have to provide your personal information, including your full name, address, income, and employment information. The repayment period may last up to 60 months, while the process of the application continues up to 5 minutes.

Although the information on the site tells that everyone can apply for Zippy Loan, in fact, it is not so. As statistics show only the prospective borrowers who have a credit score of 650 or higher can apply. If you belong to those borrowers whose credit score is higher than 650, then you will naturally be approved. As soon as you are approved for a loan, you will be automatically connected with a lender. Now you need to review, negotiate and e-sign your loan agreement in case you want to complete your application. You will get your cash loan in less than 24 hours.

What is more, if you meet the following requirements, you will have a higher chance of being connected:

  • You are at least 18 years old
  • You are a U.S. citizen or a permanent resident
  • You have an active checking account
  • You have a regular source of income
  • You live in a state where short-term lending is normal

Zippy Loan Quick Facts

  • It is quite comfortable as you will be connected with the lender as soon as you fill your Zippy Loan application form
  • Some Zippy’s lenders offer a lending period of up to 5 years, while most of the lenders are oriented on short-term loans which may last up to several weeks
  • ZippyLoan is a member of the Online Lender’s Alliance (OLA)
  • Zippy works only with those lenders who offer unsecured short-time loans


Having an easy application procedure and simple qualification criteria, Zippy Loan looks a tremendous financial service.  However, having a vast number of complaints front her applicants, negative reviews, their anonymity, and the other troubling facts make us seriously think about the professionalism of the site.