Zippy Loans Full Review

From time to time, we find ourselves in a fix and need some quick cash. There are plenty of options when it comes to acquiring online loans. However, not all options are viable and suitable for you. There are plenty of issues to consider before you get a loan from any organization. This includes the interest rates, the time taken to process the loan, the required collaterals and so on. Today, we take a look at Zippy Loan – an online loan platform. We give you the details of what Zippy Loan is, what it offers, the good and the bad of Zippy Loan in this complete online loan review. We help you understand whether it is a viable loan option for you or not.

What Is Zippy Loan?

Zippy Loan is an online platform that connects you with hundreds of lenders. Using this platform, you can apply for a loan of any amount starting from $100 to $15000. This platform is designed to simplify your process of applying for online loans. The loans applied via Zippy Loan can either be long-term loans or short term loans. According to their official site, you can apply for loans to solve personal and family issues as well as business issues. The good news about Zippy Loan is that you do not need to provide any kind of collateral. Some would say it is not possible to acquire a loan of $15000 without a collateral. However, Zippy Loan is one platform that has made this possible. Loans on this platform are given 100% based on your credit score. You should not be worried if you do not have assets to use as collateral. All you need to get a loan is to provide your personal details and your income details.

What You Need To Apply For A Zippy Loan

For you to get a loan from this site you need to have some form of income. One of the requirements of Zippy loans is to provide your source of income and the date you receive your payments. This does not necessarily have to be a formal employment type of income. As long as you have been receiving some regular income you are free to apply.

The second thing you need is to provide is your personal information. This includes your name location and other general information to help prove your identity. You need to be above 18 years of age. You can prove this by providing your passport number or national ID number. The good news is that the process for application is very simplified. You will not use more than 5 minutes in providing all the necessary information. All you need if 5 minutes to provide all the needed data and know whether you are eligible for your desired loan.

Once you submit all your information, you get an immediate reply as to whether your loan request has been approved or not. You do not have to wait for three days to know whether you qualify for a loan or not. If you are in need of quick cash, the Zippy Loan site can be a good option because of the quick processing.

How Zippy Loan Works?

Zippy Loan on its own is not a lending institution. This site only works as a link between borrowers and lenders. They have customized their system is such a way that, it is easier to use than looking for a loan from the lenders directly. The reason why Zippy Loan is better than visiting the lenders directly is the simplicity in application. If you were to apply for the same loan from a bank or any other institution, you would be forced to do a lot of paperwork and waiting to receive the loan.

When you fill your application at ZippyLoan.com, your application is handed to over 100 lenders. Most of these lenders offer varied types of loans ranging from short-term to long term. Once the application is received, any of the lenders can accept your request and process your loan. There is no chance that the lenders will decline your request. All the lenders that are registered under zippy loan use almost the same criteria in verifying your viability for a loan. If your application is accepted by Zippy Loan you are guaranteed of getting your loan.

Once you have been connected with a willing lender, you are ready to collect your cash. However, you have to provide an e-sign to be able to access your money. You provide your signature then the money is deposited into your account. The money can be deposited in your account in less than 24 hours in some cases. The site claims to offer loans to all individuals despite credit score. According to Zippy Loan, even those with bad credit score can still request for a loan. It is not clear whether this is true, however, you will need to have a good credit score to access any substantial amount from any lending institution.

To apply for a loan you need to visit their site www.zippyloan.com. You can either apply via desktop or via phone. The site is customized for both Android and iOS users. This makes the application process even more enjoyable. This means that you can request for a loan at any time, anywhere you are as long as you have access to the internet.

Credibility Of ZippyLoan

There have been credibility questions about online sites in the recent past. Some of the sites collect users data and use it in a wrongful manner. The Zippy Loan platform is one site where your security is guaranteed. The sites’ terms of service and policy assure its users of the safety of their information. This means that if the information you provide n this site is used in any way that does not seem good to you, you can sue them.

Secondly, the Zippy Loan platform is accredited by OLA(Online Loan Alliance). This means that this is a credible site for obtaining loans. When you apply for a loan via Zippy Loan you are sure that you will only be dealing with credible loan providers and not fraudsters. This site gives you a way to find the credible lenders online and befit from their flexible interest rates.

Even with that said, always make sure you use a secured connection when accessing any site where you have to submit your personal information. Do not apply for loans on shared computers or Wifi as this may endanger your data security.

Intrest Rates And Repayment

There is no a fixed interest rate for Zippy Loans. This is because the loans are not offered by a single lender but a variety of lenders. This means that different loans will attract different interest rates. The interest rates applied basically range between 1 and 10 percent of the principal amount. Short term loans are known to attract high-interest rates. The site provides for short-term loans as well as the long-term loans.

A number of companies and lenders may check your information to confirm if they are reliable or not. Some of these companies include Tele track, Accurint, and CLVerify. Every lender uses their own principles to determine the terms and conditions of giving out the loan. Therefore you have the responsibility to review the lender’s terms to determine if they are suitable for you or your financial institution. One of the most important things you need to know is that interest rates do change anytime without you realizing. These interest rates may increase due to missing of a deadline for payment of the loan.

Being a site that offers flexible loans, it also provides flexible repayment options. The loans provided on Zippy Loan can either be repaid in lump sum or installment. Installment loans tend to accrue more interest over time as compared to lumpsum loans. The loans you acquire on this site can be repaid over a time period of up to 60 months. This is a good time for you to repay your loan no matter how huge it is.

Why Would You Need A Zippy Loan?

The Zippy loan platform gives you an option to settle your financial needs. You can apply for personal loans to help you solve problems such as school fee emergencies, pay utility bills, settle hospital bills and other options. You can also use the Zippy loans to deal with major financial situations such as pay for your mortgage, open business among others. In a nutshell, this site provides the most flexible loan options for most individuals with a steady income. If you are looking for a way to get some developments moving in your life, you can use the Zippy Loan offers. You chose the loan you want and get the money to do your projects in the shortest time possible. Given that these loans are available to all individuals including those with bad credit is a plus for you. You do not need to have a high credit score to get the cash you need.

Advantages of Zippy Loans

  • It is the fastest fund transfer method. Zippy Loan offers the quickest access to funds that you need in order to accomplish your financial goals in the most reliable way.
  • Funds are deposited to your account as soon as the formal procedure for application of the loans has been authenticated.
  • Surprisingly, all types of credit are accepted-How amazing is this? Zippy Loan does not discriminate against those people with bad credit. Actually, it offers loans to both the people with splendid credit and also those with bad credit. Everyone who is 18 years and older and has a source of income has no need to worry because zippy Loan will approve your loan in the fastest way possible.
  • Improvement in your credit score-Numerous number of lenders in Zippy Loan network report timely payments to various credit agencies. This improves your credit score.
  • High security and privacy of data: Incredible technology is used in providing security to your data to ensure that all information is safe away from hackers and all those who indulge in such activities. This technology is the 256-bit SSL encryption technology.
  • The formalities for the application of the loan are very easy. The application form takes on a few minutes to fill in and the process is purely done online. It is amazing how fast the application can take because there are always no lineups.
  • Zippy Loan offers their services all day long.

Disadvantages of Zippy:

  • Zippy Loan service can only be done online hence not accessible by people who do not use the internet.
  • Although they provide low-interest rates, you can never be sure which interest rate you will get when you apply.
  • The loans are limited to a maximum of $15000 hence, it may not be suitable for individuals looking for a larger amount.

 

Verdict:

When it comes to online loans, it is almost impossible to find a trustworthy site. You need to go through thousands of sites; most of whom are scams and are just looking to fish your information. After an analysis and use of the Zippy Loan site, I am more than convinced that it is a credible site to use for short-term loans as well as long-term loans. What sets this site apart from any other online loan site is that it does not actually offer loans but it is just a connection point. For this reason, Zippy Loan does the research for you and makes sure that they only link you up with credible lenders. By searching the internet on your own, it would be almost impossible to come across credible loan site. However, by using a platform such as the one provided by Zippy Loan, you are spared of the hard work. You are assured of dealing with legitimate lenders and the best interest rates in the market. In this light, the verdict is that this site is legitimate. It is certified by OLA and offers you security guarantee. You have no reason to miss a chance to get a loan. All you need to do is signup, fill out your application form, and wait.

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