We all know that short-term personal loans sometimes get a bad rap. This is largely due to people taking out loans with high-interest rates they have trouble paying back. Or they use a payday loan service as a sort of cash crutch to help see them through each paycheck.
The other flip side is that short-term loans can be useful if you come up with an unexpected expense or need cash for something important that cannot wait until your next paycheck. These type of payday loans can be invaluable if you know you’re going to have no trouble paying them back in a short amount of time.
After all, we all know the world runs on money and when you run out and have something important to take care of it’s no fun at all. The last thing some of us want to do is run to friends or relatives asking for money. This puts everyone in an awkward situation. So short of selling some of your prized personal possessions there is always the personal loan option. These types of loans are usually easier to obtain and require less than stellar credit versus traditional loans with funds being received as soon as the next day.
One popular payday loan lending service online is Zippyloans. They lend as little as $100 all the way up to a whopping $15,000. Most personal loan lenders have a cap of around $1000 or maybe $1,500. So if you need a higher amount of cash in a short amount of time Zippyloan may be the answer.
In order to take out a loan, you will need to have a stable source of monthly income and also know that you will be able to pay it back relatively quickly with little financial stress on your future paychecks.
To get a loan through Zippyloan you simply go to their website select the amount of cash you want, your monthly income, your credit type and the purpose of your loan. Next, we are presented with a screen where we provide some basic personal information such as our employer, contact information and the bank account we want to receive the funds in.
To apply for a loan on Zippyloan the approval process is free. Their service works with a large network of lenders to help match your loan type with a company likely to approve you. Regardless of your credit type, Zippyloan will work with your application to help and try to find a lender.
One of the neat things about Zippyloan is you will get an almost instant response on whether or not you are approved for a personal loan. The whole process can literally take under 10 minutes from the time you fill out your application and submit it to get your answer of approval.
Once approved you will be presented with a loan agreement for review and it’s very important you look over the interest rates and potential late fees, and penalties carefully. If you are satisfied with the loan terms you can sign the agreement right on your computer or mobile device and receive your funds literally as quick as the next day.
Repaying lengths of your loan will be dependent upon the amount you borrow from the lender and the type of loan you took out. This can range from having your loan paid off on your next payday to as long as being on a 60-month payment plan. Of course, no one is recommending you take out a 60-month loan with a high-interest rate because that sounds like financial suicide.
It’s all going to all boil down to your unique financial circumstance and income level. Just like any loan instrument out there today if used responsibly Zippyloan can provide you the cash you need if you are unable to obtain it elsewhere. It’s just important to know that you will be able to pay it back without any financial hardship before taking out a loan.
So what are others saying about Zippyloan? My personal loan reviews gave Zippyloan a 3.9 out of 5-star rating. Other than this review I cannot find any other ratings on Zippyloan. I also did not come across really anything negative.
Overall if you need cash fast and have no alternative using a personal short -term loan service like Zippyloan may help to see you through to your next payday.