LendingUSA’s “Zero Interest on Principal,” or ZIP loan, was designed to give you flexibility with your loan payment, allowing you to pay it off early with no penalty. By repaying your loan amount in full within the first 6 months of your disbursement date, you will pay no interest that has accrued during that 6 month period. You will only be responsible for the payment of the amount financed and the loan origination fee.
The origination fee is included with every loan, and is a small surcharge that covers the cost of processing, underwriting, approving and funding your loan. It is included on top of your loan and does not affect the original amount you were financed.
The origination fee is an 8% non-refundable prepaid finance charge which does not take away funds from your amount financed, and is included as part of your monthly payment. The exact dollar amount is listed in your loan documents.
Your initial application consists of a “soft” credit pull, which allows us to provide you with a fast pre-approval decision that won’t impact your credit score. Following pre-approval, your application may later be denied during our underwriting and quality assurance process, which includes income verification checks and other steps.
To check on your application status, please call (800) 994-6177 and select option 1, and then option 2 to connect with a Loan Coordinator.
Your first payment is due within 30 days of your disbursement date. An estimated first payment due date will be listed on your loan documents.
You can find your current loan balance and other useful information by going to https://www.lendingusa.com/online-account-management/ and clicking “Manage My Account.”
You can set up payments by going to https://www.lendingusa.com/online-account-management/ and clicking “Manage my Account.” We strongly recommend setting up a payment schedule through ACH, or autopay. It’s the easiest and fastest way to ensure your loan is paid on time. If you need assistance setting up autopay, please contact our Customer Service department at (800) 994-6177.
To pay by check, make payable to LendingUSA and mail it to the following address:
P.O. Box 206536
Dallas, TX 75320-6536
Yes! Simply check your rate with our online application and let us know the name of the business on the form. We will work directly with you to verify and fund the loan.
If you believe you are a victim of fraud or identity theft, it’s important to alert us as fast as possible. Call us at (800) 994-6177 ext. 535 or email our team of fraud specialists at [email protected], and a team member will reach out to assist you with the process.
To apply for a loan, click here and fill out the application. Applications can only be submitted online and cannot be done by phone.
To be eligible, you must be a U.S. citizen or permanent resident, be at least 18 years of age, and reside in one of our eligible states. Your eligibility also depends on other factors such as your credit history and monthly income. We do not provide loans to residents of Connecticut, New Hampshire, New York, West Virginia, or Vermont.
The minimum amount for a loan is $1,000. The maximum amount can be up to $35,000.
LendingUSA Personal Loans have a fixed repayment term. Credit cards often have high variable rates and no set repayment term. With a LendingUSA loan, you will know the exact amount you need to pay each month and have a set loan term with a defined end date.
We encourage you to contact us as early as possible if you have a hardship or life change that you will believe affect your ability to make on-time payments. Please contact our support team at (888) 387-7036 and they will discuss available options.