When you need a fast loan for an unexpected bill, Zebra Loans are here to help. We understand that life can throw you unexpected costs at the worst possible time, such as a large medical bill or car repairs that you weren’t expecting. Zebra can offer fast cash loans from $100 to $1000 to eligible customers. If you need a quick cash loan to cover yourself in a situation like this, then you can apply for a loan with Zebra Loans.
Who Can Apply For A Fast Loan?
We pride ourselves on being more flexible than traditional lenders, however there are some basic criteria that you will need to meet. These include being over the age of 18, and also currently in full-time employment amongst other criteria. To view our full list of eligibility criteria to determine whether or not you will qualify for a fast loan, please visit our Do I Qualify information page.
If you are still not sure that you meet the requirements, than you can always contact one of our friendly team members for advice on your application.
How Much Can I Borrow?
The amount you can borrow will be determined by your individual circumstances. To help you identify how much you may be able to loan quickly in a single transaction, we have built an online cash loan calculator for you. Try out the fast loan calculator here.
As part of our responsible lending policy, we will not allow you to repay more than 25% of your net pay each period to ensure that you can afford to repay your loan.
How Much Will It Cost?
Zebra Loans are a responsible lender, an as such we disclose all costs clearly upfront to help you make an informed decision when taking out a fast loan. We charge interest on fast loans at a rate of 1.5% per day, which is equivalent to an APR of 547.5% per annum. You can view a full list of our Borrowing Costs here.
So what does this mean for you? We have created the fictitious example below, so you can see an example of potential costs and repayments for a fast loan.
Example – $500 Loan
Let’s take the example of Andrea. Andrea earns $600 net a week and would like to borrow $500 for urgent dental work. She is paid on Wednesdays. Today is Monday 10th July, and Andrea is next paid on Wednesday 13th July. Having chosen 5 repayments, Andrea’s loan repayments will be on:
- 13th July;
- 20th July;
- 27th July;
- 3rd August;
- 10th August
Andrea’s final loan repayment is therefore on the 10th August. Andrea’s loan was approved and paid on Monday 10th, meaning Andrea will be borrowing the money for 30 days. The total fees on the $500 Andrea borrows will be:
- Establishment fee: $25
- Direct Debit fee ($5 per transaction): $25
- SMS fees: $6 Once to verify her and one reminder the day before each direct debit.
- Interest (30 days @ 547.5% per annum): $150
- Total: $206
- Total repayment amount: $706
Andrea’s repayment schedule would look as follows:
- 13th July: $141.20
- 20th July: $141.20
- 27th July: $141.20
- 3rd August: $141.20
- 10th August: $141.20
Total repayment amount: $706
Apply For A Fast Loan Online Now
When you are ready to apply for a fast loan, you can complete our online application form using the link below. For any questions you have regarding a quick loan with Zebra Loans, please feel free to contact us whenever you like.