Zable Reviews

We like Zable for its quick funding. You can get your funds the same day, depending on the time you accept your loan terms. We also appreciate that you can use a Zable personal loan for a variety of reasons, including moving expenses or car repair costs.

However, Zable’s lack of transparency regarding its interest rates, fees and term lengths makes it difficult to compare it with other lenders. It’s also not the best lender if you need a co-signer or joint borrower on the loan. This means you will need to qualify for the loan based on your credit and income alone.

While we do appreciate that you can change your payment date with your Zable loan, you will not be able to request an increase or borrow a second loan from the lender.

Zable offers unsecured personal loans between $1,000 and $35,000. Some states require a minimum loan amount. For example, Massachusetts residents must borrow at least $6,001. All loans are funded by Cross River Bank.

You will have 14 days to accept your loan terms; otherwise, you’ll need to request a new rate.

Zable does not list its personal loan requirements on its site, but you can expect to need the following:

• Be at least 18 years old
• Have a good credit score
• Have proof of residency in a state where Zable operates
• Have a verifiable source of income

Unfortunately, Zable does not publish its rates online. It also says that its rates are nonnegotiable.

In order to check your interest rate, you’ll need to request a personalized rate with Zable through an online form. After inputting your information, such as how much you want to borrow and for what purpose, you should receive a quote within minutes.

Once you get your rate, you will then need to go through a hard credit check to lock that rate in.

While Zable does not charge any hidden fees or prepayment penalties, you will need to pay fees to secure your loan. According to its site, a nonrefundable fee is deducted from your loan before you receive the funds. These fees vary based on your loan, but the fees will be laid out in your offer letter before the loan is finalized.

Applying for a Zable loan is straightforward and should only take a few minutes if you have the necessary documents ready. First, apply for a rate quote through Zable’s online form.

If you are happy with this rate, you can continue the process. You will need to verify your identity, address and income before receiving a final decision. You can do this by uploading copies of your information to your Zable account or emailing proof to its customer service.

Zable loans are not available in the following states:

• Colorado
• Connecticut
• Indiana
• Kansas
• Louisiana
• Maine
• Nebraska
• Nevada
• New Hampshire
• New Jersey
• North Dakota
• Oklahoma
• Oregon
• Pennsylvania
• Rhode Island
• South Carolina
• South Dakota
• Vermont
• West Virginia
• Wisconsin
• Wyoming

It is hard to compare Zable with its competitors because it does not publish its rates or term lengths online. Many other personal loan lenders allow you to see rate ranges without asking for any personal information.

Another way Zable falls short compared with its competitors is its relatively low borrowing amounts. Zable maxes out its loans at $35,000, but other lenders, like Best Egg, lend up to $50,000, and SoFi lends up to $100,000.

Yes, Zable is a legitimate company, but it is new to the U.S. It is also limited to only 29 states and Washington, D.C., so the company’s reach is still fairly small. Zable is backed by a Federal Deposit Insurance Corporation-insured bank and says it has helped hundreds of thousands of borrowers.