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Zable Personal Loans Review

Zable provides same-day or next-day loan funding, providing quick cash for borrowers with less-than-perfect credit.

Author
By Mary Beth Eastman

Written by

Mary Beth Eastman

Writer

Mary Beth Eastman is a Credible authority on personal finance. Her work has been featured by The Balance, Money Under 30, and more.

Edited by Jared Hughes

Written by

Jared Hughes

Editor

Jared Hughes is a personal loan editor for Credible and Fox Money, and has been producing digital content for more than six years.

Updated March 21, 2024

Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances.

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Best for short-term loans and same-day funding

Zable is relatively new to the U.S., but the company has been offering personal loans to customers in the United Kingdom for nearly a decade. It provides same-day funding in some cases, offers personal loans for fair credit, and charges fewer fees than some competitors. Plus it offers loan amounts as little as $1,000, which is lower than most of its competitors.

Zable offers a streamlined way to borrow with an entirely online process, but only offers loan amounts up to $35,000.

Best for short-term loans and same day funding

Zable

3.2

Credible Rating

Check Rates

on Credible’s website

Est. APR

-

Loan Amount

$1000 to $35000

Min. Credit Score

600

Pros and cons

More details

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Keep in mind

While Zable does not charge prepayment fees, it does assess a loan processing fee, which could increase your borrowing costs. Zable customizes the loan process fee to your individual application, so you’ll see that amount when you receive your loan offer.

How you can use a Zable personal loan

You can use a Zable loan for a variety of needs, including financing a car, refinancing credit cards, or consolidating debt. You can also use a Zable personal loan for home repairs or renovations and major purchases.

If you have poor or fair credit, a loan from Zable could help you build credit — as long as you make your payments on time.

How to qualify

To qualify for a personal loan from Zable, you’ll need to have a full-time job. The lender also requires the following to be considered for approval:

Credit score: 600 or higher

Minimum income: At least $1,000 per month

Credit history: At least three years

Debt-to-income (DTI) ratio: Your DTI ratio must be 40% or lower

If you’ve had a bankruptcy in the last three years, you won’t be able to borrow with Zable.

Where are Zable loans available?

Zable personal loans are available to residents over age 18 in Washington, D.C., and in the following states:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Kentucky
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington

Repaying a Zable loan

Zable provides flexibility in repayment, allowing you to choose loan terms of one, two, three, four, or five years according to your preference.

You can make extra payments and even pay off your loan early — there are no prepayment penalties. However, if you want to apply extra to your principal, you’ll need to email Zable’s customer service to set it up. Also note that you won’t be able to change your payment date once it’s been set.

How Zable compares to other lenders

Here’s how Zable compares to other personal loan lenders.