Zable Personal Loans: 2025 Review

Full review of Zable personal loans

Zable is an online lender that provides midsize loans to borrowers with at least a fair credit score and a three-year credit history. Its personal loans offer same-day funding, but they’re not available in many states. The company only provides unsecured personal loans and charges an origination fee that’s deducted upfront from the loan amount.

Zable, a subsidiary of U.K.-based Lendable, is relatively new to the United States, so its personal loan product may evolve as the lender establishes itself.

» COMPARE: The best personal loans

Zable personal loans at a glance

• Disclosure from ZableDisclosure from Zable

  Loan amounts are subject to change and state law restriction, including minimums in the following states: MA $6,001, HI$1,500, AL $1,501, GA $3,001. APR is subject to state law, varies by state, and is determined based on your credit, income, and other information provided in your loan application. Approval is subject to income and identity verification; fraud, credit, and bank account checks; and state law restriction. Credit checks include whether an unsecured personal loan was found to be obtained within the past 90 days from this loan application. Bank accounts must have a positive balance on the information provided at the time of application. For applications approved before 3:30 pm EST. Not all applicants will qualify. When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you proceed with your application, we do another (hard) credit inquiry that may impact your credit score. This offer is conditioned upon your submission of a complete application, and our final approval based on our consideration and verification of financial and non-financial information. This offer may be accepted only by the person identified in this offer, who is old enough to legally enter into contract for the extension of credit, and resides in the US. Zendable, LLC is registered in New York as Zendable of New York, LLC under the assumed name Zable. Zendable, LLC and Zable loans are made by Cross River Bank where APR is under 30% or New Horizon Bank, N.A., where APR is 30% or greater, Members FDIC, Equal Housing Opportunity Lenders. This is not a deposit product. Approval is subject to Income and identity verification; fraud, credit, and bank account checks; and state law restriction. Credit checks include whether unsecured personal loans were found to be obtained within the past 90 days from this loan application. Bank accounts must have a positive balance on the information provided at the time of application and are subject to review.

Where Zable personal loans stand out

Pre-qualifying shows a wide range of information. Zable allows customers to pre-qualify with a soft credit check, which won’t affect your credit score. Borrowers can see their potential loan amount, rate, monthly payments, term and total interest, as well as view multiple offers by pre-qualifying. The lender says its pre-qualified offers are considered pre-approved, so they’re guaranteed, subject to final verification.

Accepts with a wide range of credit scores. Zable works with borrowers who have fair, good and excellent credit, with a minimum VantageScore 3.0 of 600. Though some lenders don’t have a minimum credit score or work with borrowers who have bad credit, others require good credit (a score in the mid-600s or higher).

Options to choose and change payment date. Zable allows borrowers to choose their payment date before signing their loan agreement and to switch their due date once a year. Having the flexibility to select and change your payment date can be helpful if your payday changes or you want to spread out when your bills are due.

Same-day funding. Zable says the majority of borrowers get their funds within 24 hours — some within just 15 minutes of applying. Some lenders take up to a week to disburse loan funds.

Where Zable personal loans fall short

Charges an origination fee. Zable charges an origination fee of 3.5% to 6.75% of the loan amount, depending on the term. Like many lenders, Zable deducts the origination fee from the loan before disbursing funds, so you may need to request a higher loan amount.

No secured loan option. Zable doesn’t offer secured loans, which are backed by an asset that a lender can seize if the borrower doesn’t repay the loan. Secured loans can help borrowers qualify for a loan or annual percentage rate (APR) they wouldn’t be eligible for otherwise. Some lenders offer secured loans using a vehicle or bank account as collateral.

» MORE: Best secured personal loans

No joint loan or co-signed loan options. Unlike some lenders, Zable doesn’t offer joint loans or co-signed loans. With a joint loan, two co-borrowers have access to loan funds and share responsibility for repayment. A loan co-signer doesn’t have access to funds, but they accept responsibility for payments if the primary borrower doesn’t make payments. Adding a co-borrower or co-signer can often help you qualify for a loan amount or APR you wouldn’t qualify for with your own credit profile.

» MORE: Best co-signed and joint personal loans

Loans aren’t available in many states. Zable personal loans aren’t available in 18 states. Many online lenders offer personal loans in all 50 states and Washington, D.C.

How to use Zable personal loans

Do you qualify for a Zable personal loan?

Zable says it considers all borrowers with a VantageScore 3.0 of at least 600. The lender says it uses AI-powered underwriting to streamline its application process, which can help some borrowers avoid having to manually submit documents like proof of income and employment. As part of its application, the lender requires a hard credit check, which may lower your credit score by a few points.

Zable loans are not available in CO, CT, HI, IA, LA, ME, MD, NE, NV, ND, OK, PA, RI, SC, VT, WV, WI, and WY.

Zable’s borrowing requirements

• Minimum credit score: 600.

• Maximum debt-to-income ratio: 50%, not including mortgage.

• Minimum credit history: 3 years and 3 accounts.

• Must provide valid email address and Social Security number.

• Must have a U.S. bank account.

Zable's average borrower snapshot

• Average loan amount: $8,300.

• Average APR: 22.04%.

• Average loan term: 51.8 months.

• Most common loan purposes: Debt consolidation, credit card refinancing and home improvement.

• Average borrower’s credit score: 678.

• Average annual income: $56,160 net income.

• Average borrower’s debt-to-income ratio: 27%, excluding mortgage.

» MORE: How to get a personal loan

How we rate Zable

NerdWallet writers and editors rate lenders against a rubric that changes each year based on how personal loan products evolve. Here’s how we scored Zable this year: