Business · Companies · 6 hrs ago
Zip plans same-day cash loans of up to $500 for eligible US customers
Zip Co Limited plans to launch Zip Cash, a same-day cash loan product for eligible customers in the United States.
It would extend the company's existing installment payment services beyond purchases made at checkout.
Zip says more than 100,000 customers have joined the waitlist.
The company says eligible borrowers may get loans of up to $500, deposited into a connected bank account as soon as the same business day.
Each loan may include a flat fee disclosed before acceptance, and customers may ask to change their repayment date.
Zip says customers with an unpaid missed payment cannot get another loan through its platform until they resolve it.
The service is planned to start with select customers in eligible states during the 2026 holiday season, with wider availability expected later.
Zip Co Limited announced plans to launch Zip Cash, a same-day cash loan product for eligible US customers.
The loans could be up to $500, with funds deposited into a connected bank account as soon as the same business day.
Zip plans an initial launch to select customers in eligible states during the 2026 holiday season, followed by broader availability.
Each loan could have a flat origination fee disclosed before acceptance, and customers could request a change to their repayment date.
Zip said the product would have no hard credit inquiry and no compounding fees.
The company said more than 100,000 customers had joined the waitlist, including over 40,000 in its first 72 hours.
- Who
- Zip Co Limited plans to offer the loans to eligible US customers.
- What
- Zip announced plans for Zip Cash, a same-day cash loan product offering loans of up to $500.
- When
- The initial launch is planned for the 2026 holiday season.
- Where
- The product is planned for eligible customers in select US states.
- Why
- Zip said the product is intended to help customers manage everyday expenses and gaps between income and bills.
This story does not have two clearly opposing sides.
More than 40,000 customers joined the Zip Cash waitlist.
Zip announced plans to launch Zip Cash.
Zip plans to begin the initial launch to select customers in eligible states.
- Maximum loan
- Up to $500
- Initial launch
- Select customers in eligible states during the 2026 holiday season
- Waitlist
- More than 100,000 customers
- First 72 hours
- More than 40,000 waitlist sign-ups
- Loan fee
- A flat origination fee may apply and would be disclosed before acceptance
What people are saying
A timing gap shouldn't have to derail someone's plans or force them into a complicated financial product with unclear costs.
It gives me the peace of mind to know that the basic essentials will be taken care of.
Sources
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