Zip’s move into personal loans up to $50,000 highlights their role as a lender of last resort, targeting individuals who are unable to secure traditional financing. With typically exorbitant interest rates, these loans exploit financially vulnerable consumers. This high-risk strategy not only increases the likelihood of defaults but also exposes Zip to greater credit risk. Such reliance on subprime lending may boost short-term revenue but raises serious concerns about long-term sustainability and rising default rates, further eroding investor confidence.
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Last
$2.99 |
Change
0.040(1.36%) |
Mkt cap ! $3.837B | |||
| Open | High | Low | Value | Volume |
| $2.98 | $3.01 | $2.92 | $45.26M | 15.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 127262 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 134716 | 16 |
View Market Depth
| Last trade - 12.29pm 27/06/2025 (20 minute delay) ? |
| ZIP (ASX) Chart |