Frequently Asked Questions

Here are the most common questions and we are always looking to add more as needed. Feel free to Contact Us if you don't see your question below.

Zirtue secures and formalizes the lending process between friends and family. Credit infrastructure all over the world has a formalized process with the exception of peer to peer lending. Zirtue changes this by offering a platform where friends and family can have the peace of mind that banks have had for centuries.

Zirtue is obsessed with security and uses best practices and 128 bit AES encryption throughout the application to ensure we never store your personal information or bank details.

The privacy and security of your data is our top priority. We outline our policies and practices in our Terms of Service and Privacy Policy.

You can always add new bank accounts. However, bank accounts that are linked to active loans can only be removed after the loan is paid off.

Once your loan is approved by your friend, family member or trusted relationship, the funds take between 4 and 5 business days to post.

At this time, Zirtue only uses ACH bank transfers. In the near future, we will be adding debit and credit card transfers. Join the wishlist to be notified when we release these features.

Zirtue is not a lender and does not offer or provide any loan guarantees or repayment guarantees. All loans made on the Zirtue mobile application platform are personal loans based on trusted relationships with your friends, family, contacts and trusted relationships.

Zirtue provides a system to automate the repayment process and encourages all borrowers to repay all loans per the agreed payment schedule. Automatic reminders and notifications are sent to all users throughout the loan period.

Zirtue allows users to lend and borrow as little as $20 and as much as $10,000 with payback periods from 3 months to 36 months. Zirtue also allows for one time payments, where you can set a specific date to be paid back any time between 3 months and 3 years from now.

Personal loans are not considered income for the Borrower unless the loan is forgiven by the Lender. In other words, you cannot be taxed on loan proceeds unless the Lender grants the Borrower a reprieve on paying back the debt owed. Also known as loan forgiveness.

By charging the Borrower a small interest rate, the Lender can avoid filing a gift tax return on the amount loaned. For additional information, please ask your tax professional.

Zirtue is a relationship-based mobile lending application that allows users to lend and borrow money with known or existing relationships and verified contacts in your mobile device. The lender or borrower must be an existing contact in your mobile device and Zirtue will verify their identity before providing access to the platform. This is a baked-in security feature to protect the integrity and security of the Zirtue platform for all users.

Zirtue allows lenders to forgive loans and also allows borrowers to request loan forgiveness. These requests and decisions are determined and agreed upon by the lender and borrower.

While lenders get to use the app for free, Zirtue charges a subscription fee of $5.99/month for borrowing functionalities. In addition, a 5% interest rate (APR) is sent to the lender over the life of the loan.

Zirtue is not a crowdfunding platform. All loans on the Zirtue application are private, one-to-one loans between two known users that have been verified. Subject to change, users can currently have up to three outstanding loans and/or up-to $10,000 USD outstanding.

Go into the Zirtue app on your mobile device. Then select profile and then settings. If you scroll down, you'll see the "Deactivate Account" button.

In order to unsubscribe from Zirtue, you need to go to the store where you first bought your subscription. Here are guides for Google and Apple. You will continue to be able to use the app through the end of the month that you last paid for. If you're on a free trial, this will be at the end of 7 days instead.

Once you've unsubscribed, you can resubscribe at any time through the Zirtue app.