If you’re looking for an installment loan, consider Blue Trust Loans for your financing needs.
This tribal lender is an alternative to payday loans, offering online installment loans with fast turnaround times. You pay over a fixed repayment schedule, rather than in one lump sum.
| Min Loan Amount | $100 |
|---|---|
| Max. Loan Amount | $2,000 |
| Loan Term | 6 months |
| Loan Security | Unsecured |
| Turnaround Time | As soon as next business day |
| Requirements | Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account. |
- You must provide a verifiable source of direct deposit income into your checking account.
- Have an open checking account.
- You need to be at least 18 years old and a United States citizen.
- Your take-home pay has to meet Blue Trust Loan's minimum income requirements.
- You must not currently be a debtor in a bankruptcy case or presently intend to voluntarily file for bankruptcy relief.
What is Blue Trust Loans?
Blue Trust Loans is a tribal lender that offers installment loans of up to $2,000 as an alternative to payday loans. Instead of paying the loan back in full with your next payroll check, Blue Trust Loans allows you to pay it back in installments over a six-month period.
Why should I consider getting a Blue Trust Loans installment loan?
- No prepayment penalties. Blue Trust Loans won’t charge any fees if you decide to pay off your loan balance earlier than the due date.
- Quick approval. After you apply, you could know about your approval status within a few minutes.
- Fast turnaround. If your application is approved, you could have up to $2,000 deposited into your bank account as soon as the next business day.
- Fixed payments. Except for the first and last payments, your payment amount isthe same throughout the life of the loan. Your schedule is created based on the interest rate, principal balance and number of payments.
More features to consider
- Accredited lender. Blue Trust Loans is a member of both the Online Lenders Alliance and the Native American Financial Services Association.
- Payment schedule. Your payment schedule is based on your income schedule, with typical terms lasting six months. This means if you get paid weekly, you will have 24 loan payments. If you’re paid biweekly, you will have 12 payments. And if you’re paid monthly, your loan will have six payments.
- Loan amount. You can choose to borrow from $100 to $2,000. The maximum loan amount may be lower for first-time borrowers.
- Club Blue membership. The Club Blue system allows people who have repaid previous loans to progressively borrow more money at lower rates for longer periods. Because of this tiered program, you won’t have access to $2,000 loans until you’ve borrowed multiple times.
- Privacy agreement. Blue Trust Loans’ privacy policy explains that the company can share your collected personal information. Shared information can include your Social Security number, bank account information or credit history.
- Sovereign entity. Blue Trust Loans is solely owned and operated by the Lac Courte Oreilles Band of Lake Superior Chippewa Indians. It is a tribal lender, and the funds generated through loans help support government projects.
- Not available in AR, CT, GA, MA, MN, NY, PA, VA, VT, WA, WI or WV.
How borrowing from a tribal lender works
What are the costs of using Blue Trust Loans?
Like all short-term loans, an installment loan from Blue Trust Loans comes with a high APR — anywhere from 471.7846% to 841.4532%, depending on the term of your loan. You should also expect to pay a financing fee, and you’ll likely pay extra fees if you make a late payment or miss one entirely.
How to apply for an installment loan through Blue Trust Loans
Applying for a loan is easy provided you have the necessary information close at hand.
Eligibility criteria
You must:
- Be at least 18 years old.
- Be a US citizen or permanent resident.
- Have a verifiable source of income and open checking account.
- Not be a debtor or in a bankruptcy case.
- Not reside in AR, CT, GA, MA, MN, NY, PA, VT, WA, WI or WV.
Required information
- Name, birth date and Social Security number
- Contact information
- Employment and income information
- Bank account information
To apply online, click Go to site on this page. You’ll be directed to Blue Trust Loans’s application form to complete the required information.
To apply over the phone with a Blue Trust Loans representative, call 855-975-9165.
How does Blue Trust Loans compare to other online installment loan providers?
Check the website of the lender to confirm if it operates in your state of residence.
Bottom line
If you’re looking to get money fast, Blue Trust Loans could get you approved in minutes and funded as soon as the next business day. But before making a final decision, you may want to compare other online installment loan options available to you.
Are short-term loans permitted in my state?
Hover over your state of residence (or click on your state if you’re using a mobile device) to find out if payday loans are legal in your state.
Hi I really really need to find a loan because my rent is overdue and I’m not getting paid until 2 weeks from now, but I like in my. Any suggestions?
Hi Sc,
Thanks for your inquiry
I understand how these circumstances come up once in a while. I would suggest checking out short-term payday loans. Loan terms are usually 7-30 days. This will give you enough time to pay your rent and the loan.
Hope this information helps
Cheers,
Arnold
Good answеr back, in return of this question with real arguments and deѕcribing everything about that.
Do yu lend in CT?
Hi Sharon,
Thank you for your inquiry.
Should you need a loan options in Connecticut you may want to consider the lenders here.
I hope this information has helped.
Cheers,
Harold
do you do loans in new York
Hi Adassa,
Thanks for your question.
Yes, Blue Trust Loans is available in New York.
You may also check this page to compare your other options.
Cheers,
Anndy
I don’t have a bank account but I get my checks direct deposit into my prepaid card accpunt thru pls check cashers..
Hi Ricardo,
Thank you for your inquiry.
Checking account is required, while you may not be eligible for Blue Trust Loan. You may want to consider the options for prepaid debit card payday loan.
I hope this information has helped.
Cheers,
Harold
I have a prepaid card in all my checks are direct deposit to that card which is checking with the account# and routing# can I used that card?
Hi James,
Thank you for your inquiry.
While we do not represent any company that we feature on our pages, we can offer you a general advice. It would be always nice to coordinate with your preferred lender to discuss what are the cards they usually allow for this loan. Typically, to apply for a Blue Trust Loans Installment Loan, you need to have an open and operating checking account.
I hope this information has helped.
Cheers,
Harold
Can I use my debit card to get the loan
Hi Stacey,
Thanks for your question.
To apply for a Blue Trust Loans Installment Loan, you need to have an open and operating checking account.
Alternatively, you may compare prepaid debit card loans here.
Kindly review the eligibility criteria and the relevant terms and conditions of the loan before submitting your application.
Cheers,
Anndy
If I get the loan from you do you out the money into my account all I need is $500.00 so how much will I pay a month. Do you put the money into my account today?
Hi Diane,
Thanks for your question.
With Blue Trust Loans, once your application is approved, they will deposit the money into your bank account as soon as the next business day.
Unfortunately, we cannot determine how much your monthly payment will be. It would be best to directly get in touch with Blue Trust Loans to get a quote.
Cheers,
Anndy
How do I apply for a payday loan on a prepaid account?
Hi Fermi,
Thanks for your question.
If you are looking to apply for Blue Trust payday loan, kindly note that one of the requirements is for you to have a checking account that has been open for a minimum period of time.
To apply for a payday loan using your prepaid card account, you may compare your options here.
Kindly review the eligibility criteria and the relevant terms and conditions of the loan before clicking the “go to site” button to submit your application.
Cheers,
Anndy
I have my own prepaid debit card, I have the acct.# and rout.# will that work?
Hi Penny,
Unfortunately, you may not be eligible to apply for Blue Trust Loan if you don’t have an open and active checking account.
Alternatively, you may consider getting a prepaid debit card payday loan.
Kindly review the eligibility criteria and the relevant terms and conditions of the loan before submitting your application.
Cheers,
Anndy