Blue Trust Loans Installment Loans review

If you’re looking for an installment loan, consider Blue Trust Loans for your financing needs

If you need money soon, you can apply online for an installment loan from Blue Trust Loans. These loans are good alternatives to payday loans because you pay based on a fixed repayment schedule rather than in one lump sum.

Min Loan Amount$100
Max. Loan Amount$1,250
Loan Term6 months
Loan SecurityUnsecured
Turnaround TimeAs soon as next business day
RequirementsMust 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 our minimum income requirements.
  • You must not currently be a debtor in a bankruptcy case or presently intend to voluntarily file for bankruptcy relief.

Benefits of Blue Trust Loans Installment Loans

  • 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 $1,250 deposited into your bank account as soon as the next business day.
  • Fixed payments. Except for the first and last payments, your payment amount will be the same throughout the life of the loan. The schedule is created based on the interest rate, principal balance and number of payments.

Blue Trust Loans Features

  • Accredited lender. Blue Trust Loans is a member of both the Online Lenders Alliance (OLA) and the Native American Financial Services Association (NAFSA).
  • Payment schedule. The payment schedule is based off of your income schedule with typical terms lasting six months. For example, if you get paid weekly, you will have 24 loan payments. If you are paid biweekly, you will have 12 payments. If you are paid monthly, your loan will have six payments.
  • Loan amount. You can choose to borrow from $100 to $1,250. The max loan amount may be lower for first-time borrowers.
  • 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. They are a tribal lender, and the funds generated through loans help support government projects.

Read our tribal lending guide to learn more about borrowing from tribal lenders

How does Blue Trust Loans compare to other online installment loan providers?

Check the website of the lender to confirm it operates in your state of residence.

Rates last updated October 18th, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
$4,000
9 to 36 months
1 business day
Open only to residents of AL, CA, DE, GA, KS, ID, IL, MO, MS, NM, OH, SC, TN, TX, UT, VA and WI. Must have direct deposit to demonstrate sufficient monthly income.
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-matching service, even with poor credit history.
$2,500
Varies by lender
As soon as next business day
Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
MoneyKey Installment Loan
Apply for money when you need it and receive your funds as quickly as one business day.
$1,000 (unless otherwise stated)
Varies by state
1 business day*
You must be a permanent US resident or citizen, at least 18 years old, and have a regular income.
HonestLoans Installment Loans
Get a flexible installment loan with fast funding through one easy online application form.
$2,500
Varies by lender
As soon as one business day
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
NetCredit Installment Loan
Build a positive credit history with on-time payments and flexible repayment terms. Check your rate without affecting your credit score.
$10,000
Varies upon state
1-3 business days
Must be 18+ years old, a legal resident of the US and have a Social Security number. Minimum credit score of 550.
Blue Trust Loans Installment Loans
Get an installment loan from an online tribal lender. Perks for returning borrowers.
$1,250
6 months
As soon as next business day
Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.

Compare up to 4 providers

What are the costs of using Blue Trust Loans?

Like all short-term loans, an installment loan from Blue Trust Loans will come 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 will likely have to 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:

  • Be at least 18 years old
  • Be a US citizen or permanent resident
  • Have a verifiable source of income
  • An open checking account
  • Not a debtor or in a bankruptcy case

Required information:

  • Name, birth date and Social Security number
  • Contact information
  • Employment and income information
  • Bank account information

Bottom line

If you’re looking to get money fast, Blue Trust Loans can get you approved in minutes and funded as soon as the next business day. But before making a final decision, be sure to compare your other online installment loan options.

Are payday loans permitted in your 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.

Frequently asked questions

If tribal lenders are legal in your state, then they may report missing or late payments to one of the big three credit bureaus. Always be sure you can repay a loan before signing a contract.

No. Only laws of the Lac Courte Oreilles Band of Lake Superior Chippewa Indians govern your loan agreement. This is because sovereign Indian Tribes don’t have to adhere to state laws in the absence of congressional authorization.

Yes, you can view the Lac Courte Oreilles Band of Lake Superior Chippewa Indians Tribal Consumer Financial Services Regulatory Code online.

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60 Responses

  1. Default Gravatar
    SharonJuly 16, 2017

    Do yu lend in CT?

    • Staff
      HaroldJuly 16, 2017Staff

      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

  2. Default Gravatar
    AdassaJuly 4, 2017

    do you do loans in new York

    • Staff
      AnndyJuly 4, 2017Staff

      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

  3. Default Gravatar
    RicardoJune 26, 2017

    I don’t have a bank account but I get my checks direct deposit into my prepaid card accpunt thru pls check cashers..

    • Staff
      HaroldJune 27, 2017Staff

      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

  4. Default Gravatar
    JamesJune 26, 2017

    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?

    • Staff
      HaroldJune 26, 2017Staff

      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

  5. Default Gravatar
    StaceyJune 20, 2017

    Can I use my debit card to get the loan

    • Staff
      AnndyJune 20, 2017Staff

      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

  6. Default Gravatar
    DianeJune 20, 2017

    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?

    • Staff
      AnndyJune 20, 2017Staff

      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

  7. Default Gravatar
    FermiJune 19, 2017

    How do I apply for a payday loan on a prepaid account?

    • Staff
      AnndyJune 20, 2017Staff

      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

  8. Default Gravatar
    PennyJune 18, 2017

    I have my own prepaid debit card, I have the acct.# and rout.# will that work?

    • Staff
      AnndyJune 20, 2017Staff

      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

  9. Default Gravatar
    AnonymousJune 14, 2017

    Can I get the money on my employee paycard

    • Staff
      MayJune 15, 2017Staff

      Hi Anonymous,

      Thanks for your question.

      There are actually lenders that offer payday loans and will credit the loan proceeds to your debit card. Please check this page to compare your options. Best that you review the criteria and the details of the loan product you’re interested in and get in touch directly with the lender to discuss your loan options. You can also click on the green ‘Go to site’ button when you’re ready to apply.

      Hope this has helped.

      Cheers,
      May

  10. Default Gravatar
    RonJune 14, 2017

    I have a bank account but my bank does not support payday or installment loans.

    • Staff
      AnndyJune 15, 2017Staff

      Hi Ron,

      Thanks for your question.

      If your bank account does not support payday loans, you may consider getting a prepaid debit card payday loan. These loans will have the funds deposited to your prepaid debit card.

      Kindly review the eligibility criteria and the relevant terms and conditions of the loan before submitting your application.

      Cheers,
      Anndy