Blue Trust offers alternatives to payday loans for people looking to borrow money they can pay back over several months. You can apply for Blue Trust Loans’ installment loan online, and possibly receive funding as fast as the next business day.
| Product Name | Blue Trust Loans Installment Loans |
|---|---|
| Min Loan Amount | $100 |
| Max. Loan Amount | $1,250 |
| Loan Term | 6 months |
| Loan Security | Unsecured |
| Turnaround Time | As soon as next business day |
| Requirements | You must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account. |
Overview
If you need money quick, you can apply online for a short term installment loan from Blue Trust Loans. These loans act as an alternative to payday loans, and you don’t have to make payments in one large lump sum. Instead, you can pay over time, through a fixed repayment schedule.
Blue Trust Loans does not charge any penalty fees if you decide to make payments before the due date. Additionally, you can save on interest by making early payments.
It’s important to note that the APR for these loans will be higher than that of commercial banks. You should expect to pay an APR anywhere from 471.7846%, depending on the loan term.
Benefits of Blue Trust Loans Installment Loans
- No prepayment penalties. Blue Trust Loans will not charge any fees if you decide to pay off your loan balance earlier than the due date. However, there are no set discounts for doing this.
- Quick approval. After you apply, the company can let you know if you are approved within minutes if you submit the application within normal business hours.
- Fast turnaround. If your application is approved, you can deposit up to $1,250 into your bank account as quick as the next business day.
Blue Trust Loans Installment Loans Features
- 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.
- Qualification requirements. To qualify for Blue Trust Loans, you must have an operating checking account and verifiable source of income; both of which must meet the company’s minimum requirements. You also cannot be a debtor or in a bankruptcy case.
- Payment schedule. The payment schedule is based off of your income schedule. For example, if you are paid biweekly, you will have 12 payments. If you get paid weekly, you will have 24 loan payments. If you are paid monthly, your loan will have six payments. Terms are typically six months.
- 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.
- Fees. Specific fee amounts aren’t provided on the website, but you can expect a fee for things like late, partial, and absent payments.
How does Blue Trust Loans compare to other installment loans?
How to apply for an installment loan through Blue Trust Loans
Applying for the loan is easy, and requires applicants to meet the following eligibility requirements:
Eligibility criteria:
- 18 years old
- US citizen
- Verifiable source of direct deposit income
- Open and operating checking account
- Take-home pay that meets minimum income requirements
- Not a debtor or in a bankruptcy case
The application is online, and requires the following information and documentation:
Required documents & information:
- Name
- Requested loan amount
- Social security number
- Residential address
- Email address
- Phone number
- Birthdate
- Income information
- Bank account information
Bottom line
If you are looking to get funded fast, Blue Trust Loans can get you approved in minutes, and funded as soon as the next business day. Before choosing Blue Trust Loans, be sure to compare your other online installment loan options.
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
Can I get the money on my employee paycard
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
I have a bank account but my bank does not support payday or installment loans.
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