Greenline Loans review April 2021: Is it legit? | finder.com

Greenline Loans review

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No breakdown of cost online, but relatively simple application process.

Bottom line: Greenline Loans is a tribal lender — and that means high potential costs. Consider what you might need to pay and what other options are available before you borrow. Read our full review.

$100

Min. Amount

$300

Max. Amount

1 to 3 business days

Turnaround time

Details

Product NameGreenline payday loans
Min. Amount$100
Max. Amount$300
Loan TermNot stated
Loan SecurityUnsecured
Turnaround Time1 to 3 business days
RequirementsActive bank account, $1,000+ consistent monthly income, 18+ years old, US citizen

Expert review

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Review by


Kellye Guinan is a seasoned financial writer with over 500 articles under her belt spanning all things loans from auto to personal to business and everything in between. With four years in the field and five years of research experience, she's able to make complex personal finance decisions easier for everyday people to tackle. When she's not up to her knees learning about the latest trends in lending, she spends her time improving her own financial literacy and expertise.

Expert review

Greenline Loans is a tribal lender that offers small installment loans. First-time borrowers can qualify for up to $300.

While this isn’t the most robust service out there, Greenline is a good choice if you’ve run out of other options and need a small amount of cash. The low loan amounts mean that, even with a high interest rate, you may not pay hundreds of dollars in fees.

But Greenline isn’t clear about its costs. It’s not regulated by state laws, either, and it may perform a credit check. You should carefully compare other options before taking out an expensive tribal loan.

Pros and cons

  • Available in 35 states
  • Small installment loans
  • Member of the Online Lenders Alliance (OLA)
  • Loan cancellation available
  • Low maximum loan amount of $300 for first-time borrowers
  • Not regulated by US state laws
  • Not up front about potential costs
  • May perform a credit check

Greenline rates, fees and terms

Greenline isn't upfront about the cost of its loans. But as a tribal lender, it doesn't have to abide by state laws — which could mean an annual percentage rate (APR) of over 500%. If you decide to borrow, carefully review your loan contract. It should contain details about your payments, the total cost of your loan and the loan term.

It does state on its website that you can't renew or extend your loan. And while you can pay off your loan early at no extra cost, you may be charged a late fee if you can't make your payment on time.

Is Greenline legit?

Yes, Greenline Loans is a legitimate lender. It's a member of the Online Lenders Alliance (OLA), which has a set of best practices that help educate consumers.

Additionally, it has a secure website, industry-standard privacy policy and information about the tribe that owns Greenline. However, its customer service number doesn't have an option for general questions. And when we tried to call, we weren't able to speak to a representative.

Greenline merged with Quick Help Loans, a tribal lender

Tribal lender Quick Help Loans now exclusively offers loans through Greenline. The websites of these two lenders is largely similar, and Quick Help Loans redirects borrowers to Greenline on its application form. However, the Better Business Bureau (BBB) only has customer reviews for Quick Help Loans, not Greenline.

Compare more payday loans

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Data updated regularly
Name Product Filter Values Loan amount Turnaround time Requirements
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$500 to $5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Check Into Cash Payday Loan
Varies by state
1 to 2 business days
Active bank account, government-issued photo ID, proof of income, most recent bank statement, checking account and bank routing number and Social Security Number or ITIN (for Indiana residents only)
You can also take advantage of bill pay, check cashing and more at storefront locations.
Stilt
$1,000 to $25,000
2 to 3 business days
Be employed, have a US bank account, live in a state where Stilt operates, hold one of the following visas: F-1 and OPT, H-1B, H4, O-1, L-1, TN, J-1, DACA or be a US citizen.
No green card? You could still qualify for a personal loan.
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
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Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
$100 to $15,000
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Get offers from potential lenders in minutes by filling out just one online form.
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Greenline reviews and complaints

BBB accredited No
BBB rating B+
BBB customer reviews 5 out of 5 stars, based on 1 customer reviews
BBB customer complaints 7 customer complaints
Customer reviews verified as of 21 March 2021

While Greenline Loans doesn't have any customer reviews on its main BBB page, its sister company, Quick Help Loans, does. It only has one review, and the majority of its complaints are hidden. This makes it difficult to gauge how Greenline handles customer complaints.

Eligibility requirements

Greenline Loans only has a few set eligibility requirements.

  • Regular source of income
  • Monthly income of $1,000 or more
  • Open checking account
  • US citizen
  • At least 18 years old

It states you may need to meet other criteria as well — potentially minimum credit. Greenline states that it may check your credit to determine if you're eligible. However, it doesn't state whether it pulls from one of the three main credit bureaus — TransUnion, Experian and Equifax — or if it uses an alternative credit bureau.

How to apply

Greenline Loans has a straightforward application. And like most online lenders, it asks for some sensitive personal information up front, including your Social Security number and bank account numbers.

But while it advertises loans of $100 to $300 available for first-time borrowers, you'll only be able to select $300 when you apply. Once you submit your application, Greenline will electronically review your information and determine if you qualify.

If approved, you can sign your loan documents electronically. In most cases, you should see your loan deposited into your bank account within one to three business days.

Greenline locations

Greenline Loans is an online tribal lender with no physical locations. And while it does offer loans to the majority of the US, you will not qualify if you live in one of these states:

  • Arkansas
  • Colorado
  • Connecticut
  • Georgia
  • Maryland
  • Minnesota
  • Montana
  • New Hampshire
  • New York
  • Pennsylvania
  • Vermont
  • Virginia
  • West Virginia
  • Wisconsin
  • Washington

Greenline Loans also does not lend to residents of Puerto Rico.

Payment options

Greenline Loans offers two ways to pay:

  • Automatic online payments. Greenline automatically withdraws payments from the bank account you provide in your application.
  • Certified checks. Send a check to Greenline's PO Box — but plan ahead to avoid missing your due date.

If you have any questions about payments or won't be able to make one by your due date, reach out to Greenline's customer service for information on rescheduling.

Greenline also allows you to cancel your loan, and avoid a finance charge, by 3 p.m. MT the business day following your loan disbursement. To cancel, log in to your Greenline account or reach out to customer service.

Tribal loans are expensive — even for installment loans. Before you borrow, consider a state-based payday loan to avoid the high cost.

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