Lendgreen installment loans review

Need a loan but don’t want to pay it back in one chunk? A Lendgreen installment loan could be the solution for you.

If payday loans are illegal in your state or you want to have more time to pay back what you borrow, consider an installment loan. Lendgreen can help you through a tough financial emergency no matter your credit history, and the loan proceeds go towards funding the Lac du Flambeau Reservation, a federally-recognized sovereign Indian Tribe.

Product NameLendgreen Payday Loans
Min Loan Amount$100
Max. Loan Amount$1,500
Min APR From

How does borrowing from Lendgreen work?

To qualify, you have to meet basic eligibility criteria, including an income of at least $1,100 per month.

If you’re eligible, you can start the borrowing process by submitting an online application. Lendgreen doesn’t perform credit checks with the three main credit providers, but it may determine your credit through an alternative provider such as Teletrack.

You’ll find out if you’re approved in seconds. If you are, you’ll receive a pre-approval estimate of your loan, which can range from $100 to $1,500, although first-time borrowers won’t qualify for the maximum amount.

A Lendgreen representative will contact you and guide you through the rest of the process, or you can speed things up by signing the loan agreement electronically. Lendgreen will then transfer the money into your bank account, usually by the next business day.

Payments are predetermined based on the details in your loan contract. Read this carefully before you sign to make sure you can afford the payment schedule and the high interest rate. If you don’t feel like you’ll be able to successfully pay for the loan, you are under no obligation to accept.

Before you apply, learn about how online installment loans work

See how other loans compare to Lendgreen

Rates last updated September 22nd, 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.
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NetCredit Installment Loan
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MaxLend Installment Loans
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Cash Central Installment Loan
Pay monthly or biweekly over six to 24 months with lower APRs over your typical payday loan.
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Compare up to 4 providers

Benefits of Lendgreen Loans

  • Bad credit is OK. Lendgreen takes your existing financial situation into account before making a decision. As long as you make the minimum monthly income, you will qualify for a Lendgreen installment loan..
  • Large availability. Lendgreen provides installment loans to residents of over 40 states.
  • Payment schedule. Unlike payday loans, you’ll be able to repay your loan in installments based on how often you get paid.
  • Repayment flexibility. You can make payments towards your loan automatically via direct debit, or you can send money orders, cashier’s checks or certified checks via mail. Lendgreen lets you make additional payments at any time, and you can pay your loan off before the due date for no additional fee.

Features of Lendgreen Loans

  • Various loan amounts. As a first-time borrower with Lendgreen, you can borrow between $400 to $700. Returning customers can qualify for $1,000 or more.
  • Sovereign entity. Lendgreen Loans is solely owned and operated by the Lac du Flambeau Reservation. They are a tribal lender, and the funds generated through loans help support government projects.
  • Accredited Lender. They are members of the Online Lenders Alliance (OLA), meaning they abide by set standards when determining interest rates and payment schedules.
  • Variable loan term. Loan terms can vary from 3 to 18 months, depending on the amount you borrow and your ability to make repayments.

How much will I pay for an installment loan through Lendgreen?

The average APR of Lendgreen loans varies from 720% to 795%. As with all installment loans, the longer you take to repay, the more it will cost. This is because interest will continue to accrue until the end of your loan period. The best way to save money is to pay back your loan as quickly as financially possible.

The loan contract outlines how much you may end up paying in different circumstances. If you make late payments or miss them entirely, you will likely have to pay extra fees and face your loan going into collection, which can wrack up even more costs. Avoid this by only taking out as much as you can afford and budgeting for the extra costs.

How to apply for an installment loan from Lendgreen?

Applying for the loan is an easy online process.

    Eligibility criteria:

  • Be a US citizen or permanent resident
  • Be at least 18 years old (varies by state)
  • Have a valid bank account
  • Meet minimum income requirements ($1,100/month)
    Required information:

  • Your name, contact information, date of birth and Social Security number
  • Details from a valid form of ID
  • Details about your income and pay schedule
  • Your bank account information

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 about Lendgreen installment loans

Due dates will be set in the terms of the loan agreement, and will normally be withdrawn from your account automatically. Failure to have payment ready can result in a $30 late fee and a NSF fee.

If you don’t want to pay via ACH, you can send a money order, cashier’s check or certified check to Lendgreen.

No. Only laws of the Lac du Flambeau 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. However, your state laws may forbid you from taking out a payday or installment loan.

No. Lendgreen does not offer any products that are appropriate for military service members.

Yes. You can cancel your loan request as long as it is before 5 p.m. EST the business day following your loan disbursement date.

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.

Yes. You can qualify for a higher loan amount and you can also submit your application more quickly.
After the pre-approval of your loan, you will receive a call from the Lendgreen customer care department to verify your credentials. Keep your ID, banking information and payroll information close at hand to complete the process quickly.
No. Lendgreen provides online loans only, so you’ll have to provide your bank account details. If you’re approved, the money is transferred into the bank account electronically.
In some cases, Lendgreen requires applicants to send copies of recent bank statements or pay stubs. If this is the case with your application, you can fax the documents or scan and send them via email.
No, you can get only one Lendgreen loan at a time. Once you repay your loan, you can borrow again.
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2 Responses

  1. Default Gravatar
    RobertMay 4, 2017

    How much to pay back 600 loan?

    • Staff
      HaroldJuly 4, 2017Staff

      Hi Robert,

      Thank you for your inquiry.

      In general, the average APR of Lendgreen loans is 795%. The longer you take to repay your loan, the more it will cost.

      I hope this information has helped.