LoanAtLast installment loans review December 2018 | finder.com

LoanAtLast installment loans review

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Borrow up to $1,000 from this tribal lender — but watch out for extremely high APRs.

If your credit has taken a hit and you can’t qualify for a traditional personal loan, LoanAtLast’s installment loans could help. While these loans come with longer terms than payday loans, they have the same high APRs as other short-term loans out there. And they’re not available in all states.
Product NameLoanAtLast Installment Loans
Min Loan Amount$200
Max. Loan Amount$1,000
Loan SecurityUnsecured
Turnaround Time1 to 2 days
RequirementsHave an open checking account in your name, ages 18+ years old, US citizen or permanent resident and no open bankruptcies.
  • Have an open checking account in your name.
  • Be at least 18 years old.
  • Be a US citizen or permanent resident.
  • Not be involved in a bankruptcy case.

What is LoanAtLast?

LoanAtLast is a short-term tribal lender owned by the Lac Du Flambeau Band of Chippewa Indians. It offers installment loans of $200 to $1,000 with terms up to 0.80 year. While LoanAtLast doesn’t advertise an exact range of interest rates, you can expect APRs in the triple digits.

This is because as a sovereign tribal lender, LoanAtLast doesn’t have to abide by federal and state laws regarding short-term loans. This means there’s no cap on how much the lender can charge in interest and fees. However, since LoanAtLast doesn’t charge a prepayment penalty, you can save on interest by paying off your loan early.

What makes a tribal lender different?

Not available in all states

LoanAtLast doesn’t offer installment loans to residents of Arkansas, New York, Pennsylvania, Vermont, Virginia, West Virginia, Wisconsin or Washington, DC. If you live in one of these states, consider another lender.

What are the benefits of an installment loan from LoanAtLast?

Borrowing from this tribal lender comes with a few benefits, including:

  • Option to cancel your loan. Have second thoughts? You can cancel your loan up to one business day after receiving your funds as long as it’s done by 4 p.m. CT.
  • Member of the Online Lender’s Alliance (OLA). This means LoanAtLast follows a list of best practices to ensure you’re given a fair and transparent lending experience.
  • Online chat available. Unlike some lenders that only give you a single contact email, LoanAtLast goes a step further and offers an online chat feature.
  • Available in 43 states. These loans are available in all states except Arkansas, New York, Pennsylvania, Vermont, Virginia, West Virginia, Wisconsin and Washington, DC.

What to watch out for

Consider these potential drawbacks before applying for a LoanAtLast installment loan:

  • Expensive to borrow. Like all short-term loans, you face staggering APRs in the triple digits.
  • Tribal lender. LoanAtLast doesn’t have to abide by any state or federal regulations and can’t be sued in a US court of law — all disputes are handled by a Tribal Regulatory Authority.
  • Mixed reviews. Some former borrowers had issues working with LoanAtLast’s customer service team to make repayments, though others praised the team and its speedy application process.

Compare more installment loan providers

Rates last updated December 16th, 2018
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 Max. Loan Amount Turnaround Time Requirements
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
$5,000
1 business day
Must have direct deposit and meet minimum income requirements
Jora Installment Loans
Installment loans with repayment terms up to 30 months, depending on your state.
$2,600
1–2 days
Must have an active checking account, regular source of income and email address.
CashUSA Installment Loans
A connection service for quick cash loans up to $10,000.
$10,000
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
Blue Trust Loans Installment Loans
Get an installment loan from an online tribal lender. Perks for returning borrowers.
$2,000
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.
LendYou Short-term Loans
Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
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.
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
$2,500
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.

Compare up to 4 providers

Beware of extremely high interest rates

LoanAtLast offers an example on its website of the rates and terms you might qualify for — and the costs are astronomical. A $500 loan with a 676% APR and 20-month term will end up costing you over $2,000 — and that’s if you’re able to make the payments on time without incurring additional fees.

While this isn’t unlike other short-term lenders, it’s still something to keep in mind when exploring your options.

Is it safe to apply with LoanAtLast?

Generally, yes. LoanAtLast runs a secure website with 256-bit SSL encryption alongside industry-standard firewalls and virus protection software. It states that only authorized employees have access to your information, and its security ticket is valid until 2020. You can also check out its privacy policy to see what information it collects, how its used and how you can limit sharing with business affiliates.

What do customers say about LoanAtLast?

Reviews of LoanAtLast are a mixed bag. The lender isn’t accredited with the Better Business Bureau and earns a B+ rating as of November 2018. It only has one customer review, which is negative, and 11 complaints filed against it. Customers were most upset with how expensive these loans were, while others had issues working with customer service to pay back their loan.

It fares better on Trustpilot, earning an 8.6 out of 10 rating. The majority of its nearly 900 reviews rate it as “Excellent.” Many praised the lender for its fast turnaround and helpful customer service, although there were still several warnings about the extremely high interest rates.

Am I eligible?

To qualify for a LoanAtLast installment loan, you must:

  • Have an open checking account in your name.
  • Be at least 18 years old.
  • Be a US citizen or permanent resident.
  • Not be involved in a bankruptcy case.

How do I apply?

You can apply for a LoanAtLast installment loan online by following these steps:

  1. Visit LoanAtLast’s website and select how much you want to borrow.
  2. Enter your full name and email, select your state of residence and click Apply Now.
  3. Fill in your phone number and address, then click Next.
  4. Enter your source of income, pay frequency and take-home pay. Click Next.
  5. Choose an ID number, then fill in your date of birth, Social Security number and banking information. Click Submit.

LoanAtLast notifies you by email with a decision. You may be asked to submit extra documentation to verify your identity and income, which might require a call with a customer service representative.

Once you reach the final stage of approval, LoanAtLast sends your loan contract and disclosures. Read these carefully, as they should outline exactly how much your loan costs, any fees you may incur and your payment schedule. If you agree, sign your loan contract electronically. Applications approved before 4:30 p.m. CT can be funded as soon as the next business day.

I got a LoanAtLast installment loan. Now what?

Now that you have your loan, it’s time to start thinking about repayments. LoanAtLast offers three different ways for you to make payments each month:

  • Electronic funds transfer. Set up your checking account to have your payment directly transferred to LoanAtLast.
  • Money order or cashier’s check. Drop this in the mail, but make sure it’s dated before your payment due date.
  • Payment by phone. Call LoanAtLast two days before your due date to make a payment with your debit card.

Keep an eye on your loan balance and bank account. If you notice anything off, reach out to LoanAtLast by calling 844-676-8550, emailing customerservice@loanatlast.com or using the online chat feature.

Bottom line

LoanAtLast’s installment loans are a quick way to cover an unexpected expense. Though it’s a member of the OLA, it doesn’t have to follow state regulations like other non-tribal lenders do. And its high costs could trap you in a cycle of debt.

Before you apply, see how LoanAtLast stacks up to other installment loan providers. Or consider one of these alternatives to short-term loans instead.

Frequently asked questions

Kellye Guinan

Kellye Guinan is a writer and editor with finder.com and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

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