While LoanAtLast has longer terms than many payday lenders, you’ll still face the same expensive financing fees as other short-term lenders out there. But if you live in a state where short-term lending is otherwise banned, LoanAtLast could be a way to borrow the money you need without having great credit.
$200
Min. Amount
$1,000
Max. Amount
1 to 2 business days
Turnaround time
| Product Name | LoanAtLast Installment Loans |
|---|---|
| Min. Amount | $200 |
| Max. Amount | $1,000 |
| Loan Term | Up to 9 months |
| Loan Security | Unsecured |
| Turnaround Time | 1 to 2 business days |
| Requirements | Have an open checking account in your name, ages 18+ years old, US citizen or permanent resident and no open bankruptcies. |
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 0.75 years. While LoanAtLast doesn’t advertise an exact range of interest rates, you can expect a high APR. However, LoanAtLast does its best to keep borrows informed. It’s a member of the Online Lender’s Alliance and follows a list of best practices.
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 it can charge in interest and fees — which means you could end up paying double or even triple your loan amount in fees. However, since LoanAtLast doesn’t charge a prepayment penalty, you can save on interest by paying off your loan early.
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.
Borrowing from this tribal lender comes with a few benefits, including:
Consider these potential drawbacks before applying for a LoanAtLast installment loan:
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. You may also want to check out some short-term loan alternatives while you compare other lenders.
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.
| BBB accredited | No |
|---|---|
| BBB rating | B |
| BBB customer reviews | 1.17 out of 5 stars, based on 1 customer reviews |
| BBB customer complaints | 97 |
| Trustpilot score | 4.5 out of 5, based on 4,751 customer reviews |
| Customer reviews verified as of | 16 October 2020 |
To qualify for a LoanAtLast installment loan, you must:
You can apply for a LoanAtLast installment loan online by following these steps:
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 generally be funded as soon as the next business day.
Now that you have your loan, it’s time to start thinking about repayments. LoanAtLast offers three ways to make your monthly payments:
There is a late payment fee of $20 if you miss your due date by more than five days, and LoanAtLast charges a non-sufficient funds (NSF) fee of $30 if there isn’t enough money in your account.
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 by using the online chat feature.
LoanAtLast may be a member of the OLA and follow a list of best practices, but that doesn’t mean it’s a cheap option. However, its wide availability and quick turnaround could make it useful if you live in a state where short-term lending is usually illegal. Just be sure you understand how tribal lending works before you borrow.
And of course, you should always compare your installment loan options to make sure you’re getting the best deal out there.
LoanAtLast Installment Loans is not currently available on Finder
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