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Total Loan Company installment loans review

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Financing with transparent terms to residents of five states.

Borrowers with less-than-perfect credit looking for fast cash may want to consider a Total Loan Company installment loan. It offers transparent rates, terms and fees so you know exactly what you’re getting into. But it’s only available to residents of five states, and you need a relatively high monthly income to qualify.


Min. Amount


Max. Amount

1 business day

Turnaround time


Product NameTotal Loan Company installment loans
Min. Amount$750
Max. Amount$3,000
Loan Term6 months to 3 years
Turnaround Time1 business day
RequirementsChecking account, $1,500+ monthly income, recent pay stub, live in eligible state, 18+ years old
Go to Total Loan Company's website

What is Total Loan Company?

Total Loan Company is a short-term lender that offers installment loans between $750 and $3,000. Loan terms last anywhere from six to 36 months, though your maximum APR varies depending on where you live. Residents of Illinois have APRs capped at 99%, while borrowers in all other states may see APRs as high as 199%.

The application should only takes a few minutes to fill out, and you may be able to get your loan funds as soon as the next business day.

What states does Total Loan Company service?

Total Loan Company is licensed to lend in:

  • Illinois
  • Missouri
  • South Carolina
  • Utah
  • Wisconsin

What are the benefits of an installment loan from Total Loan Company?

From fast funding to transparent terms, here are a few perks of taking out a Total Loan Company installment loan:

  • Transparent terms. Unlike many short-term lenders, Total Loan Company doesn’t hide its APRs, fees and terms.
  • Quick funding. If your application is approved before 1 p.m. CT, you may be able to receive your loan funds as soon as the next business day.
  • May report payments to the credit bureaus. You could improve your credit score by repaying your installment loan on time each month. Though late and missing payments could hurt it.
  • Educational resources available. Total Loan Company has a learning center on its website with tips for improving your credit, paying off debt and more.

What to watch out for

Total Loan Company may offer transparent terms, but there are still some drawbacks to consider before you borrow:

  • Potentially high APRs. Depending on where you live and your personal finances, you could see APRs as high as 199%.
  • Limited availability. Total Loan Company only works with residents of Illinois, Missouri, South Carolina, Utah and Wisconsin. If you live outside these states, you’ll have to compare other short-term lenders.
  • High minimum income required. To qualify for an installment loan from Total Loan Company, you need to have a minimum monthly income of at least $1,500.

Compare more short-term loan options

Updated October 16th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
As soon as the next business day
Regular source of income received biweekly or semi-monthly, Missouri or Utah resident, checking account with automatic deposits, not a military service member
Borrow up to $1,200 — but only if you live in Missouri or Utah.
As soon as the next business day
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.
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
Same business day to 1 business days
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Get a flexible installment loan with fast funding through one easy online application form.
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
1 business day
Regular source of income, bank account, US citizen or permanent resident, ages 18+
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

Compare up to 4 providers

Is it safe to apply with Total Loan Company?

In general, yes — though no online provider can ensure your information stays 100% secure. To help protect you, Total Loan Company’s website is encrypted to keep your personal details safe from hackers. You can also easily find its terms of use and privacy policy on its website, which covers the type of information it collects and shares. Total Loan Company allows you to limit sharing by emailing or calling a customer service representative.

What do borrowers say about Total Loan Company?

As of July 2019, Total Loan Company has overwhelmingly positive reviews from former customers. It’s accredited by the Better Business Bureau (BBB) and receives an A+ rating — largely because it has no complaints filed against it. It also earns a solid five-star rating from previous borrowers. Many were happy with the quick process and polite customer service team.

Am I eligible?

To qualify for a Total Loan Company installment loan, you need to meet the following requirements:

  • $1,500 minimum monthly income
  • Checking account
  • Recent pay stub
  • Live in eligible state
  • At least 18 years old

How do I apply?

To apply for an online installment loan from Total Loan Company, follow these steps:

  1. Visit Total Loan Company’s website, then enter your first name, email address, phone number and your state of residence.
  2. Select your preferred loan amount, then enter information about yourself, including your date of birth and Social Security number.
  3. Enter information about your income and employment, including how you receive your paycheck.
  4. Enter details about your bank account and select how you plan to use your loan.
  5. Click Submit and wait for Total Loan Company to process your application.

It may take up to three minutes for Total Loan Company to fully review your application. If you’re approved, follow the steps to finalize your contract. If you aren’t approved, Total Loan Company may suggest a partner lender that you might qualify with instead.

What documents do I need to apply?

When you’re ready to apply, make sure you have the following information on hand:

  • Social Security number
  • Recent pay stub
  • Income information
  • Bank account details

I got a Total Loan Company installment loan. Now what?

Now that you have your funds, it’s time to start budgeting for repayments. You can make a payment with a debit card or bank account transfer by visiting Total Loan Company’s website and clicking Make a Payment. If you miss your due date, you may have to pay a late fee based on your state’s regulations. Typically, this is either a percentage of the installment due or a flat fee. You can check your loan agreement to see what yours may be.

If you’re struggling to repay your loan, reach out to Total Loan Company as soon as possible. Depending on where you live, you may be able to renew it — just keep in mind this likely comes with added interest and fees.

Bottom line

Although Total Loan Company is only available in five states, it offers borrowers transparent rates and terms so you know what to expect before applying. But you’ll need to have a bank account and relatively high monthly income to be eligible.

Not sure it’s the right fit for you? Compare your other short-term loan options to find other lenders you might qualify with.

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