Total Loan Company installment loans review

Financing with transparent terms to residents of five states.’s rating: 4.4 / 5.0


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

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

Name Product Filter Values Loan amount Turnaround time Requirements
OppLoans Installment Loans
$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.
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
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.
LendYou Short-term Loans
$100 to $2,500
Same business day to 1 business day
$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.
Monevo Installment Loans
$500 to $100,000
Varies by lender
Credit score of 500+, legal US resident, ages 18+
Quickly compare multiple online lenders with competitive rates depending on your credit.
Fig Loans Installment Loans
$200 to $800, varies by state
As soon as the same business day
3 months of direct deposits, $1400 per month income, positive bank account balance
Get an affordable installment loan that comes with no fees, flexible terms and predictable monthly repayments.

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.

Total Loan Company reviews and complaints

BBB accreditedYes
BBB ratingA+
BBB customer reviews4.9 out of 5 stars, based on 150 customer reviews
Customer reviews verified as of16 October 2020
Total Loan Company has overwhelmingly positive reviews from former customers. Reviewers cited a quick application process and polite customer service team as the main reasons for their ratings.

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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