ZocaLoans installment loans review

Plan to pay extra to get your funds the same day.

Speed can be crucial when you’re exploring your short-term loan options, which is why ZocaLoans offers a same-day wire transfer option. But you have to pay extra for that quick turnaround — on top of the already high interest rates.

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Min. Amount


Max. Amount


Product NameZocaLoans installment loans
Min. Amount$200
Max. Amount$1,500
Loan TermNot stated
Loan SecurityUnsecured
RequirementsActive checking account, state-issued ID, US citizen or permanent resident, ages 18+

What is ZocaLoans?

ZocaLoans is run by the Rosebud Sioux Tribe and offers installment loans between $200 and $1,500 to residents of 37 states. As a tribal lender, it’s not tied to the strict short-term loan regulations of many states, meaning there’s no limit to how much it can charge borrowers in interest and fees.
While it doesn’t list loan terms or APRs on its website, it does offer an example of a repayment schedule for a $200 installment loan — and it’s not pretty. In the example, the loan comes with biweekly payments over six months at an APR of 795%. This means you’d end up paying $888 in interest — nearly three times the amount you borrowed.
The standard turnaround to get your funds is one business day, though it does offer a same-day wire transfer option. Just be prepared to pay $30 for the convenience.

What states is ZocaLoans available in?

ZocaLoans offers online installment loans to residents of all states except:

  • Arkansas
  • Colorado
  • Georgia
  • Maine
  • Maryland
  • Massachusetts
  • New Hampshire
  • New Jersey
  • New York
  • Pennsylvania
  • Vermont
  • West Virginia
  • South Dakota
  • Washington, DC

What are the benefits of an installment loan with ZocaLoans?

From its possible same-day turnaround to its wide state availability, here are a few perks of ZocaLoans:

  • Available in lots of states. Residents of 37 states may be able to borrow from ZocaLoans.
  • Free payment extension. ZocaLoans offers a one-time complimentary extension if you’re unable to make a repayment.
  • Optional same-day funding. For a $30 fee, you may be able to get your funds the same day you apply.

What to watch out for

Like all short-term lenders, there are a few drawbacks to consider before applying:

  • No cap on APRs. Because ZocaLoans is a tribal lender, there’s no cap on the APRs it can charge.
  • May access your other bank accounts. Buried in the fine print, ZocaLoans states that it may use other bank accounts it finds during the information collection process to withdraw your repayments — even if you didn’t include them on your application.
  • Multiple negative reviews. ZocaLoans doesn’t have the best reviews from former borrowers — with most upset over poor customer service and mishandled repayments.

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Is it safe to apply for an installment loan from ZocaLoans?

In general, yes — though no online lender can ensure your information stays completely secure. ZocaLoans does its part by encrypting any details you enter on its online application. It also has an industry-standard privacy policy that explains what information might be shared with third-party affiliates. You can limit what’s shared by emailing support@zocaloans.com or calling 888-220-0460.

ZocaLoans reviews and complaints

BBB accreditedNo
BBB ratingB
BBB customer reviews1 out of 5 stars, based on 7 customer reviews
BBB customer complaints104
Customer reviews verified as of16 October 2020
ZocaLoans is listed under its parent company Rosebud Lending BHL First Pay Loans on the Better Business Bureau (BBB) and gets mostly negative reviews. It gets a low BBB rating because of the patter of complaints from over customer service.
Borrowers say they have a difficult time reaching ZocaLoans by phone and email. And those representatives they were able to get ahold of were rude. Other customers had issues with ZocaLoans deducting too much money from their account or continuing to deduct repayments even after their loan was paid in full.

Am I eligible?

To qualify for a loan from ZocaLoans, you need to meet the following criteria:

  • Active checking account
  • State-issued ID
  • US citizen or permanent resident
  • At least 18 years old

How do I apply?

ZocaLoans is an online lender, so you’ll need to visit its website to start the application process. Follow these steps:

  1. Go to the ZocaLoans website and click Apply Now.
  2. Enter your personal information and how much you want to borrow.
  3. Check the box that you read its term and conditions, privacy policy and electronic disclosures. Click Next.
  4. Enter your address and select whether you rent or own. Click Next.
  5. Enter your bank account details. Click Next.

ZocaLoans will instantly review your application and provide you with a lending decision. If you’re approved on a weekday before 8 p.m. CT, you may receive your funds as soon as the next business day. You can also choose to have your funds sent the same day via a wire transfer for a $30 fee.

What information do I need to apply?

To get started with the application, make sure you have the following information on hand:

  • Driver’s license or state ID
  • Social Security number
  • Checking account (ABA) number
  • Bank’s routing number
  • Debit card number

I got the installment loan. Now what?

Once you have your loan, make sure you understand the repayment schedule. This should outline the amount of interest you’ll be charged and the due dates of each of your repayments. Because ZocaLoans doesn’t charge a prepayment penalty, you can make extra repayments at no cost to save on interest.
If you think you may have trouble making a repayment, reach out to ZocaLoans at least two days before your payment is due for a one-time complimentary extension. If your payment is late by more than two days or you don’t have enough in your account, you may be charged a late fee or nonsufficient funds fee of $25 each.

Bottom line

While ZocaLoans provides speedy service, it may end up costing you in the long run. And it doesn’t have the greatest reviews from former customers — if you have bad credit and need quick cash you may find there are better alternatives to ZocaLoans to check out.
Before you borrow, read our guide to tribal lending and compare other short-term lenders to make sure you understand all of your options.

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