About
Arrow Funding Group is a lender that specializes in short-term consumer loans, ranging from $200 to $1,000. These loans are designed to help borrowers cover unexpected expenses and are not intended to meet long-term financial needs. The company reviews the borrower's information in real-time to determine their eligibility and ability to repay the loan. To do this, they verify applicant information through national databases such as TransUnion, Experian, Equifax, DataX, Clarity, and Factor Trust. The company may also pull the borrower's credit to assess their creditworthiness.
Arrow Funding Group is a company owned and licensed by the Big Valley Band of the Pomo Indians. It operates under the name Kali LLC and is a Native American business that operates within the exterior boundaries of the Reservation, which is a sovereign nation located within the USA.
Key Features
Some key features of Arrow Funding Group include:
- Real-time application processing. The company reviews borrower information in real-time to determine eligibility and ability to repay the loan. This means that borrowers can get an instant decision on their loan application.
- Verification of applicant information. Arrow Funding Group verifies applicant information through national databases, which helps ensure that borrowers meet the company's lending criteria and can repay the loan.
- Owned and licensed by a Native American tribe. The company is owned and licensed by the Big Valley Band of the Pomo Indians, which is a Native American business operating within the exterior boundaries of the Reservation, a sovereign nation located within the USA.
- Separate laws and regulations. As a Native American-owned company, Arrow Funding Group operates under its own laws and regulations, separate from those of the United States government, while still adhering to all relevant federal and state laws.
Pros and Cons
Pros:
- Fast online application form. Arrow Funding Group offers real-time processing of loan applications, which means that borrowers can get an immediate response on their loan application.
- Emergency cash. The lender offers short-term loans, which can be helpful for borrowers who need emergency cash to cover unexpected expenses.
- No hidden fees. Arrow Funding Group is transparent about its fees and charges, which can help borrowers better understand the true cost of their loan.
- Verification of applicant information. The company verifies applicant information through national databases, which helps ensure that borrowers meet the company's lending criteria and can repay the loan.
Cons:
- High-interest rates. The interest rates on loans can be high, which means that borrowers may end up paying back more than they originally borrowed.
- Short repayment period. The company's loans are designed to be repaid within a short period of time, which may not be feasible for all borrowers.
- Limited loan amounts. Borrowers are offered loans ranging from $200 to $1,000, which may not be enough for those who need larger loans.
- Only available in certain states. Arrow Funding Group loans are not available in all states, which may limit access to the company's services for some borrowers.
Products
Arrow Funding Group offers short-term loans ranging from $200 to $1,000. These loans are typically used to cover emergency expenses and are not intended to meet long-term financial needs. The loan application process is done online, and the company reviews the borrower's information in real-time to determine eligibility and ability to repay the loan. Arrow Funding Group verifies applicant information through national databases such as Experian, Equifax, Clarity, and others. The loan repayment period is typically short, with borrowers expected to repay the loan within a few weeks to a few months.
Reliability
Arrow Funding Group is a legitimate lending company owned and licensed by the Big Valley Band of the Pomo Indians. The company follows all relevant federal and state laws and regulations and verifies applicant information through national databases to ensure that borrowers meet their lending criteria and can repay the loan.
As with any lending company, the reliability of Arrow Funding Group ultimately depends on individual experiences and opinions. While the company has positive customer reviews, borrowers should carefully read and understand the terms and conditions of their loan agreement and make sure they are able to repay the loan before accepting the funds. Borrowers should also research and compare different lenders to ensure they are getting the best possible rates and terms.
Funding a Loan
Once a loan application is submitted to Arrow Funding Group, the company will typically contact the borrower within one business day to finalize loan documents or to request any additional information necessary to evaluate the application. It is important for borrowers to be available via phone and email to facilitate the loan processing.
If a loan application is fully verified and approved by 5pm Eastern Time, Arrow Funding Group typically funds the loan on the next business day, excluding bank holidays. Some loans may even be eligible for same-day funding. However, loans are not processed on weekends and bank holidays.
Overall, Arrow Funding Group aims to process and fund loans as quickly as possible, but the exact time frame may vary depending on the specifics of each loan application.
Loan conditions
Arrow Funding Group offers short-term loans ranging from $200 to $1,000, with the specific loan amount determined based on the borrower's financial situation and ability to repay the loan. The APR of each loan can vary depending on factors such as the loan amount and the borrower's pay frequency. The actual terms, rates, APRs, or fees associated with the loan will be fully disclosed in detail in the proposed loan agreement. For example, the APR can range between 36% and 690%.
Loans can be repaid at any time without penalty, and borrowers are encouraged to contact the customer service department if they wish to repay their loan early. The repayment period for Arrow Funding Group loans is typically short, with borrowers expected to repay the loan within a few weeks to a few months.
Overall, borrowers should carefully read and understand the terms and conditions of their loan agreement, including the APR and repayment terms, before accepting the loan.
Additional Services
Arrow Funding Group specializes in short-term lending and does not offer additional financial services beyond these loans. However, borrowers may find that the company provides helpful resources and information on its website. Additionally, borrowers can contact Arrow Funding Group's customer service department for any questions or concerns related to their loan.
Arrow Funding Group vs Cash Central
Arrow Funding Group and Cash Central are both online lenders that offer short-term loans to consumers, but there are some differences between the two companies.
- Arrow Funding Group offers short-term loans ranging from $200 to $1,000, while Cash Central offers payday loans ranging from $100 to $255. Additionally, Cash Central's loan terms are typically shorter, ranging from 12 to 31 days, while Arrow Funding Group's loans have longer repayment terms of up to 180 days. The specific loan amount and repayment term that you may qualify for will depend on several factors, including your income, credit history, and ability to repay the loan.
- The interest rates and fees charged by each company may also differ, and borrowers should carefully review the terms and conditions of their loan agreement before accepting the loan. The APR for Arrow Funding Group loans can range between 36% and 690%, while Cash Central's APRs can range from 214% to over 1,300%.
- Arrow Funding Group typically funds loans within one business day, while Cash Central offers same-day funding for eligible loans. However, borrowers should keep in mind that short-term loans often come with high interest rates and fees, which can make them a costly borrowing option.
Arrow Funding Group vs Money Tree
Arrow Funding Group and Money Tree are both online lenders that offer short-term loans to consumers, but there are some differences between the two companies.
- Arrow Funding Group offers short-term loans ranging from $200 to $1,000, while Money Tree offers payday loans ranging from $100 to $255.
- The interest rates and fees charged by each company may also differ, and borrowers should carefully review the terms and conditions of their loan agreement before accepting the loan. The APR for Arrow Funding Group loans can range between 36% and 690%, while Money Tree's APRs can range from 214% to over 500%.
- Arrow Funding Group typically funds loans within one business day, while Money Tree offers same-day funding.
Arrow Funding Group vs Net Pay Advance
Arrow Funding Group and Net Pay Advance are both online lenders that offer short-term loans to consumers, but there are some differences between the two companies.
- Arrow Funding Group offers short-term loans ranging from $200 to $1,000, while Net Pay Advance offers loans ranging from $50 to $255.
- The interest rates and fees charged by each company may also differ, and borrowers should carefully review the terms and conditions of their loan agreement before accepting the loan. The APR for Arrow Funding Group loans can range between 36% and 690%, while Net Pay Advance's APRs can range from 167.26% to 482.35%.
- Arrow Funding Group typically funds loans within one business day, while Net Pay Advance offers same-day funding for eligible loans.
Arrow Funding Group vs Pheabs
Arrow Funding Group and Pheabs are both online lenders that offer short-term loans to consumers, but there are some differences between the two companies.
- Arrow Funding Group offers short-term loans ranging from $200 to $1,000, while Pheabs offers loans ranging from $300 to $35,000. Pheabs offers a broader range of loan amounts, which may be useful for borrowers who need to borrow a larger amount of money.
- The APR for Arrow Funding Group loans can range between 36% and 690%, while Pheabs APRs can range from 5.99% to 35.99%.
- Arrow Funding Group typically funds loans within one business day, while Pheabs offers funding within 24 hours (or next business day). However, the exact time frame for funding may vary depending on the specifics of each loan application.
