About Lender
The company is popular among people who want to apply for quick online installment loans to make payments like debt repayment, credit card bills, utility bills, small purchases, medical bills, tuition fees, etc. Northcash offers payday and installment personal loans without checking the applicant’s credit capacity. The payday and personal loans range from $100 to $5,000 at a low-interest rate. The company also allows borrowers to make early repayments without extra charges saving them a lot in interest.
Northcash offers easy-to-apply online loans suitable for anyone looking for a short-term quick loan without optimum creditworthiness. Any customer applying for a loan at Northcash can access multiple lenders. Once the application is complete, their entered information is processed and sent to several lenders, which increases the overall chances of acceptance.
Key Features
Northcash is an online lending aggregator which is headquartered in Montana. The platform allows customers to apply for tribal loans, including payday loans and customized personal loans, through its various lending partners. It was started to provide people with easy and fast small loans, which can be utilized in several ways.
- Loan Types. Northcash offers payday and personal loans ranging from $100 to $5,000 at competitive interest rates. They also do not charge prepayment penalties, which allows borrowers to save on interest by paying off their loans early. Northcash follows the best practices of the Online Lender's Alliance to ensure that borrowers are informed.
- Fast and Easy Application Process. Northcash allows borrowers to apply for loans online in just a few minutes. They claim to help over 1,000 people per day access the personal loans they need. The online application process is quick, and borrowers can receive real-time decision-making from lenders.
- Reliable Loan Network. Northcash connects borrowers with lenders based on their application details and different lenders' criteria. The platform presents the borrower's information to a large number of lenders to increase the chances of getting a good deal.
- Customer Service Department. Northcash has a dedicated customer service department that is available to assist borrowers with any questions or concerns they may have, for example, loan payments, accounts, and much more. The customer service team can be reached via phone or email, and they are committed to providing prompt and professional service to all customers.
Pros and Cons
Pros
- Northcash provides personal loans and payday loans to any customer, even if they have a bad credit history.
- The company offers short-term loans with a tenure of only 14 days.
- There is no extra penalty for early repayments.
Cons
- The loans can be very expensive, with an interest rate that can go up to 720% APR.
- It is not fit for long-term financial demands as the loan tenure is less.
Products
Northcash offers short-term installment loans amounting from $100 to $5,000 at insight competitive interest rates. However, since Northcash doesn’t charge a prepayment penalty, you can save on interest by paying off your loan early. Northcash does its best to keep borrowers informed. Northcash follows a list of best practices of OLA (Online Lender’s Alliance) Northcash can help you to get the funding you need right away. With just a few minutes of your time, you may be able to find lenders that offer up to $5,000. Complete an application. If you qualify for a loan, review the terms and conditions of your specific loan offer and receive your funds in as little as one business day.
Reliability
- BBB A+ rating. Northcash has an A+ rating from the Better Business Bureau (BBB), which indicates its commitment to customer satisfaction. However, it is worth noting that Northcash is not BBB-accredited, which means they have not paid for the BBB's accreditation services or undergone a rigorous accreditation process.
- Poor North Cash reviews. Northcash has a 1.5/5 rating based on customer reviews on the BBB website. Many of the reviews mention issues with high-interest rates, poor customer service, and difficulty with the repayment process.
Additionally, it is worth noting that Northcash operates as a loan matching service, which means they do not directly provide loans. This can make it difficult to assess the reliability of the lenders they match borrowers with.
Loan Conditions
The Northcash personal loan is available to individuals who are salaried, self-employed, or professional personnel in the public or private sectors. The applicant must be a US resident of more than 18 years. Furthermore, it’s also important that the applicant have stable earnings with a minimum income of $1,000 per month after taxes. They should have a valid checking account, state ID or driver’s license, and email address. The company also claims that it will not check the applicant’s credit score. However, having a good credit history is still advisable as it can positively impact the results.
Northcash is a loan matching service that assists borrowers in finding reputable lenders for short-term loans. Although we are not direct lenders, our partners offer a range of loans from $100 to $5,000 to cater to various types of loans. Our service is particularly beneficial for those who have struggled to obtain loans due to their credit score, past bankruptcy, or non-traditional sources of income such as government benefits. Once you have been connected with a lender, you will be required to sign a loan agreement that outlines the terms and conditions of the loan.
The APRs can vary from 404.10% to 521.42%. Before signing, ensure to read your loan agreement carefully.
If the borrower cannot foreclose their payday loan dues, some lenders allow them to avail of re-loan facilities through online loan renewal. In this case, an extra fee is charged to the borrower to postpone their due date.
Funding a Loan
The company offers simple and easy-to-use methods to access funding provided through a network of participating lenders. The applicant can fill out the basic information on their online form, submit it, and wait for a response. If the loan application form is approved, the money will be directly credited into their bank account within 24 hours. The applicants can also track their applications by contacting the company through email or phone.
Other Loans
Spotloan is a lender that provides installment loans, allowing borrowers to pay down the balance gradually with each on-time payment. The loan amounts range from $300 to $1,500, with new and repeat borrowers qualifying for up to $800 and preferred borrowers with 10 or more loans eligible for up to $1,500. Founded in 2012, Spotloan is owned by BlueChip Financial, a tribally-owned entity governed by the Turtle Mountain Band of Chippewa Indians of North Dakota, one of the country's largest federally recognized Indian Tribes. Big Picture Loans is a reputable lending institution and a wholly owned subsidiary of Tribal Economic Development Holdings, LLC. This company operates as an economic arm and instrumentality of the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a federally recognized Indian tribe, primarily benefiting the Tribe while adhering to Tribal law. Offering flexible borrowing options, customers can access loans ranging from $200 to $3,500, with repayment terms spanning from 4 to 18 months. River Valley Loans offers a financial solution for individuals in need of quick funds to address emergency expenses. With the convenience of same-day installment loans, customers can access up to $3,000, making it easier to handle unexpected financial challenges. Their tribal installment loans provide a simple and fast application process, ensuring borrowers can get the necessary funds without unnecessary delays. MaxLend is a financial service provider that stands out for its ability to promptly deliver up to $3,000 directly to your bank account, ensuring you get the funds you need without delay. As a sovereign enterprise, MaxLend operates as an economic development arm and instrumentality of the Mandan, Hidatsa, and Arikara Nation, which is a federally-recognized sovereign American Indian Tribe. Lendumo, operated by Niswi, LLC, dba Lendumo, is a reputable financial service provider that caters to borrowers needing quick and convenient loans. Backed by the Lac du Flambeau Band of Lake Superior Chippewa Indians, Lendumo combines modern financial practices with a commitment to maintaining the cultural heritage of its community. For first-time borrowers, Lendumo extends loan amounts of up to $1,500, providing a helpful solution for unforeseen expenses or emergencies. On the other hand, repeat borrowers can access even larger loan amounts of up to $2,500.Loans like Northcash
Spotloan
Big Picture Loans
River Valley Loans
MaxLend
Lendumo
Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability. Carefully review all the terms and conditions of your payday loan contract. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.Important
How to Choose a Lender
