About Lender
Plain Green is an online lender that gives you fast and easy access to emergency cash. They are transparent, no hidden fees and same day funding on loans approved and funded by 11:30 am ET on business days. Plain Green offers personal installment loans for short term needs, so you have a solution for emergencies like car repairs, medical bills or unexpected expenses without the surprise costs.
Unlike payday loans that require full payment by the next payday, Plain Green’s installment loans have flexible repayment terms so you can pay over time. The application process is quick and confidential, no collateral required and fixed payment schedules so you know what to expect. Same day funding available for early approvals, so Plain Green is a good option if you need cash fast.
Key Features
-
Fast Application. Fill out a quick, easy and confidential online application and get an answer in seconds. Review your loan offer immediately.
-
Same Day Funding. If approved and funded by 11:30am ET on a business day, funds will be deposited into your checking account the same day.
-
Fixed Payments with No Fees. Repayment terms are clear and simple, fixed payments and no hidden fees.
-
No Prepay Penalty. Pay off your loan early with no prepay penalty.
-
Customer Support. Loan management and customer support resources to help with any questions or issues during the loan process.
Pros and Cons
Pros
Convenience. Online application process is quick and easy for borrowers who need cash fast.
Flexibility. Repayment terms are flexible to help borrowers manage their payments and not default on their loans.
Quick Funding. If approved, funds will be deposited into your bank account the next business day.
Cons
Not Available in All States. Plain Green Loans is not available in all states so it’s not accessible to borrowers in some areas.
Predatory Lending. Some Plain Green Loans reviews say the high interest rates and fees are predatory lending practices that can trap borrowers in debt.
Reliability
Security and Privacy. Plain Green says their online process is secure and applicant information is private, two key elements of reliability in financial services.
Tribal Lending Entity. As a tribal lending entity wholly owned by the Chippewa Cree Tribe of the Rocky Boy’s Indian Reservation, Montana, Plain Green operates under the sovereignty of the Tribe which may offer some protections and operate under specific regulatory frameworks.
Trustpilot Rating. 4.8 rating on Trustpilot.
How to Apply for a Plain Green Loans Loan?
-
Visit Website: Start by navigating to the Plain Green Loans website. Click on the "Apply Now" button to begin the application process.
-
Enter Loan Amount. Select the desired loan amount you wish to apply for. First-time borrowers can choose amounts between $300 and $800, while returning customers may be eligible for higher amounts up to $5,000.
-
Fill Out the Application. Provide all the required information on the application form. This includes your personal information such as first and last name, email, and date of birth.
-
Bank Account Information. Ensure you have an active bank account, as this is necessary for receiving your funds upon loan approval.
-
Submit Application. After filling out all the necessary fields and reviewing the terms, submit your application for processing.
-
Wait for Approval. Plain Green will review your application and you will receive an answer in seconds. If additional information is needed, a customer service representative may contact you.
-
Loan Funding. If your loan is approved and accepted by 9:30 a.m. Mountain Time (Monday–Friday, excluding bank holidays), your loan will be funded the same day. Otherwise, it will be funded the next business day.
-
Receive Funds. Once approved, the loan amount will be deposited directly into your bank account, allowing you to access the funds as needed.
Conditions and Requirements
Conditions
Loan Amount. First time customers can borrow up to $1,000, returning VIP Rewards members can borrow up to $4,500.
Loan Term. Repayment terms are 6 to 24 months depending on loan amount and other factors.
Interest Rate. 699% interest rate for Plain Green Loans which can be very costly.
Requirements
Minimum Age. 18 years old or older.
Employment Or Income. Must have a job or proven income.
Email Address. Active email address for communication and account setup.
Checking Account. Active and valid checking account for loan disbursement and payments.
Residency. Must reside in a state where Plain Green Loans is available.
Ways to Receive the Money
Once your loan application is submitted and approved, you will need to provide financial information and your bank account information to facilitate the funds transfer. Depending on the bank’s policies and processing times, it can take a few hours to a full business day for the funds to show up in your account. Plain Green Personal Loan claims to have expedited loan funding, usually within one business day of approval. Specifically, if your loan is approved by 11:30 am ET Monday through Friday, you can expect the money to be in your checking account the same day. However, the funding time for a payday loan can vary based on your bank and the time of day your loan is approved.
Products
Plain Green offers personal installment short term loans to help customers with their immediate financial needs. These loans are for expenses such as car repairs, broken appliances, medical bills, unexpected bills, moving costs, family emergencies. The application is online only, a simple, secure and private way to apply for a loan. Borrowers repay their loans over time depending on loan amount. Loans have fixed payments and no hidden fees, transparent. Customers can pay off their loans early with no prepayment penalties.
Other Personal Loans
Reasons for Loan Refusal
Plain Green Loans has specific requirements and considerations in their loan approval process which can lead to denial if not met. Applicants must be at least 18 years old (19 in some states) and have a job or proven income, active and valid checking account, email address and reside in a state where Plain Green is available. The company reviews applications based on verification of prior loan history with Plain Green and information provided in the application. In some cases additional information may be requested. Loan approvals are subject to company’s evaluation criteria and errors in application details especially bank routing and account numbers can delay or prevent funding of loans. Plain Green’s policy is to only finance one loan at a time so if you have an outstanding loan with them you may be denied.
How to Repay a Plain Green Loans Loan?
To pay back a Plain Green Personal Loans, customers can use the ACH (Automated Clearing House) method to have the loan funds deposited into their checking account. Loans approved and all documents signed by 11:30 am ET (Monday–Friday, excluding bank holidays) are funded the same day. Loans approved and signed after 11:30 am ET (Monday–Friday, excluding bank holidays) and before 6:00 pm ET (Monday–Friday) will be funded the next business day. Now, returning VIP Rewards customers can also fund directly to their debit card and get funds in 30 minutes, 7 days a week.
Loans like Plain Green Loans
OppLoans
OppLoans is a notable financial service provider that offers consumer loans varying from $500 to $4,000. They expedite the funding process to ensure that approved applicants receive the necessary funds promptly, which is advantageous for those dealing with immediate financial concerns. OppLoans offers adaptable repayment conditions, giving customers the choice between 9, 12, and 18-month loan terms. This adaptability allows borrowers to opt for a repayment plan that matches their financial ability, ensuring a seamless and manageable loan journey.
Rise Credit
RISE Credit is a reliable online lender that provides loans up to $5,000. They have a streamlined application procedure, allowing borrowers to have funds transferred to their accounts as early as the next business day. They present the flexibility of choosing a payment schedule that fits with the financial preferences of the customers, although some state-based restrictions might apply. A notable feature of RISE Credit is its 5-Day Risk-Free Guarantee, which permits borrowers to revoke their loan and return the principal with zero fees or interest within the given period. Additionally, RISE Credit grants customers complimentary access to their credit score and credit monitoring alerts through Credit Score Plus, offering valuable financial insight.
OneMain Financial
OneMain Financial stands as a distinguished and enduring lender, offering personal loans that range between $1,500 to $20,000. Boasting a century’s worth of experience in the financial sector, they have garnered the trust of a vast customer base. Their loan terms include fixed rates and fixed payments, offering a predictable and manageable repayment scenario to borrowers. OneMain Financial emphasizes personalized service, ensuring that the distinct needs of each customer are addressed. With a widespread network of approximately 1,400 branches, they provide easy access and convenience for individuals in search of financial aid.
Universal Credit
Universal Credit requires applicants to have a minimum credit score of 560, thus excluding those with no credit history. It is appealing for its credit-enhancement features, making it suitable for individuals with fair or poor credit looking to better their scores. Providing larger loan amounts than Oportun and next-day funding upon approval, it emerges as a solid choice for significant, urgent financial needs. Universal Credit extends its loan services across all 50 states and Washington, D.C., offering a wide geographical coverage.
Editorial Opinion
Important
How to Choose a Lender
-
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.
Additional Resources
- Full Plain Green Account Review
- How to Apply for a Plain Green Loans Loan
- How to Repay a Plain Green Loans Loan
- Plain Green Customer Reviews
- All Plain Green Coupons and Promo for December 2024
- Plain Green Loans of December 2024
