Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.9
(20 Ratings)

Plain Green Loans

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About Lender

Plain Green positions itself as a reliable lending company, emphasizing its commitment to providing emergency cash with a straightforward and secure process like many other online lenders. They highlight the quick and easy access to loans, promising no hidden fees and the possibility of same-day funding if the loan is approved and accepted by 11:30 a.m. Eastern Time on business days. This commitment to transparency and speed in loan processing is part of their appeal to customers looking for prompt financial solutions without the worry of unforeseen costs.

The company offers personal installment loans designed to meet various emergency borrowing needs. Plain Green's loan offerings range from $300 to $800 for first-time borrowers and up to $5,000 for returning customers. These loans are intended to cover expenses such as car repairs, broken appliances, medical care, unexpected bills, moving costs, and family emergencies. Unlike payday loans that require repayment by the next payday, Plain Green provides a more flexible repayment structure, allowing customers to repay their loans over time, with terms ranging from 10 to 26 months depending on the loan amount.

To qualify for a loan with Plain Green, applicants must complete a quick and confidential online form, after which they will receive an immediate response and loan offer for review. The company stipulates no collateral requirement, offering fixed payment schedules with no hidden fees and no prepayment penalty. For loans approved and accepted early in the day, funding can be provided the same day, showcasing Plain Green's efficient processing. It's important for applicants to note that the maximum loan amount for initial loans is $800, and the company conducts verification through national databases, potentially impacting one's eligibility and ability to repay based on credit history.

Key Features

  1. Quick and Easy Application Process. Applicants can fill out a quick, easy, and confidential online form to apply for a loan. Applicants get an answer in seconds and can review their loan offer promptly.

  2. Same-Day Funding. If a loan process is approved and accepted by 11:30 a.m. Eastern Time on a business day, the funds can be deposited into the applicant's checking account the same day.

  3. Flexible Loan Amounts. Offers loans ranging from $300 to $800 for first-time borrowers and up to $5,000 for returning customers.

  4. No Collateral Required. Loans are unsecured, meaning applicants don't need to provide collateral to qualify.

  5. Flexible Repayment Schedules. Customers can repay their loans over time with terms from 10 to 26 months depending on the loan amount.

  6. Fixed Payments with No Hidden Fees. The repayment plan is clear and straightforward, with fixed payments and no hidden fees.

  7. No Prepayment Penalty. Customers can pay off their loan early without facing any prepayment penalties.

  8. VIP Rewards Program. Returning customers with a good payment history can earn lower rates on future loans through the Plain Green VIP Rewards program.

  9. Operational Transparency. Plain Green is a tribal lending entity wholly owned by the Chippewa Cree Tribe, operating within the Tribe's Reservation and adhering to its regulations.

  10. Customer Support. Provides resources for loan management and customer service support to assist with any inquiries or issues during the loan process.

Pros and Cons

Pros

Convenience. Plain Green Loans offers an online application process that is quick and easy, which can be convenient for borrowers who need cash quickly.

Flexibility. The company offers flexible repayment terms, with loan terms ranging from 10 to 26 months. This can help borrowers to manage their payments and avoid defaulting on their loans.

Quick Funding. If a loan application is approved, the funds can be deposited into the borrower's bank account as soon as the next business day.

Cons

Sky-High Interest Rates. One of the main drawbacks of Plain Green Loans is their high interest rates. The APR (annual percentage rate) on a Plain Green Loan can be as high as 699%, which can make it difficult for borrowers to repay their loans on time.

Limited Loan Amounts. Plain Green Loans offers loans ranging from $300 to $5,000, which may not be enough for borrowers with larger financial needs.

Not Available in All States. Plain Green Loans is not available in all states, which limits its accessibility to borrowers in certain areas.

Predatory Lending. Some critics Plain Green Loans reviews that the high interest rates and fees charged by Plain Green Loans are indicative of predatory lending practices, which can trap borrowers in a cycle of debt.

Reliability

  1. Transparent Loan Terms. The company provides clear disclosures of Annual Percentage Rate (APR), fees, and payment terms in the Loan Agreement, ensuring transparency with borrowers.

  2. Customer Verification. Plain Green verifies applicant information through national databases such as Clarity, Experian, TransUnion, FactorTrust, DataX, and Equifax, which speaks to their diligence in assessing loan eligibility and borrower's ability to repay.

  3. No Hidden Fees. The company asserts that there are no hidden fees, with all charges fully disclosed in the Loan Agreement, enhancing trust and reliability in their fee structure.

  4. Flexible Repayment Options. Offering flexible monthly payments schedules allows borrowers to manage their loans over time, contrasting with the rigid repayment demands of payday loans.

  5. No Prepayment Penalty. Borrowers have the option to pay off their loan early without facing any prepayment penalties, providing flexibility and reliability in managing their finances.

  6. Security and Privacy. Plain Green emphasizes the security of their online process and the privacy of applicant information, crucial factors for reliability in financial services.

  7. 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 within the sovereignty of the Tribe, which may offer certain protections and operate under specific regulatory frameworks.

  8. Customer Service Support. Offering dedicated support for loan management and inquiries, Plain Green shows a commitment to customer satisfaction and reliability in addressing borrower needs.

How to Apply for a Plain Green Loan?

Apply for a Loan

  1. Visit Website: Start by navigating to the Plain Green Loans website. Click on the "Apply Now" button to begin the application process.

  2. 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.

  3. 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.

  4. Bank Account Information. Ensure you have an active bank account, as this is necessary for receiving your funds upon loan approval.

  5. Submit Application. After filling out all the necessary fields and reviewing the terms, submit your application for processing.

  6. 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.

  7. 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.

  8. 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

  1. Loan Availability. Loans are available from $300 to $800 for first-time borrowers and up to $5,000 for returning customers.

  2. Interest Rates. In the company, the interest rate depends on the amount, term, and creditworthiness of the borrower. The maximum APR is 699%.

  3. Same-Day Funding. If the loan is approved and accepted by 11:30 a.m. Eastern Time on a business day, the funds can be deposited into the borrower's checking account the same day.

  4. Repayment Term. Loans are repaid over time, with terms ranging from 10 to 26 months depending on the loan amount.

  5. No Collateral Required. Borrowers do not need to provide collateral to secure a loan.

  6. Fixed Payments. The loan has fixed payments with no hidden fees.

  7. No Prepayment Penalty. Borrowers can pay off their loan early without facing any prepayment penalties.

Requirements

  1. Age Requirement. Potential borrowers must be at least 18 years old (19 years old required in AL, NE, VA).

  2. Income Verification. Applicants must demonstrate employment or have a proven source of income.

  3. Email Address. A valid email address is necessary for communication and correspondence.

  4. Checking Account. Applicants must possess an active and valid checking account.

  5. Residency. Applicants must reside in a state where Plain Green conducts business.

  6. Verification Process. Plain Green verifies applicant information through national databases and credit bureaus, including Clarity, Experian, TransUnion, FactorTrust, DataX, and Equifax. The company may pull credit to determine eligibility and ability to repay.

Ways to Receive the Money

Once a loan application is submitted and approved, you will need to provide financial information and your bank account details to facilitate the funds' transfer. Depending on the bank's policies and processing times, it may take anywhere from a few hours to a full business day for the funds to reflect in the borrower's account. Plain Green Personal Loan boasts of expedited loan funding, typically within one business day of approval. Particularly, if your loan gets approved by 11:30 am ET Monday through Friday, you can expect the money to be deposited into your checking account the same day. Nevertheless, the precise timeframe for funding a payday loan can fluctuate based on several factors, including the borrower's bank and the time of day the loan application is sanctioned.

Products

Plain Green provides personal installment short-term loans intended to help customers manage their urgent financial needs. These loans are designed to cover expenses such as car repairs, broken appliances, medical care, unexpected bills, moving costs, and family emergencies. The application process is entirely online, offering a simple, secure, and confidential way to apply for a loan. Loans are available from $300 to $800 for first-time borrowers, with the possibility of up to $5,000 for returning customers. Borrowers repay their loans over time, with terms ranging from 10 to 26 months, depending on the loan amount. The loans come with fixed payments and no hidden fees, ensuring transparency. Customers can pay off their loans early without incurring any prepayment penalties.

Other Personal Loans

Reasons for Loan Refusal

Check Credit Score

Plain Green Loans outlines specific requirements and considerations in their loan approval process, which can lead to refusal if not met. Applicants must be at least 18 years old (or 19 in certain states) and possess a job or proven source of income, an active and valid checking account, and an email address, while also residing in a state where Plain Green operates. The company evaluates applications based on verification of prior loan history with Plain Green and the information provided in the application. In some cases, additional information may be requested. Loan approvals are subject to the company's evaluation criteria, and errors in application details, especially with bank routing and account numbers, can delay or impact the ability to fund loans. Additionally, Plain Green’s policy allows customers to finance only one loan at a time, which could also be a reason for refusal if an applicant already has an outstanding loan with them.

How to Repay a Plain Green Loan?

Repay

To repay a Plain Green Personal Loans, customers can utilize the convenient ACH (Automated Clearing House) method, allowing for direct transfer of loan funds into their checking account. Loans approved and all documents signed by 11:30 a.m. Eastern Time (Monday–Friday, excluding bank holidays) are typically funded on the same day. For loans approved and accepted after 11:30 a.m. Eastern Time (Monday–Friday, excluding bank holidays) and before 6:00 p.m. Eastern Time (Monday–Friday), funds will be deposited the following business day. Moreover, returning VIP Rewards customers now have the added option to fund directly to their debit card, enabling receipt of funds within 30 minutes, any day of the week.

Loans like Plain Green Loans

OppLoans

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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.

Opploans

Rise Credit

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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.

Rise Credit

OneMain Financial

Apply for a Loan

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.

OneMain Financial

Universal Credit

Apply for a Loan

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.

Universal Credit

Editorial Opinion

Plain Green Loans emerges as a convenient solution for individuals in need of quick financial assistance, particularly for covering unexpected expenses or bridging short-term financial gaps. Their emphasis on a straightforward, transparent application process, coupled with the ability to provide same-day funding under certain conditions, positions them as a viable option for those facing immediate financial emergencies. The flexibility in loan amounts and repayment terms caters to a range of borrowing needs, from minor emergencies to more substantial financial obligations. However, as with any financial institutions, the importance of understanding the terms, particularly in relation to interest rates and repayment schedules, cannot be overstated. Nonetheless, potential borrowers should approach with caution, considering all financial implications and exploring alternatives, as the cost of convenience can be high in the world of short-term lending.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. 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.

  2. 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.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. 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.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

Methodology

At Finanso, we've carried out a comprehensive analysis of over 100 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional Resources

Sources

FAQ

What kind of loan is Plain Green?

Plain Green is an online lender providing unsecured loans ranging from $300 to $5,000. These are short-term installment loans since they are paid off in monthly payments.

Is it easy to get a loan from plain green loans?

Applying for a loan with Plain Green is quick and straightforward. The application takes only several minutes to complete, and you'll receive an approval or rejection within seconds.

Is plain green a tribal lender?

Plain Green is a Chippewa Cree Tribal lender operating on the Rocky Boy's Indian Reservation in Montana. It is a sovereign nation within the United States of America. The laws of the Chippewa Cree, not your home state, control Plain Green personal loans.

Company documents

Privacy Policy

Quality, Stability and Integrity in Emergency Cash Lending.

© Plain Green Loans
Financial products
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.88
(20 Ratings)
Recommended FinScore™
0
300
650
1000
200.00 – 1000.00 $
Rate
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Effective interest rate on the product

to 699.00 %
Term
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Loan term for the financial product

6 months – 2 years
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Loan term for the financial product

5 days – 3 months
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Personal Loans
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Recommended FinScore™
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2000.00 – 100000.00 $
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Effective interest rate on the product

6.34 – 35.89 %
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Loan term for the financial product

2 months – 72 months
Rating by Finanso®
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4.25
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$500-$4,000
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Effective interest rate on the product

up to 160%
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Loan term for the financial product

9-18 months
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All Plain Green Loans’s reviews by april 2024
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2
Disadvantages
The interest rate is shockingly high, and it feels like taking advantage of individuals facing financial challenges when unexpected expenses arise. Sadly, in situations where alternatives are limited, their service becomes the only option. I felt compelled to use their service because there was no other choice available to me.
Complain
4.2
Advantages
This is my third loan with them, and they consistently come through when I need them the most. Thank you, Plain Green.
Complain
4.8
Advantages
My experience with this company was incredibly simple; it took me just about ten minutes before I received approval.
Complain
4.2
Advantages
I completed an application, and I received approval in under 30 minutes. I appreciate Plain Green for their quick service. I would gladly recommend them.
Complain
4.2
Advantages
Their customer service representatives consistently provide exceptional and highly helpful assistance.
Complain
4.4
Advantages
The application process was straightforward, and I received my application status very promptly.
Complain
4.6
Advantages
From start to finish, the entire process was exceptionally swift and uncomplicated!
Complain
4.4
Advantages
I'm astounded by the speed at which my funds were deposited. Thank you, Plain Green Loans!
Complain
4.6
Advantages
The process was fast and simple. When other lenders turned me down, Plain Green Loans gave me a chance. I'm extremely satisfied with this lender!
Complain
4.2
Advantages
I've taken out loans from them on multiple occasions, and I've never encountered any problems. Admittedly, the interest rate is exceptionally high, as is the case with many payday loans. However, I've found that borrowing only the amount I truly need and making an effort to repay it within one or two paydays helps keep the overall cost manageable. In my experience, this is the most effective approach.
Complain
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Overall company rating
3.9
/ 5
20 reviews
Execution of an application
3.9
Support service
3.9
Mobile app
3.9
Service quality
4.0
Your satisfaction level
3.8
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