Lender
Rating by Finanso®
i

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.

3.7
(20 Ratings)

River Valley Loans Review

Advertiser Disclosure

About Lender

River Valley Loans dba Wahido Lending is a small-dollar lending company that provides short-term installment loans to customers in the United States. The company is a tribal lender. It is a subsidiary of the Dakota Economic Development Corporation and is operated by the Crow Creek Sioux Tribe, a federally recognized American Indian tribe in South Dakota.

River Valley Loans offers loans ranging from $100 to $3,000, with repayment terms of six to 36 months. The loans are unsecured, which means that borrowers do not need to provide collateral to secure the loan. The company's loans are designed to be an alternative to payday loans, which often come with high-interest rates and fees.

River Valley Loans cannot lend to residents of Arkansas, Connecticut, the District of Columbia, Illinois, New York, Pennsylvania, South Dakota, Vermont, Virginia, or West Virginia.

To apply for a loan with River Valley Loans, customers can visit the company's website and fill out an online application. The application process typically takes only a few minutes, and borrowers can receive a decision on their loan application quickly. If approved, funds are typically deposited into the borrower's bank account within one business day.

River Valley Loans has a customer service team available to help borrowers with questions or concerns they have. The company also offers an online account management portal where borrowers can view their loan balance, make payments, and update their personal information.

River Valley Loans

Key Features

  1. Loan products and services. River Valley Loans offers installment loans. However, based on the list of states it does not provide loans in, these loans are payday loans. They are prohibited in some states because of high fees and interest rates.
  2. Eligibility criteria. River Valley Loans allows bad credit applicants to borrow loans. You only need to reside in the states where the financial institution provides services. Borrowers with lower credit scores will get higher annual percentage rates.
  3. Speed and convenience. River Valley Loans funds its loans within one business day by request. Otherwise, you will get money the next business day.
  4. Reputation and trustworthiness. River Valley Loans is a tribal lender. It operated according to its tribal legislation. It has 4.7 stars on Trustpilot but is not accredited by any agency.

Pros and Cons

Pros

  • Flexible loan options. River Valley Loans offers installment loans with fixed loan terms. You will make payments of the same amount each month.
  • Easy application process. River Valley Loans has an online application process that is quick and easy, allowing borrowers to apply for loans from their homes.
  • Fast approval and funding. Once a borrower is approved for a loan, River Valley Loans may provide quick funding, allowing borrowers to access the funds they need as soon as possible.
  • Personalized customer service. River Valley Loans may provide personalized customer service, with dedicated account managers who can help borrowers through the loan application and repayment process.

    Cons

    • High interest rates. Depending on the borrower's creditworthiness, River Valley Loans may have relatively high interest rates compared to other loan providers.
    • Fees and charges. River Valley Loans may charge additional fees and charges, such as origination fees, prepayment penalties, or late fees, which can add to the cost of borrowing.
    • Limited availability. River Valley Loans may not be available in all states or regions, which could make it difficult for some borrowers to access their services.

      Products

      River Valley Loans offers personal installment loans for various purposes, like debt consolidation, home improvement, or unexpected expenses. Personal loans typically have fixed interest rates and terms and may not require collateral.

      You can get a loan of $100 to $3,000. The company does not disclose its interest rates. The APR varies based on an applicant's specific loan situation. You can only find details of your payment amounts, dates, rates (APR), and fee information in your loan agreement.

      River Valley Loans does not operate in Arkansas, Connecticut, the District of Columbia, Illinois, New York, Pennsylvania, South Dakota, Vermont, Virginia, or West Virginia. Availability of installment loans is subject to change at the sole discretion of River Valley Loans.

      Reliability

      • Reputation. The company has good reviews on Trustpilot, but it is not accredited by the Better Business Bureau or any other agency. It does not follow federal legislation either. River Valley is a tribal lender.
      • Transparency and disclosure. River Valley is not transparent about its loan products, fees, and terms and provides clear and accurate information to borrowers. You can only get to know the details in the loan documents.
      • Customer service. The company responds quickly and answers the customers' questions comprehensively. The majority of the reviews state they had excellent customer service experience.

      Funding a Loan

      The loan applications verified and approved Monday through Thursday by 6:30 pm CT will be funded the next business day. Loan applications verified and approved on Friday by 6:30 pm CT will be funded the following Monday if it is not a bank holiday.

      Some River Valley loans may be eligible for free same-day funding if approved Monday through Friday by 2:00 pm CT. Deposit times vary depending on your bank. Same-day funding is not available in all states.

      The application procedure includes the following steps:

      1. Application. Borrowers can apply for a loan through the loan provider's website or by contacting their customer service team. The application will typically require personal and financial information, such as income, employment history, credit score, driver license, account number, and loan amount.
      2. Underwriting. The loan provider will evaluate the borrower's application and creditworthiness to determine if they qualify for a loan. This process may involve a credit check, income verification, and other assessments.
      3. Approval. If the borrower is approved for a loan, the loan provider will provide a loan offer with the loan amount, interest rate, and repayment terms. The borrower can review and accept the offer if they agree to the terms.
      4. Funding. Once the borrower has accepted the loan offer, the loan provider will disburse the funds to the borrower. This process may take several days, depending on the loan provider's funding policies.
      5. Repayment. The borrower will repay the loan according to the agreed-upon terms, which may involve monthly payments, interest charges, and fees.

      Other Loans

      Loans like River Valley Loans

      Spotloan

      Apply For a Loan

      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.

      Spotloan

      Big Picture Loans

      Apply For a Loan

      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.

      Big Picture Loans

      River Valley Loans

      Apply For a Loan

      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.

      River Valley Loans

      MaxLend

      Apply For a Loan

      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.

      Maxlend

      Lendumo

      Apply For a Loan

      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.

      Lendumo

      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.

      FAQ

      Does River Valley Loans report to credit bureaus?

      By reporting your loan payment activity to the credit bureaus, River Valley Loans can help you build or improve your credit score if you make timely payments on your loan. However, if you miss payments or default on your loan, this can also have a negative impact on your credit score. Therefore, make sure you can afford to repay the loan before you apply and make all payments on time in order to avoid any negative impact on your credit.

      How to pay River Valley Loans back?

      The quickest way to make your payments is via ACH, an automated electronic transfer from your bank account. The company accepts other payment methods, like debit cards, cashier's checks, or money orders.

      Your loan agreement has a payment schedule detailing amounts and due dates. You are encouraged to pay off your loan earlier. River Valley does not charge early repayment penalties, and it will reduce the overall cost of your loan. If you want to pay your loan off early, call the company at least two business days prior to your next scheduled payment.

      Why should I choose River Valley Loans?

      There are several reasons you might consider choosing River Valley Loans as your lender:

      • Bad credit is OK. River Valley Loans offers loans to borrowers with bad credit or no credit history, which can be a helpful option if you have been turned down for a loan by other lenders.
      • Quick approval. River Valley Loans has a fast and easy online application process, and you may receive a decision on your loan application within minutes.
      • No prepayment penalty. River Valley Loans does not charge any fees for prepaying your loan, which means that you can pay off your loan early, incurring no additional charges.

      Review the terms and fees of any loan before accepting it, and make sure that you can afford to repay the loan on time. If you have questions about the loan process, you should contact River Valley Loans customer service for assistance.

      What laws apply to River Valley Loans?

      As a tribal lender, River Valley Loans is subject to its tribal regulations. It was created and operated under the Crow Creek Sioux Tribe, a federally recognized American Indian tribe in South Dakota. The lender abides by the principles of federal consumer finance laws and is incorporated under the laws of the Crow Creek Sioux Tribe.

      Company documents

      Privacy policy
      Terms & Conditions
      Availability & Rates
      Mobile Communications Terms & Conditions

      River Valley Loans is a tribal lending entity owned by an American Indian Tribe.

      © River Valley Loans
      Offers
      River Valley Loans
      Installment Loan
      Rating by Finanso®
      i

      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.

      3.68
      (20 Ratings)
      Recommended FinScore™
      0
      300
      650
      1000
      $100 - $3,000
      Term
      i

      Loan term for the financial product

      up to 18 months
      Apply
      Similars products
      Finanso
      Personal Loans
      Rating by Finanso®
      i

      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.

      Recommended FinScore™
      0
      300
      650
      1000
      2000.00 – 100000.00 $
      Rate
      i

      Interest rate

      6.34 – 35.89 %
      Term
      i

      Loan term for the financial product

      2 months – 72 months
      Apply
      Rating by Finanso®
      i

      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.

      Recommended FinScore™
      0
      300
      650
      1000
      100.00 – 4000.00 $
      Rating by Finanso®
      i

      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.

      4.25
      (20 Ratings)
      Recommended FinScore™
      0
      300
      650
      1000
      to 1500.00 $
      Rate
      i

      Interest rate

      to 160.00 %
      Your comment has been added
      Error
      Your complaint has been recorded
      Invalid username or password
      comment.alert.error-reg
      Please log in to like/dislike
      Invalid SMS code has been entered
      River Valley Loans reviews 2024
      Leave feedback
      4.2
      Pros
      I took a chance because I was in dire need of money to cover some overdue bills. I am immensely grateful for River Valley loans assistance. The guidance provided regarding the loan terms and rationale was highly beneficial. The customer service experience was outstanding, with regular text updates at every stage of the process. Remarkably, the entire process, from approval to funds in my account, took just a single day. Thank you!
      Complain
      4.2
      Pros
      I recently had a baby and was not working for a while, which led to a negative balance in my account. I decided to request a loan from River Valley Loans to help me get back on track, and I must say, the process was incredibly easy and lightning-fast. I highly recommend their services!
      Complain
      4.8
      Pros
      I had doubts about being approved for a personal loan because my credit wasn't in great shape at the moment. However, to my surprise, I was approved for $900 in less than ten minutes, and the funds were deposited into my bank account the following day! It truly brightened my day.
      Complain
      4.4
      Pros
      Approval was incredibly swift, and the money was deposited into my account on the same day. They have streamlined the process, making it exceptionally user-friendly. I recommend their services.
      Complain
      4.4
      Pros
      This was my first-ever loan experience, and it couldn't have been easier. The entire process was quick and straightforward, conducted entirely online, and I had the funds in my account within 24 hours. The money helped bridge the gap until my next paycheck, which was exactly what I needed. River Valley proved to be reliable when I needed them, and I hope to consider their services again in the future.
      Complain
      4.8
      Pros
      This online platform is a fantastic resource for quickly sending money when it's needed. Moreover, they are understanding when it comes to repayment. A simple phone call, and they take care of the rest. Their customer service is excellent.
      Complain
      4.6
      Pros
      This company was quite easy to deal with. While the loan interest rate was a bit high, it was still more reasonable compared to many others, especially given my less-than-perfect credit score. I received the loan within 24 hours after approval. Thank you!
      Complain
      4.4
      Pros
      The loan application process was incredibly straightforward and hassle-free. I submitted my application on a Sunday, and to my surprise, it got approved on the same day, with the funds deposited into my account the very next day. The repayment terms are manageable and reasonable. I wouldn't hesitate to turn to River Valley Loans again in the future if the need arises.
      Complain
      2.2
      Cons
      This is by far the worst place to obtain a loan. Despite consistently making on-time and early payments, they continued to tack on extra charges to my account, pushing it into the negative when it should have been cleared. I was informed that I needed to wait an additional three days for a review to refinance my loan, even though my account was already in good standing. Waiting these three days would only lead to more fees due to the negative balance. I will never consider using their services again, nor would I recommend them to anyone.
      Complain
      1.8
      Cons
      This company takes advantage of individuals facing difficult circumstances. I strongly recommend exploring alternative borrowing options. There are concerns about the practices of this company, and there may be valid reasons to reconsider their operations.
      Complain
      Company rating
      3.7
      / 5
      20 reviews
      Application
      3.5
      Support service
      3.8
      Mobile App
      3.7
      Service quality
      3.7
      Your satisfaction level
      3.8
      Similar companies
      NaviRefi
      123 S Justison St, Wilmington, DE 19801-5360
      +1 (844) 381-6621
      HESAA
      PO Box 545, Trenton, NJ 08625-0545
      +1 (609) 584-4480
      RISLA
      935 Jefferson Blvd, Suite 3000, Warwick, RI 02886
      +1 (800) 758-7562
      VSAC
      10 East Allen Street, Winooski, VT 05404
      +1 (800) 642-3177
      Funding U
      309 East Paces Ferry Rd. NE Suite 400, Atlanta, GA 30305