How the Online Installment Loan Process Works
Approval
Once your loan verification documents are received, approval takes minutes.
Receive Your Funds
If approved, options include: Cash in-branch, instant funding to your debit card account or ACH bank deposit.
Installment Loans are available from $50 to $5,0001
You can borrow any amount up to your loan limit. Your initial loan limit is established based on:
- Your income
- The information you provide on your loan application
- The information in your consumer report provided by a consumer reporting agency
- Information about your lending activity contained in a state-maintained database
Your loan limit may change based on the loan product applied for, your credit history with Moneytree or a change in any of the above.
1Subject to qualifications and limitations.
Loans Range from $50 - $5,0001
The amount of payments will vary based on the loan amount, the number of payments and the length of the loan. Using a $500 loan with biweekly payments as an example:
3 Month Loan Term
A $500 loan would cost $771.04 which includes finance charges of $271.04 and is based upon you agreeing to make 5 payments of $128.51 due every two weeks and one final payment of $128.49 with an APR (Annual Percentage Rate) of 363.48%.*
1Subject to qualifications and limitations.
* The Annual Percentage Rate ("APR") is the cost of your loan expressed as a yearly rate. The actual APR for your loan may be higher or lower than this example, depending on the actual amount you borrow and your actual repayment schedule.
Customer Notice: Deferred Deposit Loans, High-Interest Loans and Title Loans should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.
Moneytree Nevada Consumer Loan Comparison Chart
| PAYDAY LOAN | SIGNATURE LOAN | TITLE LOAN1 | INSTALLMENT LOAN | |
|---|---|---|---|---|
| Loan Amount | $1 - $5,000 | $1 - $1,000 | up to $25,000 ** | $50 - $5,000 |
| Cost | $16.50 per $100 | $22 per $100 | Daily Simple Interest 0.555% | Daily Simple Interest 1% |
| Terms Available | Next payday | Next payday | 6 months | 3 months |
| No. of Payments | 1 | 1 | 1 per payday | 1 per payday |
| Renewal or Refinance Option? | Yes | Yes | No | No |
1 Title Loans are currently available in participating Nevada Branches.
*The Annual Percentage Rate (“APR”) is the cost of your loan expressed as a yearly rate. The actual APR for your loan may be higher or lower, depending on the actual amount you borrow and your actual repayment schedule.
** Your loan limit is based on the combination of the value of your vehicle, the information from the loan application and your gross monthly income.
- ID and social security number (or alien registration number or ITIN)
- Physical address & contact phone number
- Documents to verify the source and amount of your income and to verify your ability to repay
- Open checking account information (payday loan & installment loan)
Secure
Moneytree is a direct lender and never sells your information.
Licensed
We're licensed by the Nevada Financial Institutions Division.
Fast
Our Team will let you know in minutes how much you qualify to borrow.
Service
Our Mission is to exceed your expectations. Visit a Branch today and learn more from one of our knowledgeable and friendly Tellers!
Questions about online installment loans? Call our Customer Service Team at 1-800-745-1011.
