Great Plains Lending Reviews

Is Great Plains Lending a reputable lender for consumers needing bad credit loans?

great plains lending reviews

Urgent Notice: Don’t Apply for Great Plains Lending Until You Read This Review

You’ve likely heard of Great Plains Lending, a tribal lender that offers consumers quick short term loans and installment loans for bad credit.

The question is:  are they a reputable lender that legitimately helps consumers in need? Or are they an online loan shark that preys on people’s misfortune?

Our Review of Great Plains Lending

Brian Allen

great plains lending reviews
Loan Amount
Funding Time
Customer Support
Cost of Loan
Application Process


Great Plains Lending offers installment loans to consumers with bad credit.  Compared to other tribal lenders, their interest rates are actually fairly reasonable. 

You can expect to pay interest rates between 118.66% 448.76% APR. 

While still considerably high, they offer rates much lower than other tribal loan providers.  You can borrow as little as $100 up to a maximum of $3,000.  Note: 

We never recommend borrowing as much as $3,000 for a short term installment loan.  You should only borrow what you need and pay back as quickly as possible.


– Provides tribal installment loans with reasonable interest rates of 118.66% 448.76% APR, which is lower than your average tribal lender

– Application process is simple and fast

– Typically funds borrowers bank account within 24 business hours

– Good option for bad credit borrowers that can’t obtain traditional financing


– Although the APR is reasonable compared to other tribal lenders, it’s still an expensive form of financing

– Not a good option for people with average to excellent credit


This Great Plains Lending review will answer the following questions:

  • Is Great Plains Lending legit or a scam?
  • What is the minimum and maximum loan amount?
  • What is the average APR?
  • What are the payment terms?

Let’s explore Great Plains Lending in more detail:

What is Great Plains Lending and How Does it Work?

how does great plains lending work

When you access the website, you’ll see that the information is presented very clearly.  The website makes it easy to find what you’re looking for.  Founded in 2011, Great Plains Lending was one of the first tribal lenders to launch installment loan programs in a tribal nation within the U.S.

Their mission: provide easy installment loans for people with bad credit, who need to pay emergency expenses.

Great Plains Lending does not offer payday loans. Instead, they offer installment loans that can be repaid over time.   

That said, the lender has been involved in a range of litigation over the years, involving high interest rate fees.   We’ll get into more detail here shortly.

How Much Will Great Plains Lending Charge Me?

cost of great plains lending

APR stands for annual percentage rate and is a fee charged by a lender when you borrow money. The higher the APR, the more you will pay for the loan.  The APR on installment loans range from 118.APR to 448.76%. Compared to the industry average of tribal lenders, this range is not too horrible (although still very high).

How is APR calculated? With Great Plains Lending, your APR is calculated by analyzing a few key factors. 

  • Employment history
  • Credit score
  • Whether you rent or own your home
  • Your risk factor

Your credit score will only be used to assess your risk factor, not eligibility for the loan itself.  No matter what your credit score might be, you’ll still likely be approved but have to pay the max APR.

To receive the lowest APR, check your credit history for potential errors before you apply for a loan. This will maximize your chances of fair loan terms with the lowest rates.

If you notice mistakes, you should correct credit report errors and then apply for financing. This simple tip will save you a lot of money in the long run.

There is a common complaint among borrowers:  the APR is excessively high.  That said, consumers should take into consideration that bad credit lenders are taking on massive risk.  This is why lenders offering bad credit loans charge such high interest rates.  The problem, in our opinion, is consumers are not educated.  That’s not to say it’s consumers faults.  Lenders should be more transparent and also educate consumers in the very beginning.

How Much Can I Borrow From Great Plains Lending?

how much can i borrow from great plains lending

Great Plains Lending cannot help you with large, long-term financing needs.  Their platform supports individuals that need short-term, small emergency loans only.  Do not apply for a loan with the intent of financing a home, using it for a bad credit car loan or paying for education needs.  Also, it is very important that you only use this loan for very short term financing needs such as:

  • Help paying rent
  • Help with small medical bills
  • Help with an auto repair bill
  • Help with groceries
  • And other small bills under $500

That said, here’s the minimum and maximum loan amounts of Great Plains Lending:

Minimum Loan Amount: $100

Maximum Loan Amount: $3,000.

The key to having the best loan experience is this:

  • Try not to borrow more than you need
  • Keep the loan amount small
  • Fully understand the loan terms and conditions
  • Pay the loan back as soon as you can

What Are the Loan Terms of Great Plains Lending?

great plains loans terms

Does Great Plains Lending charge an origination fee or other upfront costs?  Good news: they don’t charge any upfront fees.  They may, however, charge an origination fee.  An origination fee is what lenders charge to cover things like the underwriting, the processing and the funding of loans.

Origination fees range from 0.5 percent to 5 percent of the total loan amount. While it’s best to choose a lender that doesn’t charge this fee, it can be rare to find one.

Does Great Plains Lending charge any other additional fees, aside from interest? The only additional fee we are aware of are late fees.  This is completely normal, as most lenders charge a late fee if you don’t pay the loan on time.

Does Great Plains Lending charge pre-payment fees?  Prepayment fees are when borrowers want to pay the loan off early or apply more payment to their loan total to pay the loan off faster.  Lenders that charge pre-payment fees penalize borrowers for doing this.  The good news is Great Plains Lending doesn’t charge pre-payment fees.

How Do I Qualify for a Great Plains Lending Loan?

advantages of great plains lending

It’s not difficult at all to apply and be approved for a Great Plains Lending loan.  Since this lender does not go by your credit score, they simply need to know you have the ability to repay your loan.  If you don’t have consistent employment, you might run into issues being approved.  Aside from that, you only need to meet the requirements below:

Here’s how to qualify for a loan:

  • Must be a U.S. citizen
  • Must be 18+ years of age
  • State issued driver’s license
  • Valid checking account
  • Verifiable employment

2019 Update:  Great Plains Lending is no longer in business.  If you need a bad credit loan, read our review on Big Picture Loans here.

The Bottom Line on Great Plains Lending

great plains lending reviews

As of March 2019, Great Plains Lending is no longer in business.  This decision came from a lawsuit filed by the State of New York that claimed the lender was offering usury loans to consumers in the state.  If you need a bad credit loan for emergency expenses, you can read our review on Big Picture Loans above or compare rates from other tribal lenders here.

Great Plains Lending Reviews