Greenline Loans Reviews

greenline loans reviews
greenline loans

Article Title: How Does This Lender Stack Up?

Short Description: They are a tribal lender that offers installment loans to consumers with less than perfect credit. They are owned and operated by the Fort Belknap Indian Community, a sovereign American Indian Tribe. But is a loan from this lender worth it in the end? We investigate...

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2.1 of 5 stars 1 review
  • Customer Support
  • Cost of Loan
  • Funding Time
  • Application Process


As a tribal lender that offers short term installment loans, they are very quick to approve many borrowers.  That isn’t necessarily a good thing.  Many customers have credit issues and their likelihood of becoming trapped in a cycle of debt is a real possibility.  That said, they offer installment loans with interest rates starting at 762.33% APR.  It’s one of the highest interest rate lender’s we’ve come across.  If you decide this lender is for you, proceed with caution.


  • Decent option if you’ve exhausted all possible resources
  • Funds are deposited within 24 business hours


  • Very expensive.  One of the highest tribal loan interest rates we’ve come across.  A whopping 762.33% APR
  • Not a good solution for large financial purchases

Thousands of individuals face financial struggles each year. Take it a step further and you’ll find that many live paycheck to paycheck. So when an emergency does occur, it makes sense to search for ways to temporarily increase your cash flow.

Tribal lenders are financial entities that lend small unsecured notes, many of them funding within 24-hours of the application being submitted. In this review, Greenline Loans is our subject and we’ll go over the details, giving you proper information to make an informed decision on the lender.

Overview of Greenline Loans

At a quick glance, you’ll see a professional landing page with all the information you expect to find with a financial institution. From their about us page:

“GreeNline loans is a well established online lender. We have set ourselves apart from other online lenders through our transparency and friendly customer service.”

Greenline advertises that their application process takes a few short minutes and is completed electronically. As financial technology continues evolving, completing applications online ensures Greenline is competitive in the marketplace.

Towards the bottom of the page, Greenline advertises they are a member of the Online Lenders Alliance and have the proper security measures in place to ensure you information transmits securely.

What Types of Loans Are Available?

The one and only product available through Greenline is an unsecured, short-term note. It’s an installment loan and is repaid through equal bi-weekly payments. On the fee schedule page you’ll find a complete list of details, but here is a list of the prudent information.

  • Minimum loan amount is $300
  • First time borrowers are limited to a maximum note of $300
  • All other borrowers can apply for a loan up to $1,000.
  • There are no pre-payment penalties.
  • APR can reach as high as 762%

When you are approved for a loan, you can make your payments via ACH (electronic check), debit card, or send a cashier’s check or money order to their PO Box.

However, if you reside in the state of Arkansas, Colorado, Georgia, New Hampshire, New York, North Carolina, Pennsylvania, Maryland, Minnesota, Montana, Puerto Rico, Vermont, Virginia, Washington or West Virginia, you are unable to apply.

The Application Process

The application process is simple and take only the necessary information to make an information decision. On their apply now page, you’ll find it broken out into four major sections. Starting with the loan amount, you select the size of the loan you wish to apply for.

Next, you populate the profile page with your personal information including social security number, address and contact information. Again, Greenline states they are McAfee safe and your information will transmit securely.

The third section includes all your employment information. This allows Greenline to verify you are working and can repay the amount you are requesting to borrow. Lastly, you will input your banking information where the funds will settle, should you be approved for a loan.

If your application is approved, funding can take 1 to 3 business days but typically settles on the next business day.

Late Payments & Extensions

Before you take out a Greenline note, you need to be aware of the penalties and limits should you fall behind.

Extensions are not available through Greenline should you fall behind in your scheduled repayment plan. Their website explicitly states, “No extensions, renewals, or “rollovers” are permitted”. However, if you find yourself in a situation where you are unable to repay your note, you can call the company and request a reschedule of your payment.

Late payments do occur and should you find yourself paying late, you will be assessed a late fee. However, the late fee will not exceed 10% of any payment not received within 5 calendar days of the due date. Paying this note late will only cost you more, especially combined with the high APR.

Greenline Loans FAQ

Will My Credit Be Affected?

Yes, your credit will report an inquiry because you are applying for a loan. Greenline Loans pulls your credit to ensure you are a sound customer and have a high probability of repaying the loan. When your credit is pulled, your score will reflect the inquiry and too many inquiries in a short amount of time may negatively impact your score.

Can I Cancel My Loan?

Yes, if you reach out prior to 3:00pm Mountain time of the next business day you can cancel the loan. To complete this, you log onto your account and complete the cancellation form. If done in time, you will not incur any finance charges of additional fees.

Can I Prepay My Loan?

Yes, and it’s encouraged because the faster you pay your loan off the more you save on interest. Keep in mind the interest rate on Greenline loans can be north of 700%, which is extremely expensive over the entire life of the note.

Is a Loan From This Lender Worth It?

If you are searching for a short-term loan to aid in either a cash flow issue or emergency, then you might find Greenline appropriate. They have a very professional website that includes the information you need to make an informed decision. Their information is easy to navigate and as they state, transparency is one of their main advertising points.

However, you need to consider the terms of the note and how much you need to borrow. Borrowing more than you need can be costly due to the high APR of this product. Responsible borrowing is a must and Greenline only lends up to $300 to first time borrowers.

Overall, Greenline appears to be a sound company with a quick and easy application process.

Just keep in mind that short-term installment loans should not be used for long-term expenses.  This type of loan is used best for emergency expenses, as the APR can be astronomical.

You can head on over to their website and check it out for yourself. Funding is quick, there are no prepayment penalties and funds will settle in your checking account if approved.

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