Majestic Lake Financial Reviews

majestic lake financial reviews
majestic lake financial

Article Title: How Does This Lender Stack Up?

Short Description: They are a tribal lender offering short-term installment loans to customers with bad credit. The lender is owned by the Habematolel Pomo of Upper Lake, California, and is operating within the tribe's reservation. But is a loan from Majestic Lake Financial worth it in the end? We investigate...

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


They help customers with bad credit obtain financing for short-term emergency situations.  This lender should never be used for large financial purposes and the loan should be repaid as quickly as possible.  You can borrow a minimum of $300 up to $1,000 for first time borrowers.  However, the interest rates vary:  from 200% to 2,290% APR.  The rate you pay will depend on your credit worthiness.  How advice is to shop around and compare lender rates that offer installment loans.

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  • Decent option if you have bad credit and have exhausted all available resources
  • Fast access to cash and funding
  • Application process is fast, smooth and straightforward
  • Decent option for short term emergency financing


  • Not a good option if you are comparing lender rates
  • Not a good solution for large financial purposes
  • Interest rates can be as high as 2,290% APR

Tribal loans are a little-known method for those looking to cover a minor emergency. Many times, you will go to a payday lender searching for quick cash. One of the benefits to a tribal loan is the repayment options. They are installment loans that afford you the flexibility to repay your note on a better schedule.

This article will be a review of Majestic Lake Financial, who specializes in short-term unsecured installment loans. While these are designed for short-term financial solutions, it’s up to you to ensure you are not using these for long-term financial solutions. Tribal loans are an expensive form of credit and not for everyone.

Majestic Lake Financial Overview

Landing on their website will bring you a clean and minimalist approach, giving you the start of the application process first thing. A little down the homepage you are given instructions on how the process works. You start by applying for al loan and it should only take a few minutes. From there, you will receive a quick approval decision and you can receive funds as soon as tomorrow.

The next section of the landing page will direct you to the FAQ section, which is important because that’s where many people like yourself end up. On the top level some questions include when will you receive your money, can you pay you loan off early and are your transactions private.

The remaining portion of their homepage is information regarding the company and what they can do for you. Majestic Lake Financial even has a page dedicated on how tribal loans work. This goes a long way in building trust between the company and potential customers.

Loan Rates and Terms: How Much Will it Cost?

As you might have guessed, Majestic Lake Financial specializes in short-term unsecured installment loans. Two of the most important details are the amount of the loan and interest rates. According to the FAQ page, if you are a first-time borrower with the company you can qualify for a loan up to $1,300 and for repeat customers you can go as high as $2,500. Interest rates will vary greatly between 200% and 2,290%.

Warning:  Beware of online loan sharks.

The reason for the higher interest rates is due to the nature of the lending and the length of the note. When you take out a loan in this manner it’s typically for an emergency, which is risk to the lender. Also, these types of loans are shorter in length and have a shorter interest-bearing period.

The Application Process

As with nearly every business in this industry, the application process is simple and quick. You can start on the homepage by filling out a few quick questions, including if this is your first-time using Majestic Lake Financial.

From there, you will redirect to a page where you will begin answering questions pertaining to your personal information. This includes your name, address, phone number and military status.

The next step includes your employment information. While not all companies are upfront with the requirement information, you need to meet certain income requirements for a loan. Your employment information will include place of employment, how much you are paid, the frequency of income and your work phone number.

The third and final section will include your banking information and any promotional information you might have received. When inputting your banking information, ensure it is the account you want your funds to go upon approval.

Once you complete the application you sit back and wait for the approval email.

What Happens After I Submit My Application?

After you send your application, Majestic Lake Financial states they will be in touch with you, likely to verify certain information.

Upon approval, in most cases you will receive your proceeds on the next business day. From there, you will begin following the repayment schedule that is in with your loan documents. While you can certainly follow that schedule, it will bring you more benefit to pay of your loan early if possible. Paying off your note early saves you money on interest expense and with the high interest rates, that can add up quickly.

If during the repayment period you find you will miss a payment, Majestic Lake Financial has a phone number you can reach out to. Keep in mind you might incur $20 insufficient funds fee and anything your bank may charge.

The Bottom Line

One final part of their website you may find useful is the blog. Many lenders do not have one and it’s an easy way to provide value to current and potential customers. While they are dated a few years back, they still provide information that is actionable and thoughtfully provoking.

Combine that with the page on tribal lending, they are at the very least putting value into education.

They are one of the top players in this game from a visual and informational stand point. However, they do have high interest rates, which may be a factor that drives customers elsewhere. Overall though, this company is certainly worth a look and could be your go-to in the event of an emergency.

Be sure to take the time yourself to review the website and all the important details, which are easily accessible throughout the website.

Majestic Lake Financial Review: Is it a Scam or Legit Lender? Read Our Reviews on This Fast Cash, Short Term Lender to Find Out

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