Lendgreen is online payday lender that is based in the Lac de Flambeau reservation in Wisconsin. The company is a Native American owned business that follows the federal and Lac de Flambeau Indian Tribe law and regulations on lending.

How Does Lendgreen Work?

The entire process is performed online. Borrowers fill in a simple application and know within seconds whether they are approved and how much money they can borrow. If the borrower accepts the loan offer, Lendgreen deposits the cash within 24 hours or the next business day. Borrowers can repay their loans by either having payments automatically withdrawn from their bank accounts, by money order or certified check.

What Are The Interest Rates?

Interest rates vary depending on how long you take to repay the loan, but the maximum APR for a regular payday loan is 782.14%.

Lendgreen has an alternative repayment method they call the Multi-Pay Option that is much more expensive than regular payday loans. The Multi-Pay Option stretches the repayment of the loan to up to 35 bi-monthly payments. For example, a $400 loan that is repaid in 35 payments will cost a total of $3,205, which amounts to $2,805 in finance charges for a $400 loan.

How Much Money Can I Borrow?

First time borrowers can borrow up to $500, depending on their income and the state they live in. Return customers can borrow up to $700 on their second loan and $800 on their third loan.

Which States Does Lendgreen Operate In?

Lendgreen loans are not available to residents of Arizona, Arkansas, Colorado, Connecticut, District of Columbia, Georgia, Maine, Maryland, Massachusetts, Minnesota, Montana, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Vermont, West Virginia, and Wisconsin or to members of the military.

What Is the Application Process Like?

Borrowers must complete an online application form that just takes seconds to complete. Eligibility requirements include being at least 18 years old, have a steady source of income that pays every two weeks and an active bank account that accepts electronic deposits. Lendgreen doesn't perform traditional credit checks that could hurt your credit, but it might use alternative credit checks to see your payment history of payday loans.

How Is Lendgreen Better Than Other Lenders?

Lendgreen provides fast loans to borrowers with bad or no credit. The application process is simple and there are no prepayment penalty fees. Its website is well-designed and is clearly specifies the rates and terms of its loans. The rate for a two-week payday loan is comparable to other payday lenders, but the cost of Lendgreen's Multi-Option Loan is particularly expensive even by payday loan standards.

  • Credit Score Range
    300 - 640
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Military Status
  • Minimum Annual Income
  • Minimum Monthly Income
  • No Other Outstanding Loans
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Funding Time Range (in days)
    1 - 3
  • No Credit Check
  • Direct Deposit
  • Online Application
  • Loan Amount
    $400 - $1000
  • APR
    720% - 795%
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