Nine Torches Review

Nine Torches is offered by LDF Holdings, a direct lender founded in 2012 and based in Lac Du Flambeau, WI. Nine Torches is available in 45 states (and Washington, DC).

What are the Nine Torches rates & fees?

These loans are meant as a short-term source of credit but if you calculate the annualized percentage rate of those fees you get rates ranging from 780%.

How much can you borrow from Nine Torches?

Loan amounts start at $300 and go up to $1,200.

What do you need to qualify for Nine Torches?

Nine Torches does not have or does not disclose a minimum annual income eligibility requirement. Nine Torches only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Nine Torches. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Nine Torches. Permanent resident / green card holders are also eligible to apply. If you are a non-resident looking to access these services through an entity incorporated in the U.S., you are in luck. Nine Torches will consider you for their services.

To qualify, applicants may need to provide the following documentation:

• Applicants must have an active and valid personal checking account
• Proof of income
• Proof of identity

Does Nine Torches run credit checks?

Yes, Nine Torches will check your credit when you apply for a loan.

What is the estimated funding time for a payday loan via Nine Torches?

Nine Torches will typically provide a credit approval decision in less than an hour and fund the loan within 3 business days.

For more information on payday loans, tribal loans, and their alternatives, read this guide.