Blue Trust Loans
in Personal Loans from Hummingbird Funds, LLCClaimed
Blue Trust LoansClaimed
in Personal Loans from Hummingbird Funds, LLC
Strongly not recommended
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Blue Trust Loans Review
Blue Trust Loans is offered by Hummingbird Funds, LLC, a direct lender founded in 2014 and based in Hayward, WI. Blue Trust Loans is available in 37 states (and Washington, DC).
- Fast access to cash. In some cases you can get your money within 1 business day.
- Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 300 are considered for Blue Trust Loans.
- Small-dollar loans. Blue Trust Loans has a maximum loan amount of just $2,500.
- Hard credit pull required. You can't check your rates or see if you prequalify for Blue Trust Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
- No origination fee. Blue Trust Loans does not charge a loan origination fee.
- Short loan terms. Blue Trust Loans offers loan terms as short as 6 months. Most personal loans have a minimum term of 12 to 36 months.
- Minimum income of $10,200. You will need an annual income of at least $10,200 to apply for Blue Trust Loans, which is below average for the lenders in our database
Blue Trust Loans Pros and Cons:
What rates and terms does Blue Trust Loans offer?
Blue Trust Loans has higher interest rates than the average for lenders reviewed on SuperMoney.
What APR rate does Blue Trust Loans offer?
Blue Trust Loans offers a fixed APR personal loan product that ranges from 471.78% APR up to 841.45% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
How much can you borrow via Blue Trust Loans?
Loan amounts start at $100 and go up to $2,500.
What can a personal loan from Blue Trust Loans be used for?
Personal loans from Blue Trust Loans are typically used for special purchases, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Blue Trust Loans?
Blue Trust Loans offers personal loans with terms ranging from 6 to 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
|Loan Amount||$100 - $2500|
|Loan Term||6 - 12 months|
|APR||471.78% - 841.45%|
What fees does Blue Trust Loans charge?
Does Blue Trust Loans charge an origination fee?
Blue Trust Loans does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Blue Trust Loans charge a late fee?
Yes, Blue Trust Loans may charge borrowers a late payment fee.
Does Blue Trust Loans charge prepayment fees?
No, Blue Trust Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
|Late Payment Fee||N/A|
What do you need to qualify for Blue Trust Loans?The minimum age to be eligible is 18 or the state minimum, whichever is higher.
To qualify for personal loans with Blue Trust Loans, applicants need a minimum annual income of $10,200 or higher. Blue Trust Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.
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. APRs for the Blue Trust Loans product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Blue Trust Loans. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid checking account
- Recent pay stubs
|Bank Account Required?||Yes|
|Application Types Accepted||
|Credit Score||300 - 650|
What is the estimated funding time for a personal loan via Blue Trust Loans?
Blue Trust Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 3 business days of approval.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
|No Origination Fee|
|No Prepayment Fee|
|Checking Account Required|
|Employment Statuses Considered||
|Immigration Status Considered||
|Joint Loan Applications Accepted||Individual Applications|
|Minimum Annual Income||$10,200|
|Supported Income Types||
|Verification Documents Required||Recent Pay Stubs|
|Credit Score Range||
300 - 650
|Loan Amount||$100 - $2,500|
|APR (Fixed APR)||471.78% - 841.45%|
|Loan Term||6 - 12 months|