Highlights
Community Rating	Rating not yet determined
APR (Variable APR)	N/A (Verified 03/01/2023)
Loan Amount	$100 - $3,000
Loan Term (Months)	N/A

River Valley Loans Review

River Valley Loans is offered by River Valley Loans, a nonbank financial services provider founded in 2021 and based in Ft. Thompson, SD. River Valley Loans are available in 41 states across the USA.

Key Takeaways

Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging.
Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your River Valley Loans early.

River Valley Loans Pros & Cons

Pros	Cons
Considers applicants with fair credit.	Charges an origination fee. Do not offer pre-approval with soft credit pull. River Valley Loans does not report to credit bureaus. Charges prepayment fees. Charges a late fee of up to $20.

River Valley Loans FAQ

What interest rates and personal loan terms does River Valley Loans offer?

River Valley Loans has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does River Valley Loans offer?

River Valley Loans offers a variable APR personal loan product but they do not disclose their interest rates.

How much can you borrow via River Valley Loans?

Personal loan amounts start at $100 and go up to $3,000.

River Valley Loans Interest Rates & Loan Terms
Personal Loan Amount	$100 - $3000
Loan Term	N/A
APR	N/A

What fees does River Valley Loans charge?

Does River Valley Loans charge an origination fee?

River Valley Loans may charge a personal loan origination fee.

Does River Valley Loans charge a late fee?

No, River Valley Loans will not charge you a late fee if you miss one of the monthly payments of up to $20.

Does River Valley Loans charge prepayment fees?

No, River Valley Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

River Valley Loans Fees
Origination Fee	No
Prepayment Fee	N/A
Late Payment Fee	up to $20

What do you need to qualify for River Valley Loans?

When it comes to credit scores, River Valley Loans doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

River Valley Loans does not have or does not disclose a minimum annual income eligibility requirement. River Valley Loans 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 River Valley Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by River Valley Loans.

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

Proof of income
Proof of insurance
Driver's license
Proof of identity
Proof of citizenship or residence permit
Proof of residence
U.S. tax identification number

River Valley Loans Eligibility Criteria
Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Individual Applications
Credit Score	300 - 850

Are River Valley Loans legit?

River Valley Loans is an early stage company that launched 2 years ago.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters
PO BOX 222
Ft. Thompson, SD 57339
(833) 987-4837
Visit Site
Email Support

Hours of Operation

Sunday Closed
Monday 7:00am - 7:00pm
Tuesday 7:00am - 7:00pm
Wednesday 7:00am - 7:00pm
Thursday 7:00am - 7:00pm
Friday 7:00am - 7:00pm
Saturday 8:00am - 4:30pm

About River Valley Loans

View River Valley Loans Profile

Availability

Available in 41 states

Alabama
Alaska
Arizona
California
Colorado
Delaware
Florida
Georgia
Hawaii
Idaho
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Rhode Island
South Carolina
Tennessee
Texas
Utah
Washington
Wisconsin
Wyoming

Feature Breakdown

Employment Statuses Considered	Employed Full-Time Employed Part-Time Self-Employed Retired
Immigration Status Considered	U.S. Citizen U.S. Permanent Resident
Joint Loan Applications Accepted	Individual Applications
Military Status	Active Duty Military Non-Military Veterans Military Dependent
Minimum Age	18
Supported Income Types	Direct Deposit (W2, SSA, SSDI) Cash Payroll Check or Prepaid Card 1099 Misc. Income Tax Returns
Verification Documents Required	Driver License (or other photo ID) Proof of citizenship/residence (Green Card) Proof of Income Proof of Identity Proof of Residence Proof of Insurance U.S. Tax Identification Number Social Security Number Employer Identification Number
Credit Score Range	300 - 850

River Valley Loans Community Reviews

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