No Bank Account? Ask About a Moneytree Signature Installment Loan
Idaho Signature Installment Loans
Looking for a hassle-free loan with more time to repay? With a Moneytree signature installment loan, you can get the cash you need today and repay the loan in convenient payments over time. And, if you pay off early, you save money!
If approved, you can receive your funds in cash at a Moneytree branch or have your funds sent to a qualified debit card account with our convenient Instant Funding* option.
Pay off early and save money with a Moneytree Signature Installment Loan - the loan
with a principled difference!
Borrowing Made Easy
How Much Can I Borrow at Moneytree?
Signature installment loans are available from $50 to $2,0001 with approval.
No checking account? With a Moneytree signature installment loan, you can get the cash you need today and repay your loan in convenient payments over time. Plus, a checking account is not required to apply!
The amount2 you can borrow*** is calculated and may change based on:
- Your Moneytree credit history
- Your current income
- Details provided on your loan application, and/or
- Information from your consumer credit report
Moneytree makes it easy to access funds when you need them most. Apply today!
*Instant Funding is not available for all debit cards. Subject to limitations. Some restrictions may apply. Processing times vary. In most instances funds are transferred in approx. 30-45 minutes, but can take longer. Moneytree is not responsible for bank, processor, and other third-party posting delays or errors.
1Subject to qualifications and limitations.
2Installment loans are available with a 12-month term. Once approved, you may choose to borrow a lesser amount for a shorter term.
**The Annual Percentage Rate (“APR”) is the cost of your loan expressed as a yearly rate. The actual APR for your loan may be higher or lower, depending on the actual amount you borrow and your actual repayment schedule.
*** Your account balance with Moneytree must be current and in good standing in order to take out a loan.
Moneytree does not make loans to “covered borrowers,” as defined under the Military Lending Act.
CUSTOMER NOTICE: There are a wide variety of financial products available in the marketplace, so your choice should match your financial needs. Small-dollar loans used over a long period of time can be expensive.
Cost of a Loan
At Moneytree, signature installment loans are repaid in payments over time. Signature installment loan interest is calculated using a Daily Uniform Amortization schedule that applies payments to interest evenly throughout the term so that substantially the same amount of principal is paid down with each payment.
The amount of your payments will vary based on the loan amount, the number of payments and the length of the loan. Using a $500 loan with biweekly payments with a 122 month loan term as an example:
12 Month Loan Term: A $500 loan would have a total repayment of $1,880.82, which includes finance charges of $1,380.82 and is based upon you agreeing to make 25 payments of $72.33, due every two weeks, and one final payment of $72.57 with an APR (Annual Percentage Rate) of 363.61%.**
You can get your funds in cash or Instant Funding* deposited to your qualified debit card account.
You can apply at any Moneytree branch in Idaho to get started.
*Instant Funding is not available for all debit cards. Subject to limitations. Some restrictions may apply. Processing times vary. In most instances funds are transferred in approx. 30-45 minutes, but can take longer. Moneytree is not responsible for bank, processor, and other third-party posting delays or errors.
1Subject to qualifications and limitations.
2Installment loans are available with a 12-month term. Once approved, you may choose to borrow a lesser amount for a shorter term.
**The Annual Percentage Rate (“APR”) is the cost of your loan expressed as a yearly rate. The actual APR for your loan may be higher or lower, depending on the actual amount you borrow and your actual repayment schedule.
*** Your account balance with Moneytree must be current and in good standing in order to take out a loan.
Moneytree does not make loans to “covered borrowers,” as defined under the Military Lending Act.
CUSTOMER NOTICE: There are a wide variety of financial products available in the marketplace, so your choice should match your financial needs. Small-dollar loans used over a long period of time can be expensive.
What Do I Need in Order to Apply for a Signature Installment Loan at Moneytree?
Applying for a signature installment loan at any Idaho Moneytree branch is fast and simple. Here’s what you’ll need:
- A valid ID and Social Security Number, ITIN, or Alien Registration Number
- Your physical address, phone number and a unique email address
- Proof of income, such as a pay stub or benefits statement
Gather your documents and stop by any Idaho branch today!
*Instant Funding is not available for all debit cards. Subject to limitations. Some restrictions may apply. Processing times vary. In most instances funds are transferred in approx. 30-45 minutes, but can take longer. Moneytree is not responsible for bank, processor, and other third-party posting delays or errors.
1Subject to qualifications and limitations.
2Installment loans are available with a 12-month term. Once approved, you may choose to borrow a lesser amount for a shorter term.
**The Annual Percentage Rate (“APR”) is the cost of your loan expressed as a yearly rate. The actual APR for your loan may be higher or lower, depending on the actual amount you borrow and your actual repayment schedule.
*** Your account balance with Moneytree must be current and in good standing in order to take out a loan.
Moneytree does not make loans to “covered borrowers,” as defined under the Military Lending Act.
CUSTOMER NOTICE: There are a wide variety of financial products available in the marketplace, so your choice should match your financial needs. Small-dollar loans used over a long period of time can be expensive.
Questions About Signature Installment Loans?
Call our Customer Service Team at 1-800-745-1011.
Frequently Asked Questions
Is Moneytree licensed?
Moneytree, Inc., is licensed by the Idaho Department of Finance. Licensing information is available upon request. Moneytree is registered with the federal government as a Money Services Business (MSB).
How is my loan (or payment) due date determined?
Your loan will be due on the date set forth in the loan agreement. Payment due dates are based on your pay schedule with payments due on each payday throughout the term of the loan.
Can I pay off my loan before it is due?
Yes. Moneytree does not charge a pre-payment penalty if you choose to pay off your loan before the loan due date.
What if I miss a payment or a payment returns?
There is a ten (10) day grace period after the payment due date during which your loan payment may be paid in full at no additional cost. If the loan payment remains unpaid at the end of the grace period you will be charged $10 or 5% of the amount of the outstanding payment, whichever is greater. You can reach Moneytree's Payment Center at 1-888-516-6643 for more information.