Looking for a hassle-free loan with more time to repay? With a Moneytree installment loan, you can get the cash you need today and repay the loan in convenient payments over time.
If approved, you can pick up your funds in a Moneytree branch or have your funds sent to a qualified debit card account with our convenient Instant Funding* option (in-branch and online), or to your bank account via ACH (online only).
Installment loans are available from $50 to $7001 with approval.
Don’t wait to get the cash you need. With a Moneytree installment loan, you can get the cash you need today and repay your loan in convenient payments over time.
The amount you can borrow*** is calculated and may change based on:
Your Moneytree credit history
Your current income
Details provided on your loan application
Information from your consumer credit report, and/or
Information about your borrowing activity in a state database, including borrowing activity with Moneytree and certain other lenders.
Moneytree makes it easy to access funds when you need them most. Apply today!
How Much Does an Installment Loan Cost at Moneytree?
At Moneytree, installment loans are repaid in payments over time. Moneytree charges a flat fee on installment loans.
An installment loan costs $15 for every $100 borrowed up to $500, and $10 per $100 on the amount over $500. The amount of 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 70-day loan term as an example:
70 Day Loan Term: A $500 loan would have a total repayment of $575, which includes finance charges of $75 and is based upon you agreeing to make five payments of $115, due every two weeks, with an APR (Annual Percentage Rate) of 126.03%.**
You can apply online or visit any Moneytree branch in Washington 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.
**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. Your ability to borrow and the amount you can borrow may be impacted based on information in a state database about your borrowing activity with Moneytree and other lenders licensed under Revised Code of Washington, Chapter 31.45.
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.
Moneytree, Inc., is licensed by the Washington State Department of Financial Institutions. 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. Loan terms are between 60 and 90 days.
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?
You will be charged a one-time $25 fee if your check or ACH returns unpaid. You can reach Moneytree's Payment Center at 1-888-516-6643 for more information.