Green Arrow Loans Review

About Green Arrow Loans

Green Arrow Loans is a tribal lender run by the Big Valley Band of Pomo Indians. They offer personal loans to people who need fast cash. Based in the United States, their loan offers range from $200 up to $1,500, and they cater to people who need emergency funding.

They offer unsecured loans, and this makes them accessible for a broad range of borrowers. However, the interest rates are high, and you could pay back thousands more than you borrowed, making them a last resort if you exhausted all other funding options or you can pay it back quickly.

• Best for: Someone who has poor or no credit and needs emergency cash.  
• What to watch out for: Watch out for the high interest rates, often well into the triple digits.

A closer look at the features of a Green Arrow loan

Here’s what you should know before you apply for a loan with Green Arrow loan:

• Minimum and maximum loan amount: $200 to $1,500 (maximum of $300 for first-time borrowers)
• Loan term: Depends on how much you borrow, but the first payment is usually due a few short weeks after you get funding – similar to payday loans.
• Loan interest rate range: Up to 825%
• Fees: There is no fee to apply for a loan, nor is there a monthly service fee. There’s no prepayment penalty, but they do charge a returned payment fee of $35. 
• Where they’re available: These loans are available in Alabama, Alaska, Arizona, California, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Wisconsin, and Wyoming.

Loan details

• Credit score range for approval: No minimum credit score required.
• Turnaround time: Funds are usually available during the next business day if you get approval before 5 p.m.
• Requirements: You must be 18 years old at a minimum, have verifiable income of at least $1000 a month, be a US citizen and have an active checking account. 
• Income acceptance: Green Arrow loans accepts people on welfare as long as they make more than $1,000 a month and people with past bankruptcies. 
• Loan security: Unsecured
• Do they perform a credit check? Yes, they do a hard credit check with the application.

What are the benefits of a Green Arrow loan?

There are a few benefits that come with working with Green Arrow Loans. They include but are not limited to: 

• Application is fast
• Varying loan amounts
• No credit requirements

What to watch out for

Before you work with this company, you should be aware of the following: 

• APRs up to 825%
• Short repayment terms
• Limited availability 

Is Green Arrow Loans legit?

While Green Arrow Loans is a registered Tribal Lender with the Big Valley Band of Pomo Indians in Big Valley Rancheria, California they have been named in a class action lawsuit that challenges their legitimacy.

In the lawsuit, it is alleged that they lent money to a resident in Indiana at a 775% interest rate which is above the 35% legal interest rate. The court document claims that although registered as a tribal lender, they do not have legal claims to be sanctioned under tribal law.

Green Arrow loans reviews summarized

They have 3.5/5 stars on the Better Business Bureau with very low activity. TrustPilot is a little more active with a 4.5/5 rating. The reviews do mention that the customer service team is responsive, but many touch on how high the interest rates are. 

We weren’t able to find any reviews on Reddit.

Am I eligible?

This company makes it easy to apply and be eligible for a loan. To do so, you’ll have to: 

• Be 18 years or older
• Have ID verification like a driver’s license, state-issued ID, or a passport
• Proof of a monthly income of at least $1,000
• Have an active checking account in good standing (not overdrawn)
• Be a US citizen 
• Not be active-duty military or a dependent of one

What documents do I need to apply? 

You’ll need up upload a few documents during or after the application process, including: 

• Copy of your state-issued ID, license, or passport
• Check stubs or bank statements to prove your income 
• Mortgage papers, rental agreement or lease, or utility bills to prove residency

How do I apply for a Green Arrow loan? 

To apply for a loan through this company, you’ll do so online. They make it easy to do by going through the following: 

1. Visit the website and click “Apply Now” 
2. Choose your state from the drop-down menu and click next
3. Fill in your information
   1. First and last name
   2. Birthday
   3. Social security number
   4. License or state ID number
   5. Home address
   6. Click continue
4. Fill in your employment information
   1. Employer name
   2. Type of employment
   3. Contact details
   4. How long have you been employed
   5. Income account
   6. Paid weekly, bi-weekly, or monthly 
5. Add your banking information
   1. Bank name
   2. Account number and routing number
6. Agree to the terms and generate an offer

Sign your paperwork if approved and wait for the money to get deposited

What are other sites like Green Arrow Loans? 

If Green Arrow Loans doesn’t seem like a good fit, there are options. You can try the following: 

• Opp Loans: OppLoans offers accessible and responsible online personal loans, catering primarily to individuals with less-than-perfect credit. They are known for their quick approval process and manageable repayment terms with loans up to $4,000.
• Speedy Cash: Speedy Cash is a lending company specializing in short-term loans, such as payday, title, and installment loans, designed to provide quick financial assistance for urgent needs up to $1,500. 
• Best Egg: Best Egg is a financial services company known for offering personal loans, secured loans, and credit cards with a fast and simple online application process, aimed at helping people consolidate debt, make large purchases, or fund personal projects with loans up to $50,000. 

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