Red Arrow Loans Review

Red Arrow Loans Review

Fast funding for loans up to $5,000 and terms up to 12 months. They are a legit lender but watch out for fees and marketing from 3rd party companies. 


New users only

Home » Red Arrow Loans Review

What is Red Arrow Loans?

We know how hard unexpected financial emergencies can be. If you’re in a bind and need funds within a day, you can rely on Red Arrow Loans.

Red Arrow Loans is a lending aggregator that’s available in 50 states. They partner with lenders that service all types of credit scores, income to help you get a loan in as little as 24 hours.

They have been operating for more than two decades which gives Red Arrow Loans an edge against other aggregators like or

In this comprehensive review, we’ll breakdown the pros and cons as well as who Red Arrow is best for and when you should look at alternatives.

Table of Contents
    • Accepts a wide range of credit scores
    • Strong customer support team
    • Funding within 1 business day
    • Quick application
    • Low annual income requirement
    • High interest rates
    • Terms and conditions of the loan can be confusing
    • Limited pre-approvals
    • Not many reviews on Trustpilot or BBB

    Who they’re best for

    • People who need emergency funds. Red Arrow Loans can do same-day processing. 
    • People who have less than excellent credit score. This lender accepts applicants with a wide range of credit scores and does not discriminate against those with fair or low scores. 
    • People looking for loan terms up to 12 months. Personal loans from Red Arrow have a longer payment period than payday loans, resulting in no pressure and a more sustainable borrower experience.

    Why trust CreditPug? We are an independent editorial team with a mission to educate Americans on the importance of good personal finance. We are not compensated by the company in this review.

    Which states is Red Arrow Loans in?

    Red Arrow is available in the following 50 states:

    Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, DC, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, , Wisconsin, West Virginia and Wyoming.

    Red Arrow Loans
    Red Arrow Loans
    7.8/10Our Score

    Red Arrow Loans provides fast funding for loans up to $5,000 and terms up to 12 months. They are a legit lender but watch out for fees and marketing emails from 3rd party companies. 

    • Loan amount range: $100 to $5,000
    • Loan term: maximum of 12 months
    • APR: up to 36%
    • Min. Credit Score: 550
    • Approval time: Instant approval
    • Funds available: in 24 hours
    • Are they legit: Yes

    Red Arrow Loan features

    Red Arrow is a loan aggregator network where an applicant can submit one application and be matched with multiple lenders. Once the applicant accepts a loan offer, they can receive their money within a day. One of the fastest turn around times in the industry. 

    Aside from quick approvals, Red Arrow Loans can service almost any applicant. Annual income requirements are only $1,000, and the minimum credit score recommended is 540. In addition, you can apply for a loan up to $5,000 with a term as long as 12 months.

    Red Arrow Loans’ interest rate is not openly stated on their sites, but they claim to adhere to the US legislation on annual percentage rate (APR). This means that loans offered by partners of Red Arrow should be at most 36% percent APR.

    What makes them stand out:

    • High maximum loans. Red Arrow Loans can lend borrowers up to $5,000. This is helpful for people who need to cover hospital bills, educational expenses, or other emergency payments.
    • Reports to credit reporting agencies. If you borrow through Red Arrow Loans and make consistent payments, your credit will increase as they report to legitimate credit reporting agencies.
    • Accessible to all states. Red Arrow Loans offers services to 50 states and DC. 
    • Low annual income requirement. Red Arrow only requires an annual income of $1,000. This is lower than the annual income requirements of many of its counterparts.

    Why you’ll want apply look elsewhere:

    • They have prepayment fees. Prepayment fees may apply if you pay off your loans earlier than the expected date with Red Arrow Loans. However, following the set payment dates will result in no additional fees. 
    • Interest rates are not disclosed. Interest rates are not disclosed on the Red Arrow website, but they claim to  follow the legal APR requirement of a maximum APR of 36%. You might want to find another lender if you prefer more transparency with interest rates.

    Is Red Arrow Loans Legit?

    Yes, Red Arrow Loans is legit. They have been in operation since 2000 and are a licensed loan broker.

    You should be aware that as an aggregator or partner network your information will be shared with third parties to market you other services. Some users on Quora have reported excessive marketing emails and phone calls as a result of apply through Red Arrow.

    Unfortunately, there are not enough online reviews to share about Red Arrow Loans. Red Arrow Loans reviews Reddit entries are not yet sufficient to draw accurate information from.

    Customer service details: Red Arrow Loans can be contacted through their online Contact page, which can send a direct email to their customer support team. 

    Loan requirements

    These are the requirements you’ll need to meet to give you the best chance of approval for a loan from WithU:

    • Residence: You live in one of the 50 states or DC where Red Arrow loans is available.
    • Age: You are at least 18 years old.
    • Income: Employed with a minimum monthly income of $1,000.
    • Proof of income: You’re able to provide a paystub as proof that you’re employed.
    • Credit score: They claim not to have a minimum credit score as they use alternative scoring methods to determine your credit-worthiness. We recommend a minimum of 550 to be safe.
    • Bank account: Have an active checking account.

    Loans like Red Arrow Loans

    WithU LoansUrban Bad Credit LoansCredit Ninja
    Est. APR
    Est. APR
    Est. Loan Term
    6-12 months
    Est. Loan Term
    18-60 months
    Est. Loan Term
    12-18 months
    Loan amount
    $300 – $2,500
    Loan amount
    Loan amount
    Min. Credit Score
    Min. Credit Score
    Min. Credit Score
    Min. income
    $1,800 per month*
    Min. income
    $1,200 per month*
    Min. income
    $1,800 per month*
    Details marked with an asterisk (*) are creditpug estimates.

    How to apply for a loan with Red Arrow Loans

    Applying for a loan with Red Arrow Loans is straight forward. There are 4 steps, we’ve broken them down below so you know what to expect:

    1. Visit the Red Arrow Loans site at You will see their site, which is mostly white, with white and blue accents. Select if you’re a new customer or a returning customer.
      red arrow loans online application step 1
    2. Complete with your personal information. Enter your desired loan amount, email address, full legal name, mobile number, current address, date of birth, social security number, and other personal information. Note that your SSN will not affect your credit score.
      red arrow loans online application step 2
    3. Add your employer’s information. You will be asked about your employer’s information and your annual income. Fill this up along with your driver’s license number to prove that you do not intend to scam the lending service.
       red arrow loans online application step 3
    4. Read and accept their terms and conditions. Read all the T&Cs and click agree. Then, if you are satisfied with your Red Arrow Loans application, submit it and wait for Red Arrow to contact you about the status of your request. By then, they will be sending you the special loan terms for your specific borrowed amount.
      red arrow loans application step 4

    Wrapping up

    If you need your money fast, Red Arrow loans is a legit site with a strong lender network that offers quick approvals and flexible requirements. They’ve been around for over 20 years and have helped thousands of people get approved for a loan even with bad credit. 

    If you do apply, expect marketing emails, calls and text messages and make sure you read and understand the APR and terms of the loan before accepting it as you’ll have to pay a fee if you want to pay off your loan early.

    Loan amount

    Min. credit score

    Est. APR
    up to 36%


    New users only

    Application simplicity
    User experience
    Customer Service
    3.5 Overall Rating

    Loan Reviews

    Online personal loans for Americans with good and excellent credit.

    Best Egg is an online lending platform that helps people who have good to excellent credit get fast loans up to $50,000. Watch out for the origination fee and if you have bad credit you're better off applying elsewhere. 

    Debt consolidation loans for people with bad credit.

    Have bad credit and in an emergency? Get a same-day loan up to $2,000 with MoneyKey. MoneyKey is a legit lender with an easy online application, quick approval and fast funding.

    Red Arrow Loans provides fast funding for loans up to $5,000 and terms up to 12 months. They are a legit lender but watch out for fees and marketing from 3rd party companies. 

    Red Arrow Loans Review