Plain and
pricing and terms
Plain Green loans are better than payday loans. Why?
- less expensive. At Plain Green Loans, you could save up to 40% vs. a typical payday loan on your very first loan1. And that's just for starters...
- returning customers qualify for even larger amounts and lower rates. Our loans are designed to reward our loyal customers. As you develop a successful payment history*, you can qualify for higher loan amounts, up to $2,500, at even lower rates.
- easy payments with no hidden fees. At Plain Green Loans, we have no hidden charges or fees – you pay interest only for as long as you keep your loan**. You can make affordable regular payments or pay off your loan early at any time with no prepayment penalty.
* A successful payment is made on time, for the full amount due, and is not
returned (i.e. NSF or bounced).
** If you skip a payment, or if your payment is late, or is returned, you may
incur additional fees. Complete disclosures of APR, fees and payment terms are provided
with the Loan Agreement.
1First time Plain Green Loans customers typically qualify for an installment
loan of $250 to $800 with an APR of 360.00%, or 40% less than the average 603.84% APR
for a payday loan. For example, a $600 loan from Plain Green Loans at 359.01% APR would require
12 bi-weekly installment payments of $105.11. After the 12th successful payment,
your loan would be paid in full. A typical payday loan of $600 with an APR of 603.84%
and a fourteen (14) day term would require one payment of $738.97. Typical payday
loan pricing is based on Texas-originated loans facilitated by credit service organizations such as
CashNet USA (664.29%), ChecknGo
(661.75%) and MyCashNow (485.45%) as of October 21, 2011.
© 2011 Plain Green Loans All Rights Reserved.
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*Plain Green, LLC is a tribal lending entity wholly owned by the Chippewa Cree Tribe
of the Rocky Boy’s Indian Reservation, Montana, a sovereign nation located within the United States of America, and is
operating within the Tribe’s Reservation. Applications processed and
approved before 6 p.m. ET are typically funded the next business day. In some cases, we may not be able to verify
your application information and may ask you to provide certain documents. Maximum loan amount for initial loan is $1,000.00. Refer
to Loan Cost & Terms for additional details. Complete
disclosures of APR, fees and payment terms are provided within the Loan Agreement.
Please note: This is an expensive form of credit. Plain Green loans are designed to help you meet your short-term borrowing needs. Appropriate emergencies might be a car repair, medical care for you or your family, or travel expenses in connection with your job. This service is not intended to provide a solution for longer-term credit or other financial needs. Alternative forms of credit may be less expensive and more suitable for your financial needs. Alternative sources you could consider include: a credit card cash advance; personal loans; home equity line of credit; existing savings; or borrowing from a friend or relative.
Please note: This is an expensive form of credit. Plain Green loans are designed to help you meet your short-term borrowing needs. Appropriate emergencies might be a car repair, medical care for you or your family, or travel expenses in connection with your job. This service is not intended to provide a solution for longer-term credit or other financial needs. Alternative forms of credit may be less expensive and more suitable for your financial needs. Alternative sources you could consider include: a credit card cash advance; personal loans; home equity line of credit; existing savings; or borrowing from a friend or relative.