Lendgreen strives to provide our customers with quick and convenient online loans. The chart below is designed to help you better understand how our loan interest rates and fees function for a standard $500 loan with a bi-weekly pay day if you repay close to maximum allowed period.
Lendgreen now provides Installment loans. Our easy installment loans divides your loan into equal payments over a period of time. The term of these loans are between 3 and 18 months but you are able to make additional payments, as well as pay off your loan at any time by contacting Customer Care at least 3 business days prior to your next due date.
$500 Installment Loan Approaching Max Repayment Period
Approx 719.92% APR
Total Payment to Date
Total # of Payments 35
Total Paid $5,215.92
ANNUAL PERCENTAGE RATE (APR) – The Cost of your Credit as a Yearly Rate=719.92%
FINANCE CHARGE – The Dollar Amount your Credit Will Cost You=$4715.92
AMOUNT FINANCED – The Amount of Credit Provided=$500
The typical APR on any Lendgreen loan is 795% but will vary depending on the terms of your loan.
The first payment is due on your next pay date. The first payment will vary from the payment plan amounts depending on your effective date.
The last payment will vary depending on your remaining balance.
We accept two methods for repayment:
Payments are taken out automatically from the bank account where the money was received using an ACH direct debit system. OR
Payments are accepted by Money Order, Cashiers and Certified Checks mailed prior to the customer’s set due date to: NIIWIN, LLC, d/b/a, Lendgreen P.O. Box 221 Lac du Flambeau WI, 54538
Your full payment schedule will be included in your loan agreement. You can reduce the total cost of your loan by paying off your loan prior to your last due date on your payment schedule or by making additional payments on or between your payment due dates. You control how soon you wish to pay off your loan. There will not be any fees or penalties for prepayment.
If you do not have sufficient funds in your account to cover payment, you will incur a $30 NSF (non-sufficient funds) fee, after which a late fee of $30 may also be assessed after 5 days.
Niiwin, LLC, d/b/a Lendgreen (“Lendgreen”), is a wholly owned subsidiary of LDF Holdings, LLC, a wholly owned subsidiary of the Lac du Flambeau Business Development Corporation, a wholly owned and operated economic arm and instrumentality of the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”), a federally recognized Indian tribe. Lendgreen is organized and in good standing under the laws of the Tribe. Lendgreen is a duly licensed Financial Services Licensee of the Lac du Flambeau Tribal Financial Services Regulatory Authority, an independent regulatory body of the Tribe.
All loan application decisions are made at Lendgreen’s office located at 597 Peace Pipe Road, 2nd Floor, Lac du Flambeau, Wisconsin 54538 on the Tribe’s reservation. If your loan application is approved by Lendgreen, your loan will be governed by Tribal law, applicable federal law, and the terms and conditions of your loan agreement.
This is an expensive form of borrowing. Lendgreen loans are designed to assist you in meeting your short term borrowing needs and are not intended to be a long term financial solution. The Annual Percentage Rate (“APR”) as applied to your loan will range from 720% to 795% depending on your payment schedule, pay frequency, loan term, and the amount of your loan. Late payments and non-payment may result in additional fees and collection activities as described in your loan agreement and as allowed by Tribal and applicable federal law. Lendgreen does not lend to residents of AR, GA, MD, MN, NY, PA, VA, WV, WI. Availability of installment loans are subject to change at any time at the sole discretion of Lendgreen.