Installment Loan FAQ

An installment loan is a type of loan where you borrow a set amount of money and repay the loan over a fixed period of time with regularly scheduled payments called installments.

• Payments are typically scheduled based on a set frequency. Your loan agreement includes a payment schedule detailing amounts and due dates. The term of the loan may vary but is typically 10-18 months.
• Interest is only charged for the length of time the loan is outstanding.
• We do encourage our customers to pay off early to avoid additional interest charges, and there are no pre-payment penalties applied.
• Other examples of Installment Loans: Auto Loans, Mortgage Loans, Student Loans.

We are a trusted lender providing consumers Installment Loans with flexible terms to help with unexpected expenses or unexpected hardships.

River Valley Loans offers the best in customer benefits! We know when you need money, you often need it now, which is why we offer FREE same-day funding.^† Plus, if you’ve received a loan from River Valley Loans before, you may be eligible for better rates and more money!

River Valley Loans abides by Tribal Law as incorporated by the Crow Creek Sioux Tribe and applicable federal laws and regulations.

You may cancel your payment obligations under the Loan Agreement, without cost or finance charges, no later than 5:00 p.m. Central Time of the second business day immediately following the Disbursement Date (“Cancellation Deadline”). Your Disbursement Date is the date the funds were transferred to your financial institution. This may not be the same date your bank makes those funds available to you, so please call us at (833) 987-4837 as soon as possible if you want to cancel your loan. If you miss the cancelation deadline, you can still pay off your loan early without penalties and pay only the interest you’ve accrued up to your pay-off date.

You can find more information about our cancellation policy in your loan agreement by logging into your member portal at members.rivervalleyloans.com.

You can access your loan documents online at any time by logging into your account at members.rivervalleyloans.com.

The best way to minimize the cost of your loan and save is to pay your loan off in full early. If you are unable to do this, you can still save money by making extra payments towards the principal of your loan or making more than the minimum payment on your scheduled due date.  River Valley does not charge any early pre-payment penalties.  To make extra payments, log into your account and select ” Payment Options,” or call us at (833) 987-4837 for assistance.

If you need to change your payment date, please get in touch with us no later than three (3) days before your next scheduled payment date.

The quickest and easiest method to make your payments is through ACH, an automated electronic transfer from your bank account. We do accept other payment methods such as debit cards, cashier’s checks, or money orders.

Your loan agreement includes a payment schedule detailing amounts and due dates. You are strongly encouraged to pay off your loan as quickly as possible. River Valley does not charge any early pay-off penalties or fees, and it will reduce the overall cost of your loan. If you wish to pay your loan off early, please call us at least two business days prior to your next scheduled payment.

Please call our Customer Care Team at (833) 987-4837 for assistance with paying your loan off early or if you have any questions about your payments.

There are many factors that go into determining what the APR% will be on your loan. The APR varies based on a customer’s specific loan situation.

You can find details of your specific payment amounts, payment dates, rates (APR), and specific fee information in your loan agreement. You can review and download a copy of the loan agreement at any time during the life of your loan by logging in to your account at members.rivervalleyloans.com.

Please note this is an expensive form of credit. We encourage customers to pay off their loans as soon as possible. 

We use the latest secure technology to protect your information from any unauthorized access. Please review our Privacy Policy for more details.

In most cases, your funds will be deposited in your bank account as soon as the next business day after your application has been processed and approved. You can request same-day funding up to 2:00 p.m. CST Monday – Friday by calling (833) 987-4837.^†

For loans processed on weekends or bank holidays, you will receive your funds as soon as the next business day (weekends and holidays are not considered a business day). Please verify with your bank as additional incoming fees may be applied.

To help the funding process go as quickly as possible, keep an eye out for your confirmation emails as they may contain important information about the status of your loan. If you don’t see your emails, check your spam folder.

There are many factors that go into determining loan amount eligibility. The loan amounts available to qualified borrowers range from $100 to $3,000.

Yes! River Valley Loans lends to people with all types of credit background.

To apply for a loan you need to be at least 18 years old, not be in a bankruptcy case, and able to provide your contact information, income, and checking account.

To qualify for a loan from River Valley Loans, you’ll need:

• A job or other regular source of income
• A checking account
• To be at least 18 years old

*Other requirements may apply.