Frequently Asked Questions

What is an installment loan?

Our installment loans are designed to offer short-term financial relief that is best suited for unexpected emergencies. Our installment loans are paid back in fixed payments (or installments) that correspond to your pay frequency. The amount of these payments depends on several factors including the amount borrowed, APR, and the length of the term. Repayment terms can range from 3 to 12 months.

You can prepay your loan in full at any time or make additional payments without penalties.

Please click on "Rates" on the Homepage for additional disclosures

How do I qualify for an installment loan?

You must meet the following requirements in order to qualify for an installment loan:

You must be a U.S citizen.
You do NOT reside in AK, AR, CO, CT, DC, FL, HI, IL, MD, MA, MN, NC, NJ, NY, PA, SD, VT, VA, WI, WV, PR or VI.
You and your immediate family members are not active duty military or dependents thereof.
You must be at least 18 years of age or older.
You must have a consistent source of income. You must have an active checking account in your name that is at least 90 days old or older.

Can I get approved with bad credit?

It does not matter if you have bad credit or no credit at all. Installment loans are designed to help people in need of emergency cash. Buffalo Lake Lending understands that your credit may not be perfect. If you meet the eligibility requirements you may still qualify for an installment loan.

When will I know if I’ve been approved?

You will know if you’ve been approved or denied for an installment loan almost immediately after we process your application.

How much money can I get?

Our installment loans range from $200 to $2,000. The loan amount you qualify for will be based on various factors, including but not limited to, your ability to repay.

How long are the installment loan payment terms?

Payment terms range from 3 - 12 months.

Please click on "Rates" on the Homepage for additional disclosures

How do I apply for an installment loan?

You can apply online by entering your information using our online application.

What are my repayment options?

You can repay your loan in several ways. You can choose to repay via ACH, debit card, or check.

What if I can’t make my payment on my due date?

Please call us at (800) 835-1988 at least (3) three business days prior to your scheduled due date. A customer service representative will be able to review your options. Options may vary depending on loan status or situation.

If approved, is it too late to cancel my installment loan?

You may cancel your installment loan no later than 5PM CST on the next business day. Please refer to your signed copy of the consumer loan agreement for more information.

How can I reduce the overall cost of my loan?

You can make additional payments towards your loan to reduce your overall balance and pay your loan off early. You can also pay in full at any time without penalty. Buffalo Lake Lending encourages repayment as quickly as possible to save on finance fees.

What does it mean to do business with a Tribal company such as Buffalo Lake Lending?

Applicable federal and Tribal law will apply to your loan agreement. Please refer to your signed copy of the consumer loan agreement for more information.

Can I revoke my ACH authorization?

Yes, you can revoke your ACH authorization at any time. If you decide to do so, you must make a payment via certified or cashier’s check and it must be received by your due date. You must mail this payment to:

Buffalo Lake Lending
P.O. Box 254
Ft. Thompson, SD 57339