Golden Valley Lending is a tribal lending entity wholly owned and operated by the Habematolel Pomo of Upper Lake, California, which is a sovereign nation located within the United States of America, and is operating within the tribe’s reservation. Tribal loans are a payday loans alternative designed to help you meet short-term borrowing needs, such as for car repair, medical care for you or your family, travel expenses in connection with your job, or anything that requires cash quickly.
ABOUT TRIBAL LOANS
We offer borrowers fixed-term installment loans instead of traditional payday loans. With an installment loan, you agree that you will repay the loan amount together with interest in regular payments over a set duration. After approval, you will make simple bi-weekly payments, which decrease in size over time. An automated payment option is available to make repaying your loan more convenient.
Payments decrease during your loan term
Each of your payments will include the principal along with interest. By paying off a percentage of your principal with each payment, you reduce your principal balance along with the corresponding interest. This means that your payments will be successively smaller with every one that you make.
Golden Valley Lending is a tribal lending entity wholly owned and operated by the Habematolel Pomo of Upper Lake, California, which is a sovereign nation located within the United States of America and is operating within the tribe’s reservation. Tribal loans are a payday loans alternative designed to help you meet short-term borrowing needs, such as for car repair, medical care for you or your family, travel expenses in connection with your job, or anything that requires cash quickly.
We offer borrowers fixed-term installment loans instead of traditional payday loans. With an installment loan, you agree that you will repay the loan amount together with interest in regular payments over a set duration. After approval, you will make simple bi-weekly payments, which decrease in size over time. An automated payment option is available to make repaying your loan more convenient.
Payments decrease during your loan term
Each of your payments will include the principal along with interest. By paying off a percentage of your principal with each payment, you reduce your principal balance along with the corresponding interest. This means that your payments will be successively smaller with every one that you make.
Tribal loans vs Payday Loans
Payday loan agreements require borrowers to repay the entire loan amount plus interest on their next payday. If you are unable to pay off the entire loan by your next payday, new finance charges accrue and the principal is rolled over to your next payday. As a result, payday loans can become very expensive when borrowers are unable to repay them on-time, so they continue rolling over from payday to payday. This cycle can result in substantial finance fees. Unfortunately, payday loan finance fees are somewhat unavoidable because you do not pay the principal until the end of your loan, which is called a balloon payment. Therefore, because payday loan agreements often include a full finance charge in your final balloon payment, you don’t have the option of reducing your interest by paying off the loan early.
With our alternative loan option, you can enjoy the following benefits:
- A portion of principal paid with each payment
- Bi-weekly payments
- Loan terms that are easy to understand
- No prepayment penalties
- Safe and secure transaction
- No hidden fees
- Multiple payment options
- VIP customer discounts and promotions
How our process works
Once we verify and approve your application, you may receive your funds as early as the next business day if your loan is approved and verified before 4:30 p.m. Eastern Time, Monday through Friday. Your funds will be deposited directly into your bank account via a secured ACH transaction. When you apply, we look at other factors beyond your three-digit credit score.
If you are able to do so, you will be free to pay your loan off early without hidden fees or penalties. With 24/7 online account access, you can view your payment history and balance, or may a payment at any time.
The team at Golden Valley Lending is focused on helping borrowers secure the funds they need. We are transparent and work with our customers to help them wherever we can. Apply today and have your funds in your account as soon as tomorrow!
