They grant loans of up to to consumers $2,500, but this amount is limited to $1,475 if it’s your first time doing business with Blue Trust Loans. APR’s range from 471.7846% to 841.4532% with a repayment period of 6 months. (The latter could be longer for more established customers).

You should also know that no prepayment penalties apply. So if you decide to pay the loan off early, you won’t incur any penalties or fees for doing so. However, loan origination fees may apply.

As mentioned earlier, becoming a customer of Blue Trust Loans automatically enrolls you in the Blue Rewards Program. This means you’ll instantly become eligible for higher loan amounts, lower rates, and more time to repay your loan.

The following are the minimum criteria you should meet to qualify for funding through Blue Trust Loans:

• 18 years of age or older
• Be a U.S. resident
• Meet the minimum income requirements (income will be verified)
• Have an active checking account (minimum opening periods apply)
• Not currently involved in bankruptcy proceedings or planning to file for bankruptcy

You can submit an online application when you’re ready to move forward. It contains three sections:

• Personal information: you’ll need to provide your name, email address, phone number(s), and date of birth. The lender also requests that you indicate the requested loan amount.
• Income information: you’ll need to provide the frequency of your paychecks, how you’re paid, and indicate if you’re planning to file or have already filed for bankruptcy. Blue Trust Loans also requires you to indicate your primary source of income, employer name and contact number (if applicable), the amount you’re paid per pay period, and your next two paydays.
• Banking information: you’ll need to provide your routing and account number. This information is needed to ensure funds are routed to the correct account. Blue Trust Loans also requires that you specify the way in which you’d like to remit payment, either by credit card or ETF (electronic funds transfer).

Prepare beforehand to provide pay stubs or other documentation to prove your income.

Once you’ve entered all this information, select “Next Step” to be directed to a screen that lets you know whether or not you were approved. If you are approved, you’ll review your loan offer and sign electronically directly from the dashboard. You will also be provided information on where to send any supporting documentation the loan processing department may need to finalize the loan.

The final step is a call from a member of the Blue Trust Loans team. They will review the application with you, ensure the entries are accurate and answer any questions you may have regarding the loan terms. But if you’re in a hurry, you can call the customer service team any time of the day or night, Monday through Sunday, to expedite the process.

As long as you’ve completed the application correctly and submitted any requested documentation by the daily cutoff period, funds should be in your account by the next business day.