Find Your Rate

Online Installment Loans from Otter Lending, Inc. are an expensive form of borrowing. You can save finance charges by paying off your loan early either in part or in full. Your loan is designed to assist you in meeting your short-term cash needs. It is not a solution for longer term financial problems. Non-profit credit counseling services are available in your community for consumers experiencing financial problems.

Loan Agreement

Prior to loan closing and funding, you will be provided with a loan agreement specific to your loan which will include a schedule of payments, APR (Annual Percentage Rate) and other terms and conditions.

Fee Summary

The finance charge applied to your loan will be clearly disclosed, both in terms of dollar amount of interest and APR (Annual Percentage Rate) on your loan agreement. We provide accurate and comprehensive rate and fee disclosures on your loan agreement in accordance with the Truth in Lending Act and other regulations.

Fee Example

The below table is a sample amortization table for our installment loans, so you can see how rates and interest might be applied to your loan.

The sample amortization table below assumes a bi-weekly payment schedule, a $1,000 loan amount, and 14 days from the effective date of the loan to the first scheduled due date. Your schedule of payments, number of payments, finance fees, total payments and annual percentage rate may be different depending on several factors including your loan program, your pay date frequency, your loan amount, your choice on the loan disbursement option, the date of the loan and whether you choose to prepay the loan. Prior to loan closing and funding, you will be provided with a schedule of payments based upon your specific loan. APR (Annual Percentage Rate) and other terms will also be provided to you prior to loan closing and funding. Disclosures will be made according to the Truth in Lending Act guidelines.

SAMPLE 12-Month Installment Loan Schedule

Loan Amount Effective Date Number of Payments Total Finance Fees Total Principal Payments Total Payments Annual Percentage Rate
$1,000.00 02/06/2023 26 $6,155.82 $1,000.00 $7,155.82 777.85%
Scheduled Payment Number Scheduled Due Date Scheduled Total Payment Due
1 02/15/2023 $274.87
2 03/01/2023 $274.87
3 03/15/2023 $274.87
4 03/29/2023 $274.87
5 04/12/2023 $274.87
6 04/26/2023 $274.87
7 05/10/2023 $274.87
8 05/24/2023 $274.87
9 06/07/2023 $274.87
10 06/21/2023 $274.87
11 07/05/2023 $274.87
12 07/19/2023 $274.87
13 08/02/2023 $274.87
14 08/16/2023 $274.87
15 08/30/2023 $274.87
16 09/13/2023 $274.87
17 09/27/2023 $274.87
18 10/11/2023 $274.87
19 10/25/2023 $274.87
20 11/08/2023 $274.87
21 11/22/2023 $274.87
22 12/06/2023 $274.87
23 12/20/2023 $274.87
24 01/03/2024 $274.87
25 01/17/2024 $274.87
26 01/31/2024 $284.07


To minimize the total cost of your loan, we strongly recommend taking steps to either pay off your loan in-full or to pay as much as possible, as soon as possible, in order to reduce the finance fees charged to you. Remember – There are no prepayment penalties.

Funding Timeframes

Applications processed and approved by 2:00 PM (CST) on business days Monday through Friday are typically funded on the next business day. Applications received after 2:00 PM (CST) may take two (2) business days to fund. In either case, your bank may add additional time for funds to clear and be made available to your bank account. Check with your bank for its transfer timeframes.

Generally, Otter Lending, Inc. funds loans through Automated Clearing House (ACH) electronic payments. We may also disburse your loan proceeds to you by debit card and same day funding. While certain conditions apply, you may also receive disbursement of your loan by paper check delivered to you in the mail.

Collection and Use of Bank Account Information

If we extend credit to a consumer, we will consider the bank account information provided by the consumer as eligible for us to process payments against. In addition, as part of our information collection process, we may detect additional bank accounts under the ownership of the consumer. We will consider these additional accounts to be a part of the application process for underwriting and verification purposes only. We always obtain prior separate customer authorization before debiting any customer bank account as a potential payment option.

We verify applicants' credit information using national databases. You can complete the loan process by creating an account and submitting your application online.

**Otter Lending, Inc.’s loans are usually funded by Automated Clearing House (ACH) electronic crediting directly to your bank account. ACH transfers that are completed by 2:00 pm CST will usually be available the next business day. Unavoidable delays that occur as a result of bank holidays, the processing schedule of your individual bank, inadvertent processing errors, "acts of God", and/or "acts of terror " may extend the time for the deposit and may cause a change in the Disbursement Date.

Otter Lending, Inc. is a Native American business owned and operated by the Tribe, a federally recognized sovereign Indian nation (the "Tribe") that adheres to federal consumer financial protection laws and operates within the boundaries of the Tribe's reservation. Otter Lending, Inc. abides by all applicable federal laws, regulations, and tribal law as established by the Tribe.

This is an expensive form of borrowing. Otter Lending, Inc. Installment Loans are designed to assist you in meeting your short-term borrowing needs and are not intended to be a long term financial solution. Otter Lending, Inc. never charges any prepayment penalties on partial or complete repayments. Prompt repayment of your loan will reduce the costs associated with borrowing and is strongly recommended by Otter Lending, Inc..

Credit products obtained through this website are not available to residents of all states and state availability may change from time to time without notice. Currently, residents of Alabama,Arkansas,Connecticut,Georgia,Illinois,Indiana,Maine,Maryland,Massachusetts,Minnesota,New York,North Carolina,Pennsylvania,South Carolina,Vermont,Virginia,West Virginia,District of Columbia,New Jersey,Wisconsin are not eligible for a loan from Otter Lending, Inc.