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When a Grand Loan request is approved, we will notify the member at their primary email address, and the funds will be deposited into their RiverLand account. If a request is incomplete or denied, we will notify the member by both email and direct mail with the reason. Grand Loan processing can take anywhere from 1 to 7 business days depending on the volume of requests received.
The Grand Loan payment amounts are set based on your payment frequency, which is usually determined by your payroll direct deposit.
- Monthly, 12 payments of $90.82
- Semi-Monthly, 24 payments of $45.26
- Bi-Weekly, 26 payments of $41.79
- Weekly, 52 payments of $20.93
Payment amounts are accurate as of our 2024 Grand Loan season. They assume a full $1,000 loan with 14.95% APR (Annual Percentage Rate) and a 12-month term. Please, refer to your Loan Disclosure Statement for your exact payment amounts based on your situation and terms.
The Grand Loan Request Fee is a $35 non-refundable fee and must be paid when the loan request form is submitted.
Our Grand Loan is offered from October to December 15th each year. The exact start date changes, but it is typically early October.
Because the federal government requires that each of the three national credit-reporting agencies—Experian, Equifax, and TransUnion—gives you a free credit report every year, consider staggering the receipt of each of your credit reports. That way, you'll get a continuous picture of how your credit picture looks, because the three bureaus feed each other the latest information. You’ll also be able to clean up errors as you find them (because errors can drag down a credit score) and you'll also keep an eye on identity theft.
To get a free copy of your credit report, visit AnnualCreditReport.com.
The federal government requires that each of the three national credit-reporting agencies—Experian, Equifax, and TransUnion—gives you a free credit report every year. You can request a free copy of your credit report by visiting AnnualCreditReport.com.
According to the Federal Trade Commission, the only authorized online source is at annualcreditreport.com. Consumers should be aware that there are many sites out there that claim to offer “free” credit reports but often charge you for another product if you accept the report.
To request your credit report by phone, call (877) 322–8228. To request your credit report by mail, write to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. Do not contact the individual credit-reporting agencies.