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Our Grand Loan is offered from October to December 15th each year. The exact start date changes, but it is typically early October.
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.
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