How much money can I borrow in Alabama with Lending Bear?

The maximum amount for an Alabama payday loan is $500. The maximum amount for an installment loan is $1,000. The maximum amount for an Alabama title loan is $10,000. Lending Bear uses the Alabama state database to determine eligibility for payday loans and installment loans.

What is the term of payday loans in Alabama?

Payday loans in Alabama must fall between 10 and 31 days in duration. Installment loans range from 4-6 months in duration with Lending Bear. Title loan transactions are set up for 30 days in duration.

Can I renew my Alabama payday loan?

An Alabama payday loan is due in full on the maturity date. A title loan is due in full on the maturity date. You may obtain another loan once the current loan is paid in full.

How do I repay my Alabama installment loan?

An Alabama installment loan breaks the total finance charges into smaller, monthly payments, to be paid over a longer timeframe versus a payday loan.

How can I report issues with a store to the Lending Bear Corporate Office?

You can call the Lending Bear Complaint Hotline 24 hours a day at 855-782-2273. Your identity will be kept confidential.

How can I report issues with a store to the Lending Bear Corporate Office?

You can call the Lending Bear Complaint Hotline 24 hours a day at 855-782-2273. Your identity will be kept confidential.

How can I report issues with Lending Bear to the State or Federal Government?

Alabama State Banking Department 401 Adams Avenue Montgomery, AL 36103 Phone: 334-242-3452 Click here to visit – http://www.bank.state.al.us/ Consumer Financial Protection Bureau Click here to visit – http://www.consumerfinance.gov/complaint/

Louisiana Rates & Terms

Lending Bear is a state-licensed provider of Louisiana payday loans. Because we are licensed by the state, you can be certain that our practices are ethical, fair, and responsible.

ALABAMA PAYDAY LOAN RATES AND TERMS

$100
$200
$300
$400
$500

$17.50
$35.00
$52.50
$70.00
$87.50

$117.50
$235.00
$352.50
$470.00
$587.50

456.25%
456.25%
456.25%
456.25%
456.25%

Louisiana Payday Loan Rates and Terms

$100
$150
$200
$250
$300

$128
$187
$246
$305
$355

730.00%
643.10%
599.65%
573.57%
477.98%

ALABAMA TITLE LOAN RATES AND TERMS

$500
$1000
$1500
$2000
$3000

$125.00
$250.00
$375.00
$500.00
$750.00

$625.00
$1250.00
$1875.00
$2500.00
$3750.00

304.17%
304.17%
304.17%
304.17%
304.17%

FREQUENTLY ASKED QUESTIONS

How much can I borrow with Lending Bear in Louisiana?

Minimum loan is $100 and the maximum loan is $300.

Can I renew my loan?

The loan is due in full on the maturity date. You may obtain another loan once the current loan is paid in full.

What is the Extended Payment Plan?

IF YOU CANNOT MAKE PAYMENT WHEN DUE, YOU CAN ASK TO ENTER INTO AN EXTENDED PAYMENT PLAN ONCE IN A TWELVE-MONTH PERIOD, BUT THE REQUEST MUST BE MADE BEFORE THE PAYMENT IS DUE. REQUESTS MAY BE MADE BY PHONE, BY EMAIL, OR FACSIMILE, (LENDING BEAR, P: 855-285-5700, ONLINE@LENDINGBEAR.COM, F: 904-260-2285). SHOULD YOUR LENDER (LENDING BEAR) REFUSE TO ENTER INTO AN EXTENDED PAYMENT PLAN UPON YOUR REQUEST BEFORE THE DUE DATE, CONTACT THE OFFICE OF FINANCIAL INSTITUTIONS AT 1-888-525-9414.

Can I pay my loan off early?

If the loan is paid within the first 5 days of the term of the loan, Lending Bear will refund the total finance charge, less $20, which is earned at the time of loan.

What if my payment returns?

In the event that your check, ACH, or remotely created check is returned from your financial institution for any reason, you agree to pay us an NSF fee of $25.

How can I report issues with Lending Bear to the State?

Office of Financial Institutions

P.O. Box 94095

Baton Rouge, LA 70804

888-525-9414

complaints@ofi.la.gov