FAQs


1. Why is an installment loan better than a payday loan?

An installment loan is a short-term, unsecured loan extended to borrowers. The interest rates are still relatively high, but not as high as most payday loans. The repayment is carried out over a predetermined amount of time and the loan is paid back in a series of payments, or installments these installments include both interest and principle.

2. How much can I borrow?

You can borrow up to $1000 unsecured.

3. How soon can I have it deposited?

It could be as early as today. Please ask your customer service representative if you qualify.

4. What do I need to apply and qualify for a loan?

You'll need a valid ID, source of consistent income and a checking account. We do not fund pre-paid cards.

5. Can I payoff my loan early?

Yes! And there are no prepayment penalties. Simply call our automated payment portal at 855-948-0313 anytime 24/7 and have your Loan ID available. You can find your Loan ID on your Loan Approval Letter email or by logging into your account through this website.

6. What if for some reason I am unable to make a payment?

Please call our customer service dept. to see if you qualify for a one time deferral of payment.

7. Does this get reported to the credit bureaus?

No we are income based and we do not report to the credit bureaus.

8. What are your rates and fees?

Fill out the online application. Once the application is completed you can call in or a CSR will be contacting you. The CSR will go through the verification process and normally a bank call is needed to verify income and to verify we have the right routing and account number to fund the loan to. The account on the application must be the account that your income goes into.

605 Lending
We look forward to working with you.

About Us

605lending.com is owned and operated by FSST Management Services, LLC, dba 605 Lending, a tribal lending entity wholly owned by the Flandreau Santee Sioux Tribe, a federally recognized Indian tribe that operates and makes loans within the Tribe's reservation. All loans are subject exclusively to the laws and jurisdiction of the Flandreau Santee Sioux Tribe. Carefully review the terms and conditions for more details.

Talk To Us

📞800-384-LEND
📧customerservice@605lending.com
🏢P.O. Box 305
Flandreau, SD 57028


Hours of Operation: M-F 7:30 AM CST to 5:00 PM CST.

Call us now! 833-605-LEND

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