Financial Plus Credit Union
No credit check, borrow up to $2,000, instant approval 24/7, and direct deposit. Great for those with qualifying direct deposits seeking quick cash relief!
The Ready Now Loan from Financial Plus Credit Union delivers a fast solution when you need cash in an emergency. It stands out for allowing you to borrow up to $2,000 with no credit check required. This product is available exclusively for credit union members who receive at least $500 in monthly qualifying direct deposits for three months.
Interest rates and loan terms are not specified on the provider’s information portal, so borrowers should consult the credit union directly for this information. However, a $25 processing fee applies and the maximum loan amount is the lesser of $2,000 or your monthly deposit. The process is entirely online, and funds are deposited right into your account within minutes.
How to Apply: Step-by-Step
- Log in to your digital banking account with Financial Plus Credit Union.
- Select “Buy Now, Pay Later + Ready Now” from the menu.
- Follow the prompts, complete your application, and get your funds instantly if approved.
Pros of the Ready Now Loan
If you have a less-than-perfect credit history, the lack of a credit check is a strong benefit and means fast access to funds. Approvals and disbursement are available any time, day or night, making it highly flexible for urgent needs.
Applications are simple, and funds arrive within minutes. The requirement of recurring direct deposit means only steady banking customers qualify, offering some stability.
Cons of the Ready Now Loan
You must be an existing Financial Plus Credit Union member and have qualifying direct deposits, so not everyone is eligible. The $25 application fee and unknown interest rate can be drawbacks, so check with the provider before applying.
Further, you can only have one Ready Now Loan at a time, and the maximum you can borrow is capped at $2,000 or your direct deposit amount, whichever is lower.
Verdict: Is Ready Now Loan Worth It?
For existing Financial Plus Credit Union members with regular direct deposits who need quick cash without a credit check, this is a convenient and fast emergency loan. Ensure you understand the cost and terms, and make sure it fits your financial needs before applying.