The All In Credit Union Payday Assistance Loan offers an alternative to expensive payday lenders for those who need cash quickly. This loan provides borrowers with amounts between $200 and $1,000, featuring a fixed annual percentage rate (APR) of 28%. The loan term is set at six months, and, notably, there’s no credit check required. Just pay a $20 application fee unless covered under the Military Lending Act. Most applicants see funds deposited within minutes, making this an attractive, fast solution compared to traditional payday loans which often have interest rates up to 391% APR and higher fees.

How to Apply

1. Ensure you are the primary owner of an eligible All In Credit Union checking account in good standing.

2. Visit the loan application page and start the online form. You can apply at any time, as their process is available 24/7.

3. Fill in your details and submit the application. There is no credit report review, making it accessible for many customers.

4. Pay the $20 application fee when prompted, unless you qualify for an exemption under the Military Lending Act.

5. If approved, funds are deposited directly in your account, usually within minutes, or within 24 hours if outside business hours.

Pros of the Loan

This loan stands out for its competitive 28% APR, which is much lower than typical payday lenders. Funds are delivered rapidly once approved.

Application is available around the clock, making it convenient for urgent cash needs. There’s also no credit score barrier to worry about.

Cons of the Loan

The $20 application fee applies even if you don’t accept the loan or are denied, which may feel steep for smaller loan amounts.

Additionally, the loan is only available to All In Credit Union checking account holders in good standing, limiting access for some borrowers.

Verdict

If you need short-term funds and want to avoid the exorbitant costs and high APRs of typical payday lenders, the All In Credit Union Payday Assistance Loan is a solid, responsible choice for members. Just watch the $20 fee and ensure you meet eligibility requirements.