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All In Credit Union
Quick loans from $200 to $1,000. Low APR of 28%, no credit check, funds in minutes. Simple online process. Ideal for urgent needs.
The Payday Assistance Loan from All In Credit Union is designed for individuals looking for fast, small-dollar funding. You can apply for amounts ranging from $200 to $1,000, with an Annual Percentage Rate (APR) of just 28%. The loan term is six months, and no credit report is required. Approval is simple, and if your application is accepted, the money arrives in your bank account—usually within 15 minutes. There is a $20 application fee, but military applicants under the Military Lending Act do not pay this fee.
How to Apply Step by Step
- Confirm eligibility and ensure your checking account is in good standing.
- Complete the online application with basic personal and financial details.
- Submit the application and pay the $20 fee.
- Await approval; a credit check is not required.
- If approved, receive funds quickly in your account, often within minutes.
Pros of the Payday Assistance Loan
This loan offers a genuine alternative to high-interest payday lenders, providing more reasonable rates and fees. The 28% APR is far less than the national average for payday advances, many of which exceed 300% APR.
It’s quick and easy, too—the entire process happens online, and there’s no hard credit pull, which is a relief for those with limited credit history.
Cons of the Payday Assistance Loan
Despite low rates, there’s a non-refundable $20 application fee, regardless of whether your loan is approved or not. This can add up for repeat users.
Additionally, funds may take up to 24 hours to be available, especially on weekends or holidays. Also, not all account types are eligible, narrowing accessibility slightly.
Final Verdict
Overall, All In Credit Union’s Payday Assistance Loan represents a responsible short-term borrowing option. Its competitive rates, quick funding, and no credit check make it an excellent alternative to traditional payday loans.
However, consider the flat application fee and double-check your account’s eligibility before applying. If you qualify, this loan can help you manage urgent cash needs effectively.