Unlock Financial Freedom with Instant Cash Loans! Discover the advantages designed to make your life easier and more convenient.
When unexpected costs like car and home repairs or pet emergencies arise, Instant Cash Loans are the ideal financial solution. Instant Cash Loans can also be used for tax relief, back-to-school expenses, holiday shopping, and vacations.
Benefits of an Instant Cash Loan include:
- Instant access to funds
- No credit check is required
- Convenient application process
- Loan amounts ranging from $300.00- $3,000.00
- A decision in less than 60 seconds
- Proceeds will be deposited instantly into your account
- Allows you to build or repair credit
- Loan amount is determined by member relationship - each person will be different
Instant Cash Loans Available:
Loan Type |
Minimum Loan Amount |
Maximum Loan Amount |
Interest Rate |
Terms |
Eligibility |
Application Fee |
| TRUE QUICK CASH | $500 | $3,000 | 22% | Up to 24 Months | Membership with TRUE 6+ Months | $35 |
| HOLIDAY | $300 | $1,500 | 18% | 12 Months | Membership with TRUE 3+ Months | $35 |
Apply within Digital Banking
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How do Instant Cash Loans work?
Instant cash Loans are only available via digital banking! To apply, log in to Digital Banking and select Open Shares and Loans.
Our Instant cash Loans are based on your relationship with TRUE Community Credit Union, not your credit score!
When you apply, the underwriting is automatic! We call it Instant cash Loans for a reason; you will know if you are approved, and the cash will be deposited into your account in less than 60 seconds.
Instant cash Loans are only available via Digital Banking
This product is NOT available in-branch, phone, or website requests.
What is the maximum amount I can borrow?
Loan amounts range from $300.00 to $3,000.00.
Are there any fees or restrictions?
Fees
- Yes, There is an application fee.
- The application fee is non-refundable.
- The fee is assessed at the time of application and charged to your TRUE Community Credit Union account regardless of whether the loan is approved, denied or declined.
Restrictions
- Applicants must be a member of TRUE Community Credit Union*
- Members must apply using digital banking (no in-branch requests, no website requests)
- Must have reoccurring direct deposit of pay or other benefits.
- Must be 18 years or older
- One Instant cash Loan at a time
* For a TRUE QUICK CASH Loan, applicants must be a member for six months.
How is the loan evaluated for approval?
When evaluating your application, a loan decision takes into consideration your membership, including factors such as payment history and deposit activity. You must also be 18 years or older and the primary member to qualify. Unfortunately, this is not available to joint account holders.
We will review the following:
- How long have you been a member of TRUE Community Credit Union
- How many electronic transactions do you have
- Review of payment history
To improve your membership standing, you can do things like:
- Use TRUE Community Credit Union as your primary financial institution and have your pay or other benefits direct deposited into your account.
- Use your account regularly for daily purchases.
- Stay up to date on your loan payments.
- Avoid excessive overdrafts to your account.
Can I have more than one loan at a time?
No. Members are only allowed one Instant Cash loan at a time.
How will I receive my loan proceeds?
If approved, your loan will be deposited into the account you designated during the application process.
Can I fund my loan in a branch?
No. If approved, proceeds must be deposited into your account at the time of the application.
How do my payments work?
Upon approval, automatic payments are set up for you.
When your loan is approved, you will be prompted to select a due date and automatic monthly payment pre-authorization.
Depending on the due date selected, the first payment date may be no more than 45 days from funding. The automatic payments will be taken out of the same account the loan amount was deposited into. If the loan payment is not made within the grace period (15 days), a late payment fee may be assessed.
Requirements and Eligibility
- Must be a member of TRUE Community Credit Union*
- Must have reoccurring direct deposit of pay or other benefits
- Must be 18 years or older
- No credit check or minimum credit score
- Payments are drafted monthly from the account receiving the loan proceeds and on the date selected at the time of application
- Application fee**
- Only allowed one Instant Cash loan at a time***
* For a TRUE QUICK CASH Loan, applicants must be a member for six months.
**Application Fee will be collected at the time of the application from your TRUE Community Credit Union account and must be available funds. The fee will be collected regardless of the loan decision.
***Subject to eligibility and approval
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