All In Credit Union
CashPlease® Payday Assistance Loan lets you borrow $200–$1,000 at a 28% APR for up to 6 months, with no credit check and fast funding.
The Payday Assistance Loan from All In Credit Union is designed to offer a smart and accessible alternative to expensive payday loans. With CashPlease®, you can borrow between $200 and $1,000 for up to six months, at a fixed 28% APR. Importantly, applicants are not subject to a credit report review, making it convenient for those needing fast approval. Typically, approved borrowers can have funds in their accounts within 15 minutes although the process can take longer during non-banking hours. A $20 application fee applies, though this is waived for applicants covered by the Military Lending Act.
How to Apply for the Payday Assistance Loan
To begin, ensure you are the primary owner of an eligible All In checking account in good standing.
Application for the Payday Assistance Loan can be done 24/7 through a simple online process.
After submitting your application and paying the $20 fee, you will know your approval status quickly and, if approved, funds may post in minutes.
There is no hard credit check, making this process accessible for those with various credit backgrounds.
Availability of funds may be delayed over weekends or holidays, but is generally prompt on regular business days.
Pros of the Payday Assistance Loan
One of the standout benefits is the 28% APR, which is markedly lower than traditional payday loan alternatives that may charge annual rates near 400%.
The no-credit-check requirement simplifies access, enabling more people to qualify, especially those with less than perfect credit.
Funds are typically available in your checking account almost instantly, providing quick relief in urgent situations.
The straightforward application, affordable rate, and clear loan terms all contribute to transparency and peace of mind.
Cons of the Payday Assistance Loan
Applicants must pay a $20 application fee regardless of approval, which may be a drawback for some.
Eligibility is restricted to primary owners of qualifying All In checking accounts, limiting access for new or non-account holders.
The loan maximum of $1,000 may not suit those needing larger sums for financial emergencies.
Applications outside banking hours may face delayed funding times, impacting urgent needs.
Verdict
Overall, the Payday Assistance Loan by All In Credit Union is a significant improvement over standard payday lenders. Its transparent terms, lower interest rate, and fast funding make it an attractive option for those seeking affordable and immediate financial help. For eligible All In account holders in need of short-term assistance, this loan offers great value and comfort over riskier alternatives.
