At Post Community Credit Union, we strive to keep up with the times and do our best to meet the changing needs and expectations of our members. We understand that emergency expenses can sometimes take you by surprise and call for urgent action. Luckily, we’re here to lend you a helping hand by being as close as your phone or laptop is. Our small payday loans are available online to help you keep back on track as fast and easily as possible.
TERMS, CONDITIONS, & FEES
- Maximum loan amount: $1,000
- Repayment term: up to 30 days
- Interest rate: varies based on creditworthiness and ranges from 15% to 25%
- Late payment fee: 5% of the payment amount or $25, whichever is greater
- Origination fee: none
- Prepayment penalty: none
- NSF fee: $30
- Collateral: no collateral is required
Note:
- You may only have one Small Payday Loan Online with Post Community Credit Union at a time.
- You must repay your Small Payday Loan Online in full before applying for another one.
- Failure to repay your Small Payday Loan Online may result in legal action and damage to your credit score.
- Small Payday Loans Online are not intended to be a long-term financial solution and should only be used for short-term needs.
If you have any further questions, please don’t hesitate to contact us.
REPRESENTATIVE EXAMPLES
| Loan Amount | Repayment Term | Fees | Total Cost | AP |
| $100 | 14 days | $25 | $125 | 651.78% |
| $200 | 14 days | $50 | $250 | 651.78% |
| $300 | 14 days | $60 | $360 | 521.42% |
| $400 | 14 days | $80 | $480 | 521.42% |
| $500 | 14 days | $100 | $600 | 521.42% |
| $600 | 30 days | $90 | $690 | 182.5% |
| $700 | 30 days | $105 | $805 | 182.5% |
| $800 | 30 days | $120 | $920 | 182.5% |
| $900 | 30 days | $135 | $1,035 | 182.5% |
| $1,000 | 30 days | $150 | $1,150 | 182.5% |
Please note that an APR represents the cost of a loan for annual use, while payday loan terms usually don’t exceed 30 days. These calculations are approximate and may vary depending on the exact number of days of the repayment period and a borrower’s credit score.
WHO IS ELIGIBLE FOR SMALL PAYDAY LOANS ONLINE
Members of Post Community Credit Union in good standing can get small payday loans online if they meet the following criteria:
- Reach the age of majority
- Have a valid identification
- Have an active checking account in their name
- Can provide proof of income
- A minimum credit score of 550
APPLICATION STEPS
We strive to make the whole process simple and fast. Just follow these steps to get a small payday loan from the comfort of your home:
Step 1: Log in to your online banking account and click on the “Payday Loan” tab.
Step 2: Select the amount you wish to borrow and the repayment term.
Step 3: Provide your proof of income and identification.
Step 4: Submit your application.
Step 5: Get a loan decision.
Step 6: If approved, the funds will be deposited directly into your checking account within 24 hours.