Financial Plus Credit Union
Borrow up to $2,000 instantly with no credit check. Fast 24/7 approval, money direct to your account, and straightforward eligibility make this a top pick for emergencies.
Introducing the Ready Now Loan
The Ready Now Loan from Financial Plus Credit Union allows you to borrow up to $2,000 with no credit check required. Funds are typically deposited instantly into your account, available round-the-clock. The loan does not specify an annual percentage rate (APR) publicly, but there is a flat $25 processing fee. You must have had at least three months of direct deposits (totaling $500 per month) with the credit union to qualify.
This makes the Ready Now Loan a compelling option if you face urgent, unexpected expenses and cannot qualify elsewhere due to your credit history. Only one Ready Now Loan can be active per member, and the loan amount may not exceed your monthly direct deposit. Minimum borrowing is $500.
How to Apply: Step by Step
Getting your Ready Now Loan is straightforward. First, log in to your Financial Plus Credit Union digital banking account, available on desktop or via the mobile app.
Next, navigate to the “+Buy Now, Pay Later + Ready Now” section in the menu. Select the “Ready Now Loan” option.
Finally, follow the on-screen prompts to instantly complete your application and receive funds, with approval available 24/7.
The Pros: Fast and Accessible Funds
One clear strength of the Ready Now Loan is instant access to cash, regardless of credit history. This can be a lifeline in emergencies.
The digital application process is easy, with funds normally reaching your account just moments after approval. Applying can happen any time, any day.
The Cons: Limited Amounts and Availability
The biggest limitation: you’re capped at $2,000, or your average monthly deposit, whichever is lower. This can be restrictive for larger needs.
Additionally, you must be an established member with qualifying deposits. Newcomers won’t be able to access funds right away, so planning is essential.
Verdict: Is the Ready Now Loan Right for You?
If you need a fast, small loan without a credit check, and already have a history with Financial Plus Credit Union, this is an excellent option. The application is seamless, and approval is nearly instantaneous. However, if you require a larger loan or do not bank with FPCU, you may need to look elsewhere for funding.
