The Ready Now Loan offered by Financial Plus Credit Union is a short-term personal loan, perfect for those needing fast cash without the stress of a credit check. You can borrow up to $2,000, and approval is available instantly around the clock. To qualify, you need to be a member of Financial Plus and have at least $500 in monthly qualifying deposits for the past three months. The loan comes with a $25 processing fee added to the principal amount. The maximum loan amount cannot exceed $2,000 or your monthly direct deposit, whichever is lower.

How to Apply: Step by Step

• Log in to your Financial Plus Credit Union digital banking account.
• Select the Ready Now Loan option from the menu.
• Complete the application details and, once approved, receive cash instantly into your account.

The Advantages

This loan stands out for its no credit check policy, making it appealing to those with limited or poor credit history. The process is fast and digital, with funds arriving almost immediately after approval.

The ability to apply 24/7 means you don’t have to wait for branch hours, providing true financial flexibility. Additionally, repayment is straightforward.

The Disadvantages

There is a $25 processing fee, which can be significant for smaller loan amounts. Members must maintain an average monthly deposit of $500 for three months to qualify, which may be restrictive for some.

The maximum you can borrow is $2,000 or your monthly direct deposit, whichever is less. Only one Ready Now loan can be outstanding per member at a time.

Our Verdict

The Ready Now Loan by Financial Plus Credit Union is a convenient and accessible option for members dealing with urgent expenses and who meet the deposit requirements. Its instant approval and no credit check offer real advantages, especially for those needing quick funding solutions and preferring a fully online application process.