What Is the Ready Now Loan?

The Ready Now Loan from Financial Plus Credit Union is designed for those who need cash urgently. You can borrow up to $2,000 with no credit check required, making it accessible for a wide range of applicants regardless of your credit history.

One standout feature is instant 24/7 approval through digital banking. Once approved, funds are deposited directly into your account, typically within minutes, so you can quickly handle unexpected expenses.

To qualify, you must be a member of Financial Plus Credit Union and show qualifying direct deposits averaging over $500 monthly for the last three months. There is a $25 processing fee, and the minimum loan amount is $500.

It’s important to note that only one Ready Now Loan can be active per member at a time. The maximum loan is $2,000 or the amount of a single monthly direct deposit, whichever is less.

This loan aims to provide a straightforward way to manage emergencies or short-term financial needs without the demographic barriers often posed by traditional personal loans.

How To Apply: Step By Step

Applying for the Ready Now Loan is simple. First, log into your Financial Plus Credit Union digital banking account. Navigate to the “Buy Now, Pay Later + Ready Now” section in the menu.

Next, select the Ready Now Loan option and follow the on-screen instructions. You will enter the amount needed and complete a quick application form.

Once submitted, approval decisions are instant, available 24/7. If eligible, the requested amount is directly deposited into your account almost immediately.

Digital banking makes it possible to apply securely from your phone or computer at any hour, so help is never out of reach.

This quick and user-friendly process is ideal for members who value convenience and speed during emergencies.

Key Pros of the Ready Now Loan

A significant advantage of this loan is the no credit check requirement, which is rare for emergency or short-term loans. This aspect opens up access to more individuals, including those with less-than-perfect credit.

Additionally, the application and approval process is fast and fully digital, allowing funds to be disbursed at any time, day or night. This flexibility is a strong positive feature for urgent financial needs.

Main Cons of the Ready Now Loan

A $25 processing fee applies to all Ready Now Loans, which slightly reduces the net amount you receive compared to your original request.

Loan amounts are capped at $2,000, or the average monthly qualifying direct deposit, which may not be enough for larger expenses. Only one loan can be active per member.

Verdict: Is the Ready Now Loan Right For You?

The Ready Now Loan from Financial Plus Credit Union is an excellent option for those who need a moderate sum of money quickly and don’t want to worry about a credit check. The speed and simplicity of the digital application process stand out.

However, consider the loan cap and processing fee before applying. Overall, it’s a worthwhile emergency funding option for qualified credit union members who meet the direct deposit criteria.