Sometimes big purchases can’t wait. When you need funds quickly, Greater Nevada Credit Union has eligible members covered with Right Now Loans™: a payday loan alternative with no credit checks and immediate approval and funding.
Payday Alternative Loans
Fast Funds with Right Now Loans™
What’s a Right Now Loan™?
Right Now Loans™ are available for Greater Nevada members who are at least 18 years old, have been a member for at least 90 days, and in need of funds quickly. With no credit checks and no waiting period, they’re convenient options for life’s unexpected expenses: major car repairs, urgent vet visits, and untimely urgent medical care to name only a few scenarios.
Unlike most loans, no credit check is required for Right Now Loans™, because they’re based on the banking relationships the member has with us. Apply quickly and easily, get the funds deposited directly to your account with us, and use the money as you see fit.
Eligible members of our credit union can apply to borrow up to $2,000 if they are 18 years old and have been a member for at least 90 days.
Right Now Loans™ have a fixed annual percentage rate (APR) of 28.00%, which is well below the average payday loan rate.1 See a comparison just below.
When you borrow, you’ll have up to 6 months to repay loan amounts between $200 to $1,000, and up to 12 months for loan amounts between $1,001 to $2,000.
No credit report pull required to get your credit score (and no hold-ups when timing is everything).
If approved, we’ll deposit your funds immediately into your Greater Nevada account.
The average payday loan comes with a $75 fee. Right Now Loans™ come with a $25 processing fees for loan amounts between $200 to $1,000, and a $40 processing fee for loan amounts between $1,001 to $2,000.
Is a Right Now Loan™ a Good Alternative to a Payday Loan?
Greater Nevada members get the better deal when they opt for a Right Now Loan™. These quick and easy financing options offer a lot of advantages over traditional payday loans:
Based on a $500 Loan
6-Month Repayment Period
$25 Loan Fee
Based on a $500 Loan
2-Week Repayment Period3
$75 Loan Fee4
Apply for a Right Now Loan™
If you’re already a member of Greater Nevada, just sign into Digital Banking, click “Right Now Loan” in the main menu, and follow the steps to submit your application.
Simple Loan Calculator
Learn more about loans and plan ahead for what you’re planning to borrow by running test scenarios with our easy-to-use loan calculator–just input the interest rate, total loan amount, and term.
More Ways to Borrow
Right Now Loans™ aren’t the only financing options available to members of our credit union. Explore more ways to borrow and Live Greater!
Our competitive rates and flexible terms may be able to help you afford the things you need and consolidate bills — or anything else you need to borrow money for.
Personal Lines of Credit
A personal line of credit (PLOC) gives you quick and easy access to funds whenever you need them, as you need them.
Simplify your approach to debt–especially multiple sources–with options to consolidate debt with Greater Nevada.
Loans for Bad Credit
Less-than-perfect credit can interfere with your financial wellness. Start rebuilding that credit, one payment at a time, right here.
1 Right Now Loan™ applications are subject to review of eligibility and approval. The Annual Percentage Rate (APR) for a Right Now Loan™ is 28.00% as of July 25, 2022, and is a fixed rate for the duration of the loan. Payment example: A Right Now Loan™ of $1,001 financed at 28.00% APR for 12 months equals a payment of $96.60 per month. Other terms, payments, and loan amounts are available. The minimum loan amount is $200, and the maximum loan amount is $2,000. Eligible members must be at least 18 years old and have been a member with the credit union a minimum of 90 days. No minimum credit score required. If approved, a $25 Application Processing Fee will be incurred for loans from $200 to $1,000, and a $40 Application Processing Fee for loans from $1,001 to $2,000. Please view the terms of your GNCU Account Disclosure. If your Right Now Loan™ payment is 11 or more days late, then there is a Late Payment Fee of 5% of the payment due. Applying for a Right Now Loan™ is not available in branches; it is only available through Greater Nevada Digital Banking.
4 Based on 15% origination fee.