Ready Now Loan by Financial Plus Credit Union is designed for those who need fast access to cash with minimal hassle. The distinguishing feature is its no credit check approval process and instant funding. Eligible members can borrow up to $2,000 and receive funds almost immediately, making it an attractive solution for urgent expenses.

There is a $25 processing fee, and the loan amount depends on monthly direct deposits, with a minimum of $500 required. Members must have had qualifying deposits of at least $500 per month for the last three months and be in good standing with the credit union.

How to Apply: Quick Steps

• Login to your Financial Plus digital banking account
• Select “Buy Now, Pay Later + Ready Now” from the menu
• Follow the prompts and submit your application
• Upon approval, receive your funds instantly in your account

Pros of the Ready Now Loan

One major advantage is that applicants do not undergo a credit check, making it inclusive for those with less-than-perfect credit histories. The application process is straightforward and can be completed at any time via online banking.

Additionally, instant funding means you don’t have to wait days for your cash. Funds are deposited within moments of approval, which is ideal in time-sensitive situations.

Cons of the Ready Now Loan

On the downside, you must be an existing member with three months of direct deposit history at Financial Plus Credit Union. Newer members or those without qualifying deposits won’t qualify.

Another consideration is the $25 processing fee and one-loan-at-a-time restriction. Loan amounts are also limited to your monthly direct deposit or $2,000, whichever is less.

Verdict: Is the Ready Now Loan Right For You?

If you’re an FPCU member who needs quick funds without a credit inquiry, Ready Now Loan is a practical choice. It streamlines borrowing for emergencies and provides a frictionless, digital experience.

However, it’s crucial to ensure you meet membership and deposit requirements. As with any financial product, weigh the benefits against your needs to determine if Ready Now Loan is the right fit.