InstaCash Life Event Loan

When life happens, we're here for you.
Whether you need a little extra cash for groceries, an emergency car repair, or anything in between, our InstaCash Life Event Loan can help.

Apply Now

INSTACASH LIFE EVENT LOAN FEATURES

Here's what you can expect.

 

  EFFICIENT 

Apply in just six clicks in 60 seconds.

 

  FAST 

Receive immediate automatic funding with no underwriting required.

 

  FLEXIBLE 

No credit score is required. Plus, it helps build good credit!

 

  CONVENIENT 

Enjoy contactless, self-service 24/7/365!


INSTACASH LIFE EVENT LOAN DETAILS

Here's how it works.

Eligibility

Must be a member for at least six months
Must have a direct deposit of $500 or more monthly for at least 60 days
Must be the primary account holder and at least 18 years old
Must not have a current InstaCash loan active

Terms

Members can qualify for loan amounts between $200 - $2,000.
Terms range between three and 12 months depending on the loan amount.
All InstaCash loans have a 28% interest rate.
Each application has a $20 non-refundable fee.

INSTACASH LIFE EVENT LOAN INSTRUCTIONS

Here's how to get started.

 

Log into Digital Banking.
Log In

 

Select InstaCash from the Loan Center menu.

 

Review the terms and submit your application.

FREQUENTLY ASKED QUESTIONS

Here are some answers.

  • This lending product allows us to help our members get affordable small dollar loans INSTAntly! These are a more affordable alternative for members who use payday loans.

    • Contactless, self-service
    • Available 24/7/365
    • Only six clicks in 60 seconds
    • No credit score required
    • Immediate automatic funding and no underwriting required
    • Builds good credit


  • You can find the application in Digital Banking under the Loan Center menu.

  • There is a $20 application fee every time, even if denied. Regulations state that fees will not be taken from the loan proceeds. Fees are taken at time of application.

    • Must be a member for at least six months
    • Must have a direct deposit of $500 or more montly for at least 60 days
    • Must have an active account with no charge-offs, negative balances (excluding Courtesy Pay), delinquincies, or negative warning codes


  • You can qualify for loan amounts between $200-$2000. The decision engine determines the amount of the approval.

  • Terms range between three and 12 months depending on the loan amount. You may choose your payment frequency and due date within 30 days of the loan date.

  • No, you may make extra payments if desired, but loan terms cannot be changed.

  • All InstaCash loans will have a 28% interest rate. While this may seem high, according to the Center for Responsible Lending, the average payday loan rate in Tennessee is 460%.

  • No, InstaCash loans are only available to the primary member.

  • Simple interest is calculated daily based on the balance.

  • Yes, InstaCash loans will report to the credit bureau.

  • No, these loans are not eligible for Common Sense Protection.

  • No, these loans are not eligible for Skip-A-Payment.

  • You may only have one InstaCash loan at a time. The current loan must be paid in full before a new loan can be approved. If you apply for a second loan, the application fee will be charged, and you will be denied. You will receive a warning about this in the application process.

  • By regulation, you may only have three InstaCash loans in a six-month period.

  • No, you can reapply at any time. However, you are limited to three InstaCash loans in a six-month period.

  • Yes, by default, InstaCash loans are setup for automatic payments during the application process. You may request an alternative payment method.


RESOURCES

Need additional help?





Open An Account Online

Open your account within five minutes.

Open Now






Video Banking

Open your account with a video consultant.

Start Video Banking






Branch Locations

We'd love to see you.

See Locations