Our site uses cookies to improve functionality, browsing experiences, and personalization. By continuing on our website, you indicate your consent. Our Privacy Policy exhibits how we are committed to protecting your personal information.
The following navigation utilizes arrow, enter, escape, and space bar key commands. Left and right arrows move across top level links and expand / close menus in sub levels. Up and Down arrows will open main level menus and toggle through sub tier links. Enter and space open menus and escape closes them as well. Tab will move on to the next part of the site rather than go through menu items.
Routing Number: 264281432
The site navigation utilizes arrow, enter, escape, and space bar key commands. Left and right arrows move across top level links and expand / close menus in sub levels. Up and Down arrows will open main level menus and toggle through sub tier links. Enter and space open menus and escape closes them as well. Tab will move on to the next part of the site rather than go through menu items.
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 apply in online and mobile banking only.
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 3-12 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.
After clicking the CONTINUE button, you will be redirected to a web site that is not operated by Y-12 Federal Credit Union. Please review the website's privacy and security policies as they may differ from Y-12 Federal Credit Union.
Before applying online, be sure to check your Online Banking or Mobile App for pre-approved loan offers. Look for My Loan Offers in the menu.