Life can hand out some unexpected surprises, and suddenly you find yourself short of funds. A SalalReadyCash loan is the credit union alternative to payday lenders or credit card cash advances. It's also a good way to deal with the unexpected, without risking your financial health.
At Salal, we'll do more than just lend you money;* we'll lend you a hand. All Salal members are entitled to free, confidential financial counseling through the BALANCE Financial Fitness Program.
- Longer loan term: Salal gives you a full 45 days to repay your loan.**
- Low lending fee: SalalReadyCash charges $12 per $100 borrowed; other lenders charge more***
- Flexible amounts: borrow from $150 to $700
*All Salal loans subject to credit approval.
**Payment example: a loan amount of $700 would result in one payment of $784 if paid within 45 days. Borrowers can also opt to repay in two equal installments of, in this payment example, $392 each.
***Annual Percentage Rate (APR) on a 45-day SalalReadyCash loan is 97.33%. APR on a 30-day payday loan from a traditional payday lender, with a $15 fee per $100 borrowed, is 182.5%.