Ready Now Loan Review: No Credit Check & 24/7 Instant Approval

The Ready Now Loan by Financial Plus Credit Union is tailored for those looking for emergency funds with minimal hassle. You can borrow up to $2,000, and there is no credit check required to apply, making it helpful for individuals with less-than-perfect credit or a thin credit history.

Approval is provided 24/7 via their digital banking platform, so you get your funds moments after submitting your application. The main eligibility criteria include being a member of the credit union with at least three months of qualifying direct deposits averaging over $500 per month. A $25 processing fee applies and will be added to your loan amount. Actual approval and terms depend on qualification.

How to Apply Step by Step

• Log in to your Financial Plus Credit Union digital banking account.
• Select “Buy Now, Pay Later + Ready Now” in the menu.
• Follow the prompts to complete your application online.
• If approved, your funds are deposited instantly.

Pros

Notably, there is no credit check required, providing access for a wider range of applicants. Approval is instant around the clock, ensuring rapid access to funds.

Money is deposited directly into your account, and the process is handled entirely online. This is ideal if you need cash fast for unexpected expenses or emergencies.

Cons

You must already be a member and meet the deposit requirements, limiting availability for newcomers. Only one Ready Now Loan can be outstanding per member.

The maximum amount is capped at $2,000 (or your monthly direct deposit), so higher funding needs may require looking elsewhere. There is also a $25 processing fee.

Verdict

The Ready Now Loan is a solid choice if you’re an existing Financial Plus Credit Union member in need of emergency cash. The streamlined process and lack of a credit check are significant advantages. However, new members and those needing more than $2,000 may have to consider alternative solutions.