Fast cash — fair rates. When your paycheck can’t stretch far enough, you can count on Maroon Financial.
- Relationship-based, not credit-based, personal loan
- Borrow $500* with a flat $75 origination fee or $1,000** with a flat $125 origination fee
- Affordable alternative to payday loans
- 6-month repayment term
- Local decision-making and processing
- Attentive, friendly service from start to finish
- Apply in branch
- Must be a Maroon Financial member for at least 90 days.
- If qualifying with employment income applicant must have been employed with current employer(s) for at least six months.
- Must maintain regular deposits with MFCU of at least $200 a month for the past 90 days.
- Cannot currently be in bankruptcy.
- Must have gross monthly income of at least $800 biweekly or $1,733 monthly from a stable income source.
- Must been in good standing with the MFCU.
- If you’ve never had a PAL with Maroon Financial you are only eligible for the $500 PAL and will not be eligible to refinance. You will not be eligible for your next PAL for six months.
- You must wait at least 90 days before refinancing your PAL and you must have made a minimum number of payments.
*Annual Percentage Rate (APR) = 49.772%
**Annual Percentage Rate (APR) = 41.672%