Payday Alternative Loan (PAL)

When life happens, we’re your PAL.

Get money when you need it most deposited right into your account with just a few clicks taking less than a minute!

  • Loan amounts from $200-$2000
  • No credit check required
  • Fast funding
  • Available 24/7
 
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Pay Day Alternative (PAL) Loans Disclosure

Terms and Conditions:

To qualify for a Payday Alternative Loan (PAL), borrowers must members of OceanAir Federal Credit Union for at least three months and in good standing on all accounts. The PAL application fee is $20 and non-refundable. Borrowers may not take out more than three PALs within a six-month period, and only one PAL loan at any given time. All loans are subject to minimum qualifications. Same day approval and funds disbursement are not guaranteed.  Loan amounts range from $200-$2000. Minimum share balance of $20 is required. Direct Deposit required for at least three months. Payments must be made by automatic transfer from an OceanAir checking account.

All loans  are subject to underwriting criteria and approval. Your rate may be higher based on qualifying criteria. Income verification may be required.   

Membership and account criteria must be met. All loans  are subject to credit qualifications and approval. Programs, rate, terms, and conditions subject to change without notice. Other restrictions apply. 

Please visit us at OceanAir to learn more.  Call us at 805.988.2151 for current rates, terms, and conditions.