All loan approvals are based on standard loan underwriting guidelines and credit-scoring benchmarks. Actual rate may vary based on credit score, and/or surcharges, and loan term.
Unsecured loans can be used for almost any use. They are also called signature loans or personal loans. These loans are often used by borrowers for small purchases such as computers, home improvements, vacations, or unexpected expenses.
Holidays are just around the corner, and if you're needing more dough, Essential has you covered. Whether you need help affording travel expenses to visit family, or cash to buy presents, our Holiday Loan can help! PLUS, pay nothing for 3 months! Essential's Holiday Loan offers:
APR = Annual Percentage Rate. Holiday loan special only available during promotional time period. 90 day no pay is only available on holiday loan special depending on credit score. Interest will accrue beginning at closing of the loan. Limited time offer. All loan approvals are based on standard loan underwriting guidelines and credit-scoring benchmarks. Actual rate may vary based on credit score, and/or surcharges, and loan term. Offer does not apply to loans currently financed with the credit union. Cannot be combine with any other offer. Loan discounts cannot be applied.
Life is full of surprises. Whether it’s an unexpected bill, a car repair, or a home project, an Essential Line of Credit (LOC) gives you the financial flexibility to handle life’s curveballs—without the stress.
Revolving Access to Funds: Borrow what you need, when you need it—up to your approved limit.
Pay Only for What You Use: Interest applies only to the amount you borrow, not your total credit line.
No Collateral Required: Unsecured and simple—no need to use your car or home as collateral.
Peace of Mind: Keep it open for emergencies or use it to cover overdrafts on your Essential Checking Account.
Fast. Simple. Always Available.
We know cash is an essential part of life, and sometimes you need it right away. That’s why we created Ready Cash. It’s a safe, quick, and convenient way to get the money you need when you need it — with the added benefit of helping you build or rebuild credit.
Your Ready Cash payment history will be reported to all three major credit bureaus, giving you the opportunity to strengthen your financial future while meeting immediate needs.
When life happens, Ready Cash is here to help. Quick access to funds, simple terms, and the chance to build your credit — all designed with our members in mind.
*Minimum loan amount is $500 and maximum is $1,000. Only 3 Ready Cash Loans are allowed in a 12-month period and may only have one Ready Cash Loan open at a time. Must be 18 years of age or older, have an average of $1250 per month deposited into Essential over the last 60 days, and be an Essential member for a minimum of 6 months in good standing. Application Fee = $20 paid at the time of application (non-refundable and cannot be rolled into loan).
When a borrower uses collateral to ensure payback, we classify that loan as a Secured Loan. The collateral may be a home, a vehicle or even money held in a Share Certificate or savings account. Essential has many secured loan options available to our members and a variety of loan repayment options.
Secure your loan with a savings or certificate account, or the stock you own, to receive lower rates and favorable terms.