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.
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.
We know cash is an essential part of life, and sometimes we need it immediately. That’s why we offer Ready Cash. Ready Cash helps you cover small, unexpected expenses allowing you to stretch your buying power. Ready Cash is a safe and quick way to buy the things you need now.
Ready Cash is also intended to establish and re-establish credit for members since Ready Cash payment activity will be reported to all three major credit bureaus. While improving your credit, you will also benefit from free financial education through our online resource, BALANCE. Are you ready for Ready Cash? Call 888.369.2207 or visit any branch to apply.
*Initially borrow up to $500. Once you have successfully paid off a Ready Cash Loan, you may then borrow up to $1,000. See MSR for more information.
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.