Express Cash Loans

Whether it’s an unexpected car repair or visit to the ER, life happens and sometimes all you really need is some extra cash quickly.

You've got this. We can help.

Express Cash loans are designed to help you get money fast when life throws something unexpected at you. These loans are easy to apply for, provide same-day cash, and won't impact your credit report.

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Express Cash Loan Features

Apply Online in Minutes

You can apply for Express Cash loans via online banking or the Peak mobile app.

No Cosigners Needed

If you are approved for an Express Cash loan, you own the loan. You aren't required to have a cosigner or additional signatures.

Non-Peak Credit History Won't Impact You

Find out immediately how much money you qualify for. Loan decisions are made based off your history with Peak Credit Union — meaning your other credit history won't impact whether you get a loan.

Get Same-Day Cash

Once you're approved for an Express Cash loan, the money (minus a small origination fee) will be deposited into your account that same day.

Avoid High Payday Loan Rates & Fees

With Express Cash loans, you can get cash quick, easily, and without the exorbitant fees and rates typical of payday loans.

Express Cash loan qualifications

In order to apply for Express Cash loans, you must:

  • Be a primary member in good standing (see Terms & Fees below for specifics)
  • Be enrolled in online banking
  • Have a valid email address on file

How to apply for Express Cash loans

  1. Sign into online banking or your mobile app.
  2. Click Services in the menu.
  3. Under Services, click or tap Express Cash.
  4. Fill out the application and click Submit.
  5. If approved, click on the Terms & Conditions and review them. You can either Accept the terms to proceed or Decline to end the process and cancel the loan.
  6. Loan funds are automatically deposited into the account you specify.

How to make payments on Express Cash loans

Repayments for Express Cash loans are made monthly and determined according to the table below.

Loan Amount Loan Term
$300 - $500 5 months
$501 - $700 6 months
$701 - $999 9 months
$1,000 - $1,500 12 months
$1,501 - $2,000 15 months
$2,001 - $2,500 18 months
$2,501 - $3,000 24 months
$3,001 - $4,000 36 months
Loan Amount:
$300 - $500
Loan Term:
5 months
Loan Amount:
$501 - $700
Loan Term:
6 months
Loan Amount:
$701 - $999
Loan Term:
9 months
Loan Amount:
$1,000 - $1,500
Loan Term:
12 months
Loan Amount:
$1,501 - $2,000
Loan Term:
15 months
Loan Amount:
$2,001 - $2,500
Loan Term:
18 months
Loan Amount:
$2,501 - $3,000
Loan Term:
24 months
Loan Amount:
$3,001 - $4,000
Loan Term:
36 months

 

A late fee of 5% of the payment owed applies if a scheduled Express Cash Plus payment is not made within 10 days of the due date.

We’re not able to do payment extensions or due date changes for Express Cash loans.

Express Cash loans terms and fees

  1. Memberships must be established for 10 months to be eligible for Express Cash.
  2. Express Cash loans are priced at 36% rate**.
  3. In addition to the annual percentage rate, there is a $25 origination fee.
  4. Loans may range from $300 to $4,000.
  5. A late fee of 5% of the payment owed applies if a scheduled payment is not made within 10 days of the due date.
  6. Returned payments will result in a fee, as with other consumer loans.
  7. Payment frequency is monthly. Members may select from the following days of the month for their due dates: 1st, 5th, 10th, 15th, 20th, 25th.

Give us a call at (800) 258-3115 for more information about Express Cash.

*Please note that automatic payments are not a requirement of Express Cash, and our underwriting decision does not factor into the repayment method.

**Estimated monthly payment example = $193.31 for a $4,000 loan based on 36% rate and a term of 36 months.

Apply Today

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