Fast Cash

Cash When You Need It!

Questions? Call 804.748.3081

“The Fast Cash loan really helped me after I had an emergency car repair. The Peoples Advantage staff were so friendly and helped me when I had trouble making a payment. I even boosted my credit score!” -Fast Cash Borrower

FAST CASH LOAN BASICS

Up to $2,000
Fast and easy approvals with no credit check
Quick and simple application
Choose your loan size and first due date
Loan decision in as little as 60 seconds
Upon approval, funds are deposited into your account within minutes
Payments are automatically pulled from your account
Fast Cash loan interest rate is 28.00% APR*

HEADS UP

• There is a $20 application fee charged when you click “apply”, even if you are not approved

• Fast Cash is a loan, so there are some penalties if you’re late on your payments (see below)

LATE PAYMENT PENALTIES

15 Days Late - Debit Card Freeze

You will not be able to use your debit card until your Fast Cash payment is received.

15 Days Late - Late Fee

$10 or 10% of your payment, whichever is greater.

30 Days Late - Credit Score Dip

Your credit score may take a hit.

WE CAN HELP YOU AVOID THESE PENALTIES

Our team is here for you - not only when things go right, but also when they don't. We help members navigate difficult times by making tailored arrangements with member when they can't make their payments. If you think you may miss a payment, contact us.

CALL US AT 804.748.3081

HOW TO APPLY

Via the mobile app: - Open the menu on the left and select ' Accounts' - Click on 'Add an Account' - Click on 'Apply for PAFCU Fast Cash Loan' Via online banking: - Once logged in, click on 'Accounts' - Click on 'Apply for PAFCU Fast Cash Loan'

Certain restrictions apply:

Must be a member for at least six months to apply
Limit to one Fast Cash loan at a time
Maximum of three Fast Cash loans within a 6-month period
Fast Cash is not available for members in North Carolina

TIPS FOR MAKING YOUR LOAN CHOICES

For loan size: take out only as much as you need right now. Consider what size payment you can make work. (See table below.) For payment due date: Pick a date that works well with your pay schedule and bills.

WHAT MIGHT YOUR PAYMENTS LOOK LIKE FOR DIFFERENT LOAN SIZES?

This table shows approximations of what monthly payments could look like depending on your loan size. These amounts are estimates to help you make your choice about how much you want to borrow (up to the maximum amount you were approved for).

Effective Date: 6-2-2025

If you borrow...	You would have to pay...
*Estimated monthly payment amount and # of payments.
$2,000	$194 for 12 payments
$1,500	$145 for 12 payments
$1,000	$125 for 9 payments
$500	$90 for 6 payments

“I was once past due on my Fast Cash loan and was hesitant to reach out for help. I finally called Peoples advantage and they helped me make a temporary payment plan that worked for me so I could get back on track with my payments”. - Fast Cash Borrower

*APR= Annual Percentage Rate. The stated rate is as of 8/1/2021 and subject to change at any time. All loans, including the Fast Cash loan, are subject to approval, which is determined by an assessment of the member’s relationship with the Credit Union.

The estimated amounts in this table are rounded to the nearest, highest dollar amount and assume the first payment is being made 15 days from the date the loan funded.

CDFI (Community Development Financial Institution):

We're proud to be a Community Development Financial Institution (CDFI) credit union and take a holistic approach to banking and lending. Our mission is to enable the underserved, unbanked, and those without credit history to build and fulfill their dreams. We go beyond traditional lending criteria, prioritizing our relationship with each member. Being a CDFI means we offer more than just products and financial literacy – we provide personalized solutions and support to help you thrive. Experience the difference at Peoples Advantage FCU and unlock a brighter financial future. As a CDFI, we work to provide financial services for savings and lending for people living in lower-income designated areas. Banking and finances can be tricky for people when there is little access to affordable banking. Peoples Advantage works for Petersburg and Richmond, Virginia, to provide products and service