Cash Crunch Loan
Get back on track. And back to your life. When times are tough, a high interest payday loan shouldn’t be your only option.
What's the Cash Crunch Micro Loan?
This loan is for people facing unexpected budgeting challenges, where their expense and income timing is misaligned.
Amount: $500 - $1500
Term: 6–18 months (monthly repayments; no penalty for early pay outs)
Interest Rate: 19% Annual Percentage Rate
Loan Purpose: Flexible. Use this loan to pay off an existing payday loan, or to avoid taking one out.
To be eligible for this loan you must be:
- A member (if you’re not already, we’ll help you become one at your first appointment with us!)
- 18+ years old
- Have a regular source of income to make regular loan payments
You may not be eligible for this loan if you are dealing with any of the items listed below, however we encourage you to meet with us to help understand your options!
- You have an outstanding judgment(s)
- You are enrolled in a Debt Repayment Plan, including the Orderly Payment of Debt (OPD) program
- You have an Undischarged Bankruptcy or are under a Consumer Proposal