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Quick Cash-Line of Credit

Quick Cash is a personal line of credit with an approved, revolving spending limit. When you use it with your debit card, it can function as a credit card.

How it works

You can withdraw money as you need it up to the specified limit. Your credit revolves and you can use the principal again.

What will be my spending limit?

On review of your application, you will receive an approved spending limit specially designed for your needs. Limits range from $500 to $10,000.

How Do I Access my Quick Cash?

You can access your funds 24/7. Simply withdraw through the ATM or over the counter. Use CUCall to get information on your account.  

Benefits

  • Saves you time: No Yneed to come in to the Loans Department every time you need a small loan. 
  • Peace of mind: Easy access to money in an emergency or when you need to buy or pay something urgently.
  • Quick access to low cost credit: For purchasing household items — furniture, appliances and electronics.
  • Saves you money: Use it to pay cash for consumer goods and benefit from cash discounts. 
  • With Quick Cash you pay only 11% per annum in interest on amounts used. Compare this with other rates which can be as high as 50%
  • Protects your savings: No need to dip into your savings for meeting unexpected purchases
  • and expenses.
  • Affordability: Small, one-time application fee. Affordable minimum monthly payment of only 3% of the limit. If Share Covered you pay 2.5%of the limit.
  • Personal Control: You control when and how much you borrow.
  • Free Coverage: You get Free loan protection coverage.

Requirements

To enjoy Quick Cash, all you need is:

  •  A good credit history
  • 5% of the credit limit in Share/Savings
  • To pay a small application fee of $25 (nonrefundable)
  • Member Shares based on the amount of loan
  • To be able to meet the monthly payment
  • Credit Reports, if you've not taken a loan at NCCU before
  • Member Shares/Loans click here!

Click here to view the Quick cash application form.  You can fill this in advance, print it and bring it along with you to the loans department.

Try Quick Cash, It’s like having a loan pre-approved whenever you need it
 

All loans are subject to NCCU’s Loan Policies and approval procedures

To find out details on what can be used as security click here.