Fast Cash for When Life Happens
Whether you need a little extra cash for groceries, emergency car repairs, or anything in between, a Fast Funds loan from Cyprus Credit Union can help.
What is a Fast Funds loan?
A Fast Funds loan is a personal loan you can get as a Cyprus Credit Union member with no credit check and funds instantly deposited into your account once approved. It’s a great way to meet more immediate financial needs, one of the many perks of being a member of Cyprus Credit Union!
Why a Fast Funds Loan?
Easy Application Process
Complete your application online in as little as 60 seconds, available 24/7, 365.
Immediate Funding
Once approved, funds will be immediately deposited into your Cyprus checking account.
No Credit Check Required
There's no minimum credit score requirement to apply, just enjoy access to fast cash.
How do I apply for a Fast Funds loan?
Apply for a Fast Funds loan in 3 easy steps:
Log in to Home Banking
Start your application right in Home Banking or the Cyprus CU Mobile Banking app.
Start Your Application
In the menu, go to the 'Loan Applications' tab and select 'Apply For Fast Funds Loan.'
Review Terms & Submit
Follow the steps to complete your application, carefully review loan terms and submit.
Is a Fast Funds loan right for you?
Before applying for a Fast Funds loan, verify that you meet all of the following eligibility requirements and check out our loan terms.
Eligibility:
- Must be 18+ years of age.
- Must have a valid social security number.
- Must be the primary account holder on the Cyprus account you are applying through. Fast Funds not available on business or trust accounts.
- The account you are applying through must have an open and active checking account for at least six consecutive months prior to applying.
- Must have a direct deposit of $500 or more into the checking account for at least 60 consecutive days prior to applying.
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May not have more than one Fast Funds loan at any given time (Members can only have up to 3 loans in a 6-month rolling period).
- Must not have any overdrawn accounts, past due loans, or charged off loans on any Cyprus account at time of application.
Meeting the above eligibility requirements does not guarantee Fast Funds loan approval. Applicants must submit an application through Home or Mobile Banking for review.
Terms
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Eligible members can qualify for loan amounts between $200–$2,000.
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Repayment terms range from 3–12 months, depending on the loan amount.
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The interest rate on all Fast Funds loans is 28%.
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A nonrefundable application fee of $20 will automatically be deducted from the applicant’s checking account upon applying for a Fast Funds loan. Payment of the application fee does not guarantee loan approval.
More Options to Build Your Financial Future
Signature Loans
Get funds to consolidate debt, cover medical expenses, or take some time off, with a personal loan that offers competitive rates and flexible repayment options.
Checking Accounts
Easily manage your daily finances with checking accounts that offer great perks, rewards, budgeting tools, and more features for convenience and peace of mind.
Visa Credit Cards
Discover the right credit card for your spending needs. Whether you want cash back from daily spending or a low rate card to build credit.
Frequently Asked Questions
How fast will I receive my Fast Funds loan?
You will receive your Fast Funds loan immediately upon approval, and the funds will be deposited into your Cyprus checking account.
Do I need good credit to qualify for a Fast Funds loan?
Fast Funds loans do not require a credit check, so you do not need good credit to qualify.
How much can I borrow with a Fast Funds loan?
Fast Funds loans offer flexible access to funds ranging from $200-$2,000. How much you qualify for depends on eligibility requirements.
Can I get a Fast Funds loan if I already have another loan at Cyprus?
Yes, you can have a Fast Funds loan in addition to other loan products available at Cyprus Credit Union. However, you cannot have more than one Fast Funds loan at the same time.
Ready to tap into fast cash?
Start your application today. If you need help with Fast Funds loans or have additional questions, speak with a loan specialist by calling 801-260-7700 or visiting one of our branch locations.
