Don’t get paid until next week? Our Salary Advance Loan Program allows you to get the money now. If you have Direct Deposit or Payroll Deduction with Old Hickory Credit Union, you can apply for a Salary Advance Loan (SAL). You get the money you need now, and when your paycheck arrives at the credit union your loan will be paid in full for you automatically.
With a SAL, you can get cash for up to 100% of your anticipated Direct Deposit or Payroll Deduction, (excluding any other loan payments you might have). You can get as little as $100 or as much as $700.
SAL is an affordable alternative to check cashers and payday lenders. And, you’ll keep your accounts safer because you won’t be giving out your account number to someone you don’t know. Check out these affordable rates:
|
Loan Amount |
Fee
|
Loan Amount
|
Fee
|
All SAL loans have a 10% Annual Percentage
Rate*. Interest is charged on the loan until it is paid in full, usually by your next payroll. |
| $100.00
|
$7.50
|
$450.00
|
$12.75
|
| $150.00
|
$8.25
|
$500.00
|
$13.50
|
| $200.00
|
$9.00
|
$550.00
|
$14.25
|
| $250.00
|
$9.75
|
$600.00
|
$15.00
|
| $300.00
|
$10.50
|
$650.00
|
$15.75
|
| $350.00
|
$11.25
|
$700.00
|
$16.50
|
| $400.00
|
$12.00
|
|
|
How do you get enrolled in the SAL program? Visit the
branch
location nearest you for a quick application. Then, your SAL is ready whenever you need it. Anytime you need access to your cash through SAL, just stop by any branch location. We’ll get your signature and you’ll be on your way.
If you have questions about SAL, visit the branch
location nearest you or call (615) 847-4043.
*Minimum balance of $25 to establish membership
|
