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PD Quick Cash Holiday Loan

Up to $2,000

Special runs October 15, 2024 - December 31, 2024

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PD Quick Cash Holiday Loan for Seasonal Expenses

The holiday season can put a strain on your budget with gift shopping, festive gatherings, and travel costs. People Driven Credit Union (PDCU) is here to help with our PD Quick Cash Holiday Loan Special, designed to ease your financial burden and help you manage these seasonal expenses.

Our PD Quick Cash Holiday Loan also allows you to consolidate higher-interest debts incurred throughout the year, making your financial situation more manageable as the holidays approach.

Apply for a Holiday Loan Online

 

PD Quick Cash Holiday Loan Special
– Up to $2,000 –

For current members in good standing with a minimum direct deposit of $1,000 monthly for at least six consecutive months. Loan amount determined by the total average of the member’s aggregate monthly deposits.

$2,000 Loan Terms:

For a Holiday Loan of $2,000 paid off over 11 months:

Amount Financed: $2,000.00
Processing Fee: $15.00
Payment Guard Insurance: Free
APR: 9.99% APR
Payment Every Month: $191.01
Total # of Payments: 11
Total Interest: $86.11
Total of Payments: $2,101.11

Apply for a Holiday Loan Online

Key Features:

  • Maximum Annual Percentage Rate (APR): 9.99% Benefit from a low fixed APR for the term of the loan.
  • 11-Month Term: Manageable repayment period to suit your financial planning.
  • Origination Fee: $15

Eligibility:

  • Be a member of People Driven Credit Union for at least three months
  • Have direct deposit set up
  • Loan amount determined by member’s deposits

A PD Quick Cash Holiday Loan can be used for:

  • Gift Shopping
  • Decorations
  • Festive Gatherings
  • Travel Costs
  • Anything You Need to Make Your Holiday Special

How to Apply:

  • Check Your Eligibility: Ensure you have direct deposit set up and have been a member for at least three months.
  • Apply Online, on the MyPDCU app, or In-Branch: You can apply for the Holiday Loan online or by stopping by any of our branches.
  • Get Approved Quickly: Our streamlined approval process promptly ensures you get the funds you need.

Payment Guard Insurance

With a PD Quick Cash Holiday Loan from People Driven Credit Union, you don’t just get fast access to funds—you also gain peace of mind. Our PD Quick Cash Holiday Loans now come with Payment Guard Insurance, automatically included at no additional cost.

In the event of a covered job loss, Payment Guard Insurance provides a lump sum payment of $500 toward your loan balance, helping to ease your financial burden during challenging times. Stay protected and secure your financial future with a PD Quick Cash Holiday Loan and Payment Guard Insurance.

Learn more about Payment Guard Insurance.

PD Quick Cash Holiday Loan Special
– Up to $2,000 –

For current members in good standing with a minimum direct deposit of $1,000 monthly for at least six consecutive months. Loan amount determined by the total average of the member’s aggregate monthly deposits.

$2,000 Loan Terms:

For a Holiday Loan of $2,000 paid off over 11 months:

Amount Financed: $2,000.00
Processing Fee: $15.00
Payment Guard Insurance: Free
APR: 9.99% APR
Payment Every Month: $191.01
Total # of Payments: 11
Total Interest: $86.11
Total of Payments: $2,101.11

Apply for a Holiday Loan Online

Frequently Asked Questions

PD Quick Cash application decisions are entirely system-driven to ensure fairness and consistency. While we cannot provide specific reasons for denials, we’re happy to assist you in understanding the next steps or offering advice on improving your chances for future applications.
PD Quick Cash applications can only be submitted online. To protect your personal information and meet our security standards, phone applications are not permitted. This ensures your privacy and guarantees that all required information is accurately captured. You can easily apply by visiting the PD Quick Cash page online.
If you're having trouble receiving the validation code, it may be due to your device’s operating system. Ensure your phone or computer is running the latest version, as outdated systems can interfere with code delivery. If you’re still not receiving the code, try restarting your device and submitting the request again.
Yes. PD Quick Cash loans are only available for People Driven Credit Union members. Specifically, one must be a member in good standing, with direct deposit set up for at least three months. Member will be defaulted to pay their monthly payments as auto-payments from their account.
The origination fee for a PD Quick Cash loan is a one-time cost for convenience and speed. It allows you to secure funds instantly without a traditional credit check. This is particularly beneficial when you need urgent access to funds without the usual wait times or paperwork involved in standard loan processing. It's designed to be a fast, straightforward solution for immediate financial needs. The origination fee varies depending on the loan amount requested:
  • Loan Amount $500-$999: Origination Fee $12
  • Loan Amount $1000-$1500: Origination Fee $25
  • Loan Amount $1501-$2000:  Origination Fee $35
Using your credit card is a common choice for emergencies. However, the PD Quick Cash offers a structured repayment plan that could potentially have lower interest costs compared to high credit card interest rates, especially if the balance isn't paid off immediately. Additionally, this loan provides a quick, predictable, and fixed repayment plan that helps manage your budget without the variable costs associated with credit card interest.
No. One of the benefits of PD Quick Cash is that it doesn’t involve a traditional credit check, which means it doesn't directly impact your credit score. This can be a great option if you're concerned about maintaining your current credit score while still needing access to emergency funds. Although we do not run credit checks for the PD Quick Cash loan application, we do report payment history to the bureaus in hopes of helping our members repair or begin building credit with on-time payments.

Disclosures

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number

Membership Requirement:

A Membership Share Savings Account is required to establish membership at People Driven Credit Union. Your $5 deposit into this account secures your share in the credit union, giving you access to our full range of services and benefits. The Annual Percentage Yield (APY) for this account is 0.01%, and the minimum deposit is $5.00.

PD Quick Cash Holiday Loan Special Qualifications

*The PD Quick Cash Holiday Loan Special runs from October 15th through December 31st, 2024, with an Annual Percentage Rate (APR) of 9.99%. Members in good standing who receive monthly direct deposits can borrow up to $2,000 (loan amount determined by the total average of the member’s aggregate monthly deposits), with one loan allowed per Social Security number. For a $2,000 loan, the monthly payment is $191.01, and for a $1,00 loan, the payment is $95.51. New and current members who do not meet the direct deposit criteria are welcome to apply for a regular personal loan. There is no prepayment penalty for this loan. To qualify, borrowers must be the primary account holder, in good standing with PDCU, have a valid email and physical address, and be current on all PDCU accounts for the last 90 days. Applicants must be at least 18 years old, and joint, business, trustee, conservatorship, and minor accounts are not eligible for this loan.