Most of us will have an unexpected need for funds at some point - an unexpected bill, an emergency medical expense, or an unforeseen home repair. OU Credit Union's Flex Loan is a short-term alternative to a payday loan that can provide the funds you need. Set up automatic payments from your checking account to ensure timely payments to your Flex Loan.
What we offer
• No application fee
• No prepayment penalties
• Fixed rate of 28% APR for up to 6 months
• Loan amounts of $200 up to $1,000
Only one Flex Loan at a time and no more than 2 loans in any 6-month period.
APR is annual percentage rate, and is subject to change. You will be advised of any change to the loan rate.
Loan Payment Example: The monthly payment per $200 borrowed at 28.00% APR for a term of 6 months would require 6 monthly payments of $36.11 based on 30 days to first payment. . Credit is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors.
Oakland University Credit Union
savings are Federally insured to at least $250,000 by the
and backed by the full faith and credit of the United States Government.
APR = Annual Percentage Rate. APY = Annual Percentage Yield.
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