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No Credit Check Loan

The Breakdown

  • Fixed rate of 17.99% APR
  • Borrow up to $4,000
  • Terms up to 24 months
  • No credit check

APR = Annual Percentage Rate. First time borrowers can borrow up to $1,500. Loan minimum $500. Maximum term of 12 months up to $2,000. Maximum term of 24 months for greater than $2,000. Two (2) No Credit Check loans allowed per calendar year. Four (4) full monthly payments must be made before applying for the next No Credit Check Loan. *Active checking defined as a minimum of one (1) transaction per month. **Mobile deposits and Unemployment direct deposits do not meet direct deposit requirements. ***Delinquent loan defined as 30 days or greater past the scheduled payment date. A non-refundable $35.00 loan application fee is required and will be deducted from your Xplore Federal Credit Union Checking or Savings account.

How to Qualify

Fulfill the below requirements to qualify

  • Applicant must have an active checking* for at least six (6) months for a loan less than $2000.00.
  • Applicant must have an active checking* for at least one (1) year for a loan greater than $2000.00.
  • Applicant must have an automatic deposit** of at least $400 per month for a minimum of six (6) consecutive months with Xplore FCU. The direct deposit / automatic deposit must be in the name of the primary account holder.
  • No bankruptcies in the last two (2) years.
  • All accounts and loans must be in good standing for six (6) months. No NSFs (Privilege Pay acceptable). No delinquent loans.***
  • All No Credit Check Loan (NCCL) payments must be set on immediate payroll.
  • Any existing NCCL must complete four (4) full monthly payments before a refinance is available.
  • Must settle any existing NCCL with the proceeds from the new loan.

Borrowing more than $2,000?

  • Debt-to-income ratio must not exceed 40% of verified gross income. Debt-to-income ratio determined by housing expense + payment of this loan + any other loan payments with Xplore FCU. A minimum of $600 housing expense must be used. 

A $35.00 application fee will be debited from member’s account prior to loan being processed.

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Xplore Federal Credit Union, New Orleans, LA. Your savings is federally insured to at least $250,000 and backed by the full faith and credit of the United States Government - National Credit Union Administration (NCUA), a U.S. Government Agency. Xplore Federal Credit Union is an equal opportunity housing lender. 

We may provide links to third party sites, independent from Xplore Federal Credit Union. These links are provided only as a convenience. Xplore Federal Credit Union does not manage the operation or content of the website you are about to enter. The privacy and security policies of the site may differ from those of Xplore Federal Credit Union.