EMERGENCY RELIEF LOAN
f you are a current member with South Bay Credit Union and are looking for paycheck replacement or other access to funds during the time of mandated closures, we offer an Emergency Relief LOC. This unsecured, fixed-rate installment loan offers an initial interest rate of 0.00%APR** and no payment until 30 days after the mandate is lifted. After the mandate is lifted, your Emergency Relief LOC will roll over to at a low-interest rate (determined at the time of approval*) with a maximum term of 12 months.
- Members must apply to determine eligibility. All South Bay Credit Union credit guidelines may apply.
- Members may request up to three month’s gross pay and should provide verification of income at the time of approval.
- Rates: 5% APR** to current members with direct deposit, 9% APR** for current members without direct deposit
Please complete the loan application below to apply for the Emergency Relief loan product and see if you qualify.