Our Payday Alternative Loans allow qualified members to borrow up to $2,000 at a reasonable interest rate with the ability to pay the money back within a period of up to 12 months.
This loan is designed to help you through a financial challenge and help you save money. Ten percent of the loan proceeds are required to go into your savings account until the loan is paid in full.
Only one Payday Alternative Loan may be taken at a time, and the borrower is encouraged to view the financial counseling resources available through BALANCE.
At VyStar, we are not-for-profit. By offering our Payday Alternative Loans, we hope to help our members avoid costly (sometimes predatory) payday loans. We don’t have high interest rates, charge excessive fees or attach penalties that can put even more financial strain on those who are struggling to make ends meet. We never forget that it’s your money, and we’re honored to serve communities from Northeast to Central Florida.
To apply, call (904) 777-6000 or 1 (800) 445-6289, option 3, or stop by a VyStar branch. Existing members can also apply via Internet Banking.
Loan amount cannot exceed $2000. Limit one (1) loan per member. Limit three (3) loans per rolling six month period.