QCash
Your Financial Lifeline
When life throws unexpected expenses your way, WyHy is here for you with QCash Loans. No credit report needed, just a quick application process through Online Banking. Get the funds deposited directly into your account within minutes!
QCash Features:
With just 6 clicks in 60 seconds, you can get money when you need it most deposited right into your account; no credit check required!
- No Credit Check Required: Access funds without worrying about your credit score.
- Instant Approval: Receive quick approval with just 6 clicks in 60 seconds.
- Loan Amount: Up to $2,000 with fixed 12-month terms.
- Application Fee: $20.00 application fee, charged regardless of loan approval.
- Automatic Payments: Set up automatic payments for peace of mind.
Why Choose QCash?
- 24/7 Availability: Access funds anytime, anywhere.
- Fast, Easy Application: Apply in minutes via online or mobile banking.
- Build Credit: Use QCash Loans to build or repair your credit score.
How to Apply for a QCash Loan:
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- Log into your online banking via the WyHy website or mobile app.
- Navigate to the "Loans" section and select QCash.
- Follow the simple steps to complete your application.
- Log into your online banking via the WyHy website or mobile app.
Payment Examples:
*Subject to Approval
| Loan Amount | Rate | Monthly Payment | Term |
|---|---|---|---|
| $200-$499 | 27%* APR | $69.99-$173.87 | 3 months |
| $500 – $1,000 | 27%* APR | $90.02 – $180.03 | 6 Months |
| $1,001 – $1,499 | 27%* APR | $124.11 – $185.85 | 9 Months |
| $1,500 – $2,000 | 27%* APR | $124.11 – $185.85 | 12 months |
Frequently Asked Questions:
- Usage: Use QCash for any financial need, from home improvements to emergency expenses.
- Fees: An application fee of $20 applies to every application.
- Loan Amount: Borrow up to $2,000, depending on eligibility.
- Automatic Payments: Enjoy hassle-free automatic payments for added convenience.
Are there limits on how I can use my QCash loan?
No! You can use a QCash loan for any financial need, including home improvements, when you need a little extra cash to cover monthly expenses, vacation, school expenses, emergency car repairs or anything in between.
Are there any fees?
An application fee of $20 is charged for every QCash application, whether or not the loan is approved.
The application fee is non-refundable. The fee is assessed at time of application and charged to the member's Checking or Savings account regardless of whether the loan is approved, denied or declined by the applicant.
If your payment is 11 or more days late, there is a Late Payment Fee of 5% of the payment due.
What's the maximum amount I can borrow?
The maximum amount available for a QCash Loan is $2,000. The minimum amount is $200. The amount approved will vary based on the individual borrower's eligibility.
How is the loan approved?
When evaluating your application, a loan decision takes into consideration your membership, including factors such as payment history and deposit activity. You must also be 18 years or older and the primary borrower to qualify.
To improve your membership standing, you can do things like:
- Use your checking account regularly for daily purchases
- Stay up to date on your loan payments
- Avoid overdrawing your account
How many QCash Loans can I have at a time?
Members are only allowed to have one (1) active QCash loan at a time. Members may only have 3 QCash loans a rolling 12 month period.
How will I receive the funds?
Upon approval, your funds, ranging from $200–$2000, will be deposited into your checking account within minutes for ease of access. If you don't have an active Checking account, funds will be deposited into your active Savings account. Only members with an active Checking or Savings account are eligible to apply.
How do my automatic payments work?
No need to worry about signing in to your account or calling your local branch to make a payment. Upon approval, automatic payments are set up for you, giving you peace of mind that your payments will be on time.
When your loan is approved you will be prompted to select a due date and automatic monthly payment pre-authorization. Depending on the due date selected, the first payment date may be no more than 30 days from funding. The automatic payments will be taken out of the same account the loan amount was deposited into. The entire payment amount must be available in the account for the payment to process. If the loan payment is not made within the grace period (10 days), a late payment fee may be assessed.
What else should I know?
The APR for the QCash loan is a fixed rate for the duration of the loan. The APR will be 27% APR.
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All loan applications are subject to review of eligibility and approval. The APR for the QCash loan is a fixed rate for the duration of the loan. The APR will be 27% APR. Late Payment Fee of 5% applies if payment is 11 or more days late. Loans are available to members who meet certain eligibility requirements and are considered a member in good standing. QCash loan is not available in Member Centers; it is only available through online or mobile banking. No minimum credit score is required