Emergency Loans
For Life's Unplanned Moments
An Exclusive Member Benefit
At CommonWealth, we’re here to help with life’s unexpected expenses. Our Emergency Loan is an exclusive benefit for members, offering quick, affordable support when you need it most. Members with one or more years of membership and who meet a few simple requirements may qualify for an Emergency Loan without a credit check.* If you don’t meet the requirements, we’ll work with you to find a solution.
Loan Options
$500
6 mos. Emergency Loan
Fixed 7.99% APR*
$1,000
12 mos. Emergency Loan
Fixed 7.99% APR*
We're Here to Help!
Emergency Loan—Exclusive Member Benefit
As a CommonWealth member, you get exclusive access to quick, affordable Emergency Loans for life’s unexpected expenses— a safe, reliable alternative to credit cards and payday loans.
Emergency Loan Options | |
|---|---|
| Amount | $500 or $1,000 |
| Fixed Interest Rate | 7.99% APR* |
| Loan Terms | 6 months or 12 months |
| Fees | No origination fees and no prepayment penalties |
| Type | Unsecured - no collateral needed |
Members must meet the following requirements to qualify for an Emergency Loan:*
- A membership over one year
- A checking account with CommonWealth
- At least $500 in monthly direct deposits
If you don’t meet the requirements, no worries—our team will work with you to explore alternative options and find a solution that fits your needs.
Support You Can Count On!
Apply NowWays You Can Use Your Emergency Loan
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*APR = Annual Percentage Rate. Emergency Loan options include $500 for a 6-month term or $1,000 for a 12-month term, both at a fixed rate of 7.99% APR. Loans may be subject to credit approval. Member must meet certain criteria, including but not limited to: holding membership for at least one year, maintaining a checking account, receiving monthly direct deposits totaling $500 or more, and keeping their membership in good standing. Based on current member relationship, members may qualify for a no-credit-check option. Certain restrictions may apply. Rates are subject to change without notice.
Loan Payment Example: $85.29 per month for a $500 loan borrowed at 7.99% APR for 6 months or $86.98 per month for a $1,000 loan borrowed at 7.99% APR for 12 months.
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