Stretch Loans

A Stretch Loan is a better and smarter alternative than payday loans. A small-dollar, short term loan with a traditionally lower fixed loan rate, the Stretch Loan is designed to help you rebuild a poor credit report when on-time payments are made, or to help you make it to your next paycheck.

What's a Redstone Stretch Loan?

  • Minimum loan amount of $150; maximum of $500
  • Minimum repayment term of 4 months; maximum of 12 months*
  • 17% fixed APR** with repayment made through a pre-authorized transaction; 18% fixed APR if repayment is made another way
  • $30 non-refundable application fee***

Why should I choose a Redstone Stretch Loan?

  • Rebuild or build your credit through a reputable institution
  • Lower fees and rates than payday lenders
  • There's no penalty for paying the loan off early


Must have no active Stretch Loans and no co-borrowers are permitted. Must be RFCU member to obtain a loan. Requires verification of residential address and verification of income, if not direct deposit to RFCU. Subject to credit approval, a minimum of one year membership required, and all accounts have to be in good-standing, and other restrictions apply. RFCU is an Equal Credit Opportunity Lender. Contact us for more details.

* Typical 100% financing example with no down payment: The payment for a $500 loan at an 18% fixed APR for 12 months would be 11 payments of $45.85 with a final payment of $45.72.

** Requires established (minimum 3 months) direct deposit equal to or greater than contracted payment amount

*** A $30.00 non-refundable application fee applies and must be collected at application, may not be financed in the loan, taken from the loan proceeds, or paid by personal check drawn on another financial institution.

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Looking for a credit card to use while you are establishing credit? RFCU has a great option for you with our Secure Credit Card.

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Center at 800-234-1234
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