Short term loans

Live Brighter®

with honest support 

Short-Term Loans

Emergencies and unforeseen expenses can disrupt even the best-laid plans. A Short-Term Loan from Redstone helps you get by when cash is tight.

You don’t have to pay the high rates and fees that payday lenders often charge! Redstone’s Stretch & Save Loans and Payday Alternative Loans (PAL) are designed to help you make it to your next paycheck while building your credit. With a short-term, small-dollar loan from Redstone, you can borrow what you need for today and make smart financial decisions for tomorrow.

3%

CashBack on purchases made in the first 90 days
(Introductory offer)

1.5%

CashBack on ALL purchases made after the first 90 days
No limit on the amount you can receive

0%

Intro APR for 6 months on Balance Transfers made within first 30 days
After that, APR will range from 8.50% –12.00%

Why choose a Redstone Short-Term Loan? 

Lower fixed APR

than traditional payday-lender loans

Lower fees

than those charged by payday lenders

Credit-building opportunities

so today’s wise choices can support a brighter future

Support you can trust

from a reputable institution that puts members first

No penalty

when you’re ready to pay off your loan early

I am looking for:

Stretch & Save Loans

Stretch & Save Loans

  • Minimum loan amount of $500; maximum of $1250
  • 20% of loan amount set aside in your Regular Share Savings account, which will earn dividends
  • Required savings made available upon payoff of loan
  • Minimum repayment term of 6 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***
  • Must be a member for at least 1 year

Payday Alternative Loans (PAL)

Payday Alternative Loans (PAL)

  • Minimum loan amount of $200; maximum of $500
  • Minimum repayment term of 1 month; maximum of 6 months*
  • 26% fixed APR with repayment made through a pre-authorized transaction; 
  • 28% fixed APR if repayment is made another way
  • $20 non-refundable application fee***
  • Must be a member for at least 6 months

Ready to apply for a  Short Term Loan? It’s easy!

EVERY Redstone Visa credit card includes all of these features

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Convenience

Quick and easy purchases Visa is accepted all over the world

24/7 U.S.-based, live-agent phone support includes emergency card replacement

Manage your account anytime with Redstone’s Online Banking

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Security

Zero-liability fraud protection

Monitor credit card activity with Credit Card Control

Real-time fraud monitoring and fraud text alerts

Identity theft assistance

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Savings & Discounts

No annual fee

No Balance Transfer or Cash Advance fees

Visa Discounts on your purchases at select retailers**

Redstone Discounts!® when you use your card at many local businesses**

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Additional Benefits    

Travel and Emergency Assistance

24-hour Roadside Dispatch service

Auto Rental Collision Damage Waiver insurance coverage for cars rented with your Visa card

Warranty Manager Service manage, use, and extend the warranties of eligible items purchased with your Visa card

Could you use FREE, confidential financial advice? We’ve partnered with BALANCE to offer our members counseling about getting out of debt, saving for milestones, and setting smart financial goals. To speak with a counselor, call 1-800-777-7526 or visit the BALANCE website. Monday–Thursday 5 AM–8 PM, Friday 5 AM–5 PM, Saturday 8 AM–5 PM (Pacific Time)

Must be eligible for membership and open a savings account to obtain a loan product. A $5 minimum balance is required to open a share savings account and must be maintained in the account at all times. RFCU® is an Equal Credit Opportunity Lender. Contact us for more details.

Stretch & Save Loans:
Must have no active Stretch Loans or Stretch & Save Loans and no co-borrowers are permitted. Requires verification of residential address and verification of income, if not a direct deposit to RFCU. Subject to credit approval, a minimum of one-year membership required, must not have caused RFCU a loss, and all accounts have to be in good standing (e.g., not in the negative, including joint accounts and no delinquent loans), and other restrictions apply.

* Typical 100% financing example with no down payment for Stretch & Save loan: The monthly payment for a $1250 loan at an 18% fixed APR for 12 months would be $115.

Payday Alternative Loan (PAL):
Not more than three PAL loans in any rolling six-month period to any one borrower and no co-borrowers are permitted. No more than one payday alternative loan at a time to a borrower. Must not roll over any PAL loan. Must have direct deposit greater than or equal to the contracted payment. Subject to credit approval, a minimum of six months membership required, must not have caused RFCU a loss, and all accounts have to be in good standing (e.g., not in the negative, including joint accounts and no delinquent loans), and other restrictions apply.

** Stretch & Save Loan — 17% APR. Requires established direct deposit equal to or greater than contracted payment amount. A minimum three-month direct deposit required.

*** A $20 (PAL) or $30 (Stretch & Save Loan) non-refundable application fee applies and must be collected at application, and 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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Are you ready to join the credit union that puts you first? Become a member of the Redstone family and you’ll start enjoying the great rates, personalized financial advice, and excellent customer service Redstone is known for.

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