Is Maroon Financial Credit Union Payday Alternative Loans the right fit for you?
Last Updated: 04/18/2025
Maroon Financial Credit Union Payday Alternative Loans
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Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
41.672% - 49.772%(Verified 06/21/2024)
Amount Range
$500 - $1,000
Loan Term (Months)
6
Maroon Financial Credit Union Payday Alternative Loans Review
Maroon Financial Credit Union Payday Alternative Loans is offered by Maroon Financial Credit Union, a credit union founded in 1957 and based in Chicago, IL. Maroon Financial Credit Union Payday Alternative Loans are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 41.672%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Maroon Financial Credit Union Payday Alternative Loans are on the higher end of the spectrum.
- Small-dollar loans. Maroon Financial Credit Union Payday Alternative Loans has a maximum loan amount of just $1,000 .
- No origination fee. Maroon Financial Credit Union Payday Alternative Loans does not charge a loan origination fee.
- Short loan terms. Maroon Financial Credit Union Payday Alternative Loans have loan terms as short as 6 months.
Maroon Financial Credit Union Payday Alternative Loans Pros & Cons
| Pros | Cons |
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Maroon Financial Credit Union Payday Alternative Loans FAQ
What interest rates and personal loan terms does Maroon Financial Credit Union Payday Alternative Loans offer?
Maroon Financial Credit Union Payday Alternative Loans has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Maroon Financial Credit Union Payday Alternative Loans offer?
Maroon Financial Credit Union Payday Alternative Loans offers a fixed APR personal loan product that ranges from 41.672% APR up to 49.772% APR.
How much can you borrow via Maroon Financial Credit Union Payday Alternative Loans?
Personal loan amounts start at $500 and go up to $1,000
What is the maximum loan term you can get with Maroon Financial Credit Union Payday Alternative Loans?
Maroon Financial Credit Union Payday Alternative Loans offers loans with terms of 6 months.
| Personal Loan Amount | $500 - $1000 |
| Loan Term | 6 months |
| APR | 41.672% - 49.772% |
What fees does Maroon Financial Credit Union Payday Alternative Loans charge?
Does Maroon Financial Credit Union Payday Alternative Loans charge an origination fee?
Maroon Financial Credit Union Payday Alternative Loans does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does Maroon Financial Credit Union Payday Alternative Loans charge a late fee?
Maroon Financial Credit Union Payday Alternative Loans does not disclose whether it charges late payment fees.
Does Maroon Financial Credit Union Payday Alternative Loans charge prepayment fees?
No, Maroon Financial Credit Union Payday Alternative Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | No |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for Maroon Financial Credit Union Payday Alternative Loans?
Maroon Financial Credit Union Payday Alternative Loans does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Maroon Financial Credit Union Payday Alternative Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Maroon Financial Credit Union Payday Alternative Loans.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | N/A |
Does Maroon Financial Credit Union Payday Alternative Loans report your account activity to credit bureaus?
Yes, Maroon Financial Credit Union Payday Alternative Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Maroon Financial Credit Union perform a hard credit pull?
Yes, Maroon Financial Credit Union Payday Alternative Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Maroon Financial Credit Union Payday Alternative Loans legit?
Maroon Financial Credit Union was founded in 1957, it is a well-established company that has been in business for 69 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Hours of Operation
SundayClosedMonday8:00AM - 4:00PMTuesday8:00AM - 4:00PMWednesday8:00AM - 4:00PMThursday8:00AM - 4:00PMFriday8:00AM - 4:00PMSaturdayClosed
Other Services by Maroon Financial Credit Union
Other Personal Loans from Maroon Financial Credit Union
Rating not yet determined
APR
Starting at 6.00%
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Amount Range
N/A
Loan Term (Months)
Up to 48
Rating not yet determined
APR
9.49% - 9.99%
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Amount Range
$1K - $25K
Loan Term (Months)
24 - 48
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