ONEUNITED BANK LAUNCHES THE CASHPLEASE LOAN PROGRAM
Millions of consumers endure high cost payday loans every year. They struggle to pay their household bills on time, can incur late fees and experience negative effects on their credit score. With CashPlease, OneUnited Bank checking account customers have access to small, short-term loans to avoid these damaging consequences.
Cash Please® offers the option to apply online 24/7 with loan funds deposited within 4 hours. There is no credit report review. CashPlease offers a repayment option that is easy to automatically deduct from a current account in 3 installments over 3 months. The loans are affordable with reasonable interest rates and fees offering considerable savings as compared to payday loans. Qualifications apply.
“We know better than anyone the expectations of our customers with regard to urgent unforeseen expenses.,“States Teri williams, President & COO. “With the 2 day prepayment and now CashPlease, we continue to use technology to deliver services to better meet the financial needs of our community.”
OneUnited Bank, the largest and first black-owned digital bank in America, strives to make financial literacy a core value of the black community through the #BankBlack and #BuyBlack movement.
For more information visit www.oneunited.com/cashplease.
Media inquiries: Suzan McDowell, Marketing circle, [email protected], 305-576-3790 or 305-490-9145
OneUnited Bank (www.oneunited.com), is the largest (largest customer base) and first black-owned digital bank in America, a Minority Depository Institution (MDI) and Community Development Financial Institution (CDFI), is a ten-time recipient of the US Treasury Department’s Bank Enterprise Award due to its community development loan. Its mission is to be the premier bank serving urban communities by promoting financial literacy and providing affordable financial services.
SOURCE OneUnited Bank