Nusenda Personal Assistance Loans
Do you have an emergency and need cash now? A Personal Assistance Loan is a small dollar loan designed to help members manage short-term, unexpected expenses.
Quick & Convenient.
How a Personal Assistance Loan works.
- Apply through Mobile and Internet Banking. Or visit your nearest branch.
- Loan amounts are available between $200 and $1,000.
- Terms are for 1 to 6 months.
- 17% Annual Percentage Rate (APR).
- Immediate application review, with cash available on the spot, deposited into your account, and can be withdrawn at any ATM or at a Nusenda branch.
Call us at 505-889-7755 (800-347-2838 outside the Albuquerque area) or make an appointment at a branch near you.
Are you eligible for a Personal Assistance Loan?
Below are the criteria to be approved for a loan:
- You are the primary account holder on a Nusenda account for longer than three months.
- You don’t currently have an open Personal Assistance Loan and have not had more than three Personal Assistance Loans in the last six months.
- You have a positive balance in all of your Nusenda deposit accounts, and you have not had a negative balance within the last 15 days.
- You have not had any prior losses or write-offs on a Nusenda loan.
- You have not had more than one delinquency on loans within the last 30 days.
Is a Personal Assistance Loan right for you?
A Personal Assistance Loan is one of the many options Nusenda offers for lending. Check the information below to see if it is the right option.
- You need less than $1,000 to cover your unexpected expenses.
- You will be able to make monthly payments to repay the loan without experiencing financial hardship. See the table to the right for payment examples.
Monthly Repayment Schedule
|
Loan Amount*
|
|
Term
|
$200
|
$600
|
$1,000
|
|
1 Month
|
$203 payment
|
$609 payment
|
$1,015 payment
|
|
2 Months
|
$102 payment
|
$306 payment
|
$ 511 payment
|
|
3 Months
|
$69 payment
|
$206 payment
|
$343 payment
|
|
4 Months
|
$52 payment
|
$155 payment
|
$259 payment
|
|
5 Months
|
$42 payment
|
$125 payment
|
$209 payment
|
|
6 Months
|
$35 payment
|
$105 payment
|
$175 payment
|
*Loan amounts are available between $200 and $1,000. The amounts and payments shown above are just examples. The examples are not fixed loan amounts.
For example, you could pay as little as $175 per month for a $1,000 loan on approved criteria: 17.00% Annual Percentage Rate for 6 months. APR effective 4/4/22; subject to change.
Are you stressed about debt?
If you are not sure if a Personal Assistance Loan is right for you, but you are stressed or struggling with your finances, we are here to help you. Schedule an appointment with a Nusenda Financial Consultant to learn more about your options.
Nusenda also offers access to
BALANCE, a comprehensive financial counseling service at no charge to you. BALANCE counselors are experts in all aspects of personal finance and credit.