Is a Personal Assistance Loan right for you?

A Personal Assistance Loan is one of the many options Nusenda offers for lending. If you need less than $1,000 to cover your unexpected expenses and can make your monthly payments without experiencing financial hardship, this type of loan might be the right option for you. If you need to cover more than $1,000 worth of expenses, we offer Personal Loans and Personal Lines of Credit with competitive rates and flexible terms. Applying online is convenient and easy! 

Are you eligible for a Personal Assistance Loan?

You may qualify for a Personal Assistance Loan if you meet the following criteria:

  • You are a primary account holder of a Nusenda membership.
  • You have been a member for at least three months with $100 deposited or your membership has been active for over six months
  • It has been at least one business day since you paid off a previous Personal Assistance Loan, and you 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.

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 12 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  • Immediate application review, with cash available on the spot, deposited into your account, and can be withdrawn at any ATM or at a Nusenda branch.
Fast Application

Fast Application

Applying for a loan is quick and easy through Nusenda's online application system. Apply today!

Easy Access

Download the Nusenda app to enroll in Mobile and Internet Banking!

Easily access and manage your funds and more with our mobile banking app.

How to apply for a Personal Assistance Loan:

Step1

Log in to Mobile and Internet Banking and select "Personal Assistance Loans" under the Loans menu option.

Step2

Follow the prompts to customize your Personal Assistance Loan. Your application will be processed immediately after applying.

Step3

Loan funds are immediately deposited into your account and can be withdrawn at any ATM or at a Nusenda branch at any time.

If the Personal Assistance Loan tile is grayed out, please call us at 505-889-7755 (800-347-2838 outside the Albuquerque area) or visit your local branch.

Personal Assistance Loan FAQs

How do I qualify for a Personal Assistance Loan?
What is the maximum loan amount I can receive using Personal Assistance Loans?
Is there a fee to apply for a Personal Assistance Loan?
How long do I have to repay a Personal Assistance Loan?
What is the current interest rate on Personal Assistance Loans?
Where are my disclosure documents for my Personal Assistance Loan?
Are there late fees for a Personal Assistance Loan?

Personal Assistance Loan Monthly Repayment Schedule

*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.