Payday Alternative Loan (PAL)

When life happens, we’re your PAL.

Get the funds deposited directly into your account when you need them the most.

Enjoy lower rates compared to other payday lenders
Loan amounts from $200-$2000
Flexible repayment terms
Receive a fast decision

Apply Now

Join OceanAir

It’s Easy to Apply!

Borrow smarter with this responsible alternative to high-interest loans.

Step 1: Log in to online banking or the OceanAir mobile app
Step 2: Click “Apply”
Step 3: Select “Payday Alternative Loan”
Step 4: Follow the application steps
Step 5: If approved, receive funds quickly, deposited directly into your checking account

Apply Now

Join OceanAir

Pay Day Alternative (PAL) Loans Disclosure

Terms and Conditions:

To qualify for a Payday Alternative Loan (PAL), borrowers must members of OceanAir Federal Credit Union for at least three months and in good standing on all accounts. The PAL application fee is $20 and non-refundable. Borrowers may not take out more than three PALs within a six-month period, and only one PAL loan at any given time. All loans are subject to minimum qualifications. Same day approval and funds disbursement are not guaranteed. Loan amounts range from $200-$2000. Direct Deposit required for at least three months. Payments must be made by automatic transfer from an OceanAir checking account.

All loans are subject to underwriting criteria and approval. Your rate may be higher based on qualifying criteria. Income verification may be required.

Membership and account criteria must be met. All loans are subject to credit qualifications and approval. Programs, rate, terms, and conditions subject to change without notice. Other restrictions apply.

Please visit us at OceanAir to learn more. Call us at 805.988.2151 for current rates, terms, and conditions.

Payday Alternative Loan (PAL)

It’s Easy to Apply!

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