If you’re facing an unforeseen situation and don’t have an emergency fund ready to help you deal with it, an online loan in the form of a line of credit could be an option! You may run into an emergency situation where you need a short term online loan if you have to make an unplanned trip to the hospital, your car breaks down and it needs an immediate repair, or if you need to make an unexpected but essential home repair.
$500 to $5,000.
You have the option to withdraw available funds all at once, or in smaller amounts from your available credit, as needed, so long as your account is in good standing. If you request a draw, funds may be deposited into your bank account the same business day3.
If you have an outstanding balance, you will be required to make a Minimum Payment for each Billing Cycle. You will be issued a periodic statement at least 14 days before your Minimum Payment is due for your Line of Credit. Your periodic statement will include important details such as your Minimum Payment and your Payment Due Date.
Your Minimum Payment will be made up of two components:
You can always make payments towards your Outstanding Principal Balance at any time without prepayment penalties. You may log into your account to make a payment online using a debit or pre-paid card or call 1-800-766-2007 to set up a payment.
For each billing cycle, you will only be charged a Billing Cycle Charge if you have an Outstanding Principal Balance. You can find this information in your periodic statement. A portion of each Minimum Payment goes directly to your principal balance to ensure you are always paying down your balance.
For further details, visit the Cost of Credit page.
In order to qualify for an online loan through Indiana, you must:
Please note that currently, no credit products offered through CreditFresh have charges that would meet the requirements applicable to lend to covered members of the US Armed Forces and their dependents.
Yes, in order to be approved for this online loan in Indiana, you’ll need to have an active bank account.
You will not need an appointment to submit a request. To start this process, simply click here. Submitting a request is simple and may only take a few minutes to complete1.
For more information, feel free to give us a call at 1-800-766-2007 and a member of our Customer Service team will be pleased to help you.
Yes, online loans are currently offered through CreditFresh in the form of a Line of Credit in Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Hawaii, Idaho, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin in addition to Indiana.
An important distinction between a line of credit and an installment loan is that a line of credit is a revolving form of credit. This means that if you’re approved, you’ll be able to borrow any amount from your available credit, either all at once or in smaller amounts as needed. As you pay down your balance, you can continue to borrow money when you need it from your available credit, so long as your account is in good standing. Being able to request draws, repay and redraw as needed may make emergency loans online useful when you’re faced with an unexpected expense.
Having to deal with a difficult financial situation can be tough, and if you want to borrow money online by requesting a loan, you’ll need to review all your options carefully. If you’re looking for more information on the process of requesting an online loan in Indiana through CreditFresh, feel free to contact our Customer Service team at 1-800-766-2007. You can also find more information about this Line of Credit by visiting our general FAQs page.