How it Works
Why borrow from us?
It is stressful to be one sick child or car repair away from financial hardship. At the Community Loan Center of Austin, we know that any emergency can break the bank. That is why if your employer is enrolled in the CLC of Austin financial wellness program, you can quickly access a loan of up to $1,000, with no collateral or credit checks required.
Whether it’s paying down debt, starting a savings or buying a home, financial goals are the foundation of our financial security when we meet them. Our financial coaches are ready to help you create a plan and be a guide to meet your goals. Give us a call or sign up online!
If your employer isn't enrolled yet, let them know about the CLC of Austin. There's no cost to offer this great benefit to employees!
WE SAVE YOU HUNDREDS OF DOLLARS
For a $1000 loan due in 1 month, the average payday lender charges $775 in fees. We charge only $120 in fees - and we let you repay the loan in 12 months.
YOU SAVE OVER $600 & YOU HAVE 11 MORE MONTHS TO REPAY THE LOAN.
Details
Terms
Loans from $400 to $1000
Payback period is 12 months
18% interest; $20 administrative fee
Requirements
Minimum age is 18
Working at a participating employer for at least 3 months
Checking account
Driver license or passport numbers
Social security number
Perks
No credit history or collateral needed
No prepayment penalties
Free financial counseling available
Questions?
Use this form to contact a Community Loan Center of Austin representative to get timely responses to our most frequently asked questions and loan requests.