Premier America Credit Union
Apply for up to $2.000.000 CLP anytime, get approved in minutes, no credit check required, and fixed rates with a simple application process.
Premier Easy Cash presents itself as a practical lending solution for those living in Chile who need fast access to money. This loan allows applicants to borrow from $300.000 CLP up to $2.000.000 CLP, with the loan term stretching up to 12 months. The fixed annual interest rate is 28%, and there is a $20.000 CLP application fee applied on all approved loans. Notably, no credit check is needed, and approval decisions are made instantly through their online banking platform. Members must have been with the institution for at least three months and be in good standing to qualify.
How to Apply: Step by Step
The application process for Premier Easy Cash is designed to be straightforward and digital. First, log in to your online or mobile banking. Then, select the Easy Cash loan option and fill out the short application form. Once submitted, the system evaluates eligibility in real time without a credit check. If approved, the loan funds are credited to your account immediately, and you can use the money as you see fit.
Main Advantages
One main advantage is instant approval—access to funds takes just a few minutes after applying. This can be a real lifesaver during emergencies. Another positive aspect is the lack of a credit check, which means your score won’t be affected and there are fewer barriers to approval for those with less-than-perfect credit. Furthermore, fixed rates and clear payment terms provide transparency.
Possible Drawbacks
The annual interest rate is relatively high for a personal loan at 28%, which can lead to substantial interest costs if you borrow the maximum. Additionally, the $20.000 CLP application fee is non-refundable regardless of the loan amount requested, so small loans become less advantageous.
Verdict
Premier Easy Cash is a strong option if you need immediate access to funds and meet the membership requirements. Its simplicity and lack of a credit check are key selling points. However, those seeking larger sums or lower rates may want to compare all available offers before committing. For quick, short-term needs, this loan does what it promises.