Largest Black American Bank Offers Short-Term, Low-Cost Loans Without Credit Checks
BOSTON, January 11, 2022 / PRNewswire / – OneUnited Bank, America’s Largest Black-Owned Bank, Introduces CashPlease, a Small, Short-Term Dollar Lending Program to Help Customers Better Manage Their Money. Easy to access, without a credit check, CashPlease allows customers to avoid abusive payday loans and overdraft penalties.
Millions of consumers endure high cost payday loans every year. They struggle to pay their household bills on time, can incur late fees and experience negative effects on their credit score. With CashPlease, OneUnited Bank checking account customers have access to small, short-term loans to avoid these damaging consequences.
Cash Please® offers the option to apply online 24/7 with loan funds deposited within 4 hours. There is no credit report review. CashPlease offers a repayment option that is easy to automatically deduct from a current account in 3 installments over 3 months. The loans are affordable with reasonable interest rates and fees offering considerable savings as compared to payday loans. Qualifications apply.
“We know better than anyone the expectations of our customers when it comes to urgent and unforeseen expenses.,“States Teri williams, President & COO. “With the 2 day prepayment and now CashPlease, we continue to use technology to deliver services to better meet the financial needs of our community.”
OneUnited Bank, America’s largest and first black-owned digital bank, is working to make financial literacy a core value of the black community through the #BankBlack and #BuyBlack movements.
For more information, visit www.oneunited.com/cashplease.
Media inquiries: Suzan McDowell, Circle of One Marketing, [email protected], 305-576-3790 or 305-490-9145
OneUnited Bank (www.oneunited.com), is the largest (largest customer base) and first black-owned digital bank in America, a Minority Depository Institution (MDI), and a Community Development Financial Institution (CDFI ), is a ten-time recipient of the Bank Enterprise Award from the United States Department of the Treasury for its community development loans. Its mission is to be the premier bank serving urban communities by promoting financial literacy and providing affordable financial services.
View original content to download multimedia: https://www.prnewswire.com/news-releases/oneunited-bank-launches-cashplease-loan-program-301456583.html
SOURCE OneUnited Bank