Vancity is now offering its alternative to the pay-day loan online.
The Fair & Fast loans run from $100 to $1500 at a much lower interest rate than the traditional pay-day loan. There are no fees and the loans are granted on the same day. Members will also build a credit history with a Vancity loan unlike those from some pay-day lenders.
Overall, members are going to save money with a Fair & Fast loan and take a step toward breaking the vicious pay-day loan cycle.
This is just one way that Vancity redefines wealth by helping members build healthier communities.