Small Dollar Loan

Navigator Credit Union understands emergencies happen. We're here to help you get the cash you need when you need it. Our Small Dollar Loan is an affordable alternative to predatory payday loans and is designed to help build your credit.

Have questions? 

To apply, visit us in any Branch

Features include:

Loan amounts
from $300 to $1,500


Terms from
6 to 12 months


No Credit


That's not all. We designed this short-term, personal loan to help Members during emergencies like unexpected auto repairs, unplanned medical bills and much more. Additional benefits:

  • No payment for 30 days
  • Application, approval and funding in just minutes
  • Free access to financial education and budgeting tools
  • Payment history reported to credit bureaus, potentially helping to build credit

Why choose Navigator over a payday lender?

  • The interest rate is a fixed 25% APR compared to the average 400% in Alabama and 500% in Mississippi.
  • Low, manageable monthly payments of $55 to $145 based on the amount you borrow.
  • There's a $20 flat application fee, compared to multiple fees charged at payday lenders.
  • You don't have to make a payment for the first 30 days. Use the money for your immediate need without worrying about how you will pay it back right away.

Have questions? 

To apply, visit us in any Branch

APR = Annual Percentage Rate. All Small Dollar Loans will have a rate of 25% APR. Terms range from six to 12 months. The payment amount would be $55.00 for $300.00 financed at 25% for six months. Interest accrues from date of funds disbursement. All applicants will be charged a $20 application fee. Must be 18 years or older to apply. Credit report changes are based on payment history. Not all Small Dollar Loans will boost credit scores. There are no prepayment penalties. Rates and terms are subject to change without notice. Membership eligibility requirements apply.