No Credit Check Loan

BeneMoney’s No Credit Check Loan is an employer-sponsored loan program that does not use credit scores in the approval process. 

Eligible employees access funds through a streamlined approval process, with approval based on program guidelines, such as maintaining payroll deductions within 8% of gross pay. Repayments are made through automatic payroll deductions. 

The program is designed to provide fast, fair access to funds without impacting credit. 

*If you terminate employment for any reason before your loan is repaid, you will need to setup payment arrangements that will continue until your loan balance is paid in full. 

**Loan example: On a $1,000 loan, an employee paid on a bi-monthly pay schedule would have approximately $46.50 deducted from each paycheck for a one-year term. This results in approximately $116.00 in total finance charges with an Annual Percentage Rate of 19.99%. The number of payments, payment amounts, total finance charges, and APR will vary based on loan amount, payroll repayment periods, and the number of days the loan is outstanding prior to the first payment date. 

***Loan example: On a $10,000 loan, an employee paid on a bi-weekly pay schedule would have approximately $232.79 deducted from each paycheck for a two-year term. This results in approximately $2,105.08 in finance charges with an Annual Percentage Rate of 18.935%. The number of payments, payment amounts, total finance charges, and APR will vary based on loan amount, payroll repayment periods, and the number of days the loan is outstanding prior to the first payment date. 

****Non-payments would also be reported.  

BeneMoney loans are originated by Sunrise Banks, NA.