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A family enjoys a bike ride on the Central Coast.

Instant Funds, Best Rate Payday Loan alternative, no credit check required

Instant Funds

Small-Dollar Loans


A family enjoys a bike ride on the Central Coast.

Instant Funds

Small-Dollar Loans

When you need money now.

Whether you need a little extra cash for medical expenses, an emergency car repair or anything in between, a SESLOC Instant Funds¹ loan can help.

Get money when you need it most, deposited right into your SESLOC account. This loan is also great for helping to establish and build credit.

Funds in an Instant!

If approved, our lighting-fast, secure application will process and fund your loan in under one minute, even on nights and weekends.

No Credit
Check Required

We review your account deposit history and other membership information, instead of using your credit score, recent paycheck stubs or other traditional loan qualifications.

Big Impact

Our small-dollar loans help you borrow responsibly, requesting funds for only what you need. If approved, borrow as little as $200, even if you qualify for up to $3,000 for bigger life events.

Other features include:

  • Highly competitive, affordable interest rates²
  • Two loan options to fit your loan amount and repayment needs
  • Choose your preferred monthly payment due date: 1st, 10th, 15th, 20th or 25th
  • No application fee
  • 100% digital application
  • No loan prepayment penalties

Short-term Loan Options

We offer two affordable small-dollar, short-term loan options. Our quick application will review your SESLOC banking and membership history and if qualified, will provide one or more loan options. You can choose the loan option that works best for your situation. Both loans were created to ensure monthly payments don’t exceed $200.


Smart Payday loan

28.00% APR*, up to $2,000

Unlike a traditional payday loan that is based off the amount of your current paycheck, has average interest rates as high as 374%,² and often must be paid back within a few weeks, our Smart Payday loan is a better, more affordable solution with repayment terms from 3 to 12 months. It’s a great option if you have unplanned emergencies.

  • Loans from $200 – $2,000
  • Tiered loan terms 3 12 months
  • Rate of 28.00% APR
Loan Amount Term (in months) Payment Range
$200 – $500 3 $69.83 – $174.57
$501 $1,000 6 $90.50 – $180.64
$1,001 $1,500 9 $124.68 – $186.84
$1,501 $2,000 12 $144.98 – $193.17

Life Event loan

18.00% APR*, up to $3,000

With higher funding amounts and repayment terms from 12 to 36 months, our Life Event loan is the perfect solution for those needing more time to pay back the loan. It can be used for unplanned emergencies, but also to celebrate life’s more joyful occasions, such as a graduation party, dream vacation or to stock your new nursery to help support your growing family.

  • Loans from $500 $3,000
  • Tiered loan terms 12 36 months.
  • Rate of 18.00% APR
Loan Amount Term (in months) Payment Range
$500 $1,000 12 $45.79 – $91.73
$1,001 $1,500 18 $63.91 – $95.77
$1,501  – $2,000 24 $75.00 – $99.93
$2,001 – $2,500 30 $83.39 $104.18
$2,501 – $3,000 36 $90.50 $108.55

How it Works

SESLOC members are eligible to apply for Instant Funds loans if you have a membership in good standing for more than 90 days. Simply log in to Online Banking to access the Instant Funds loan application. Or visit any branch and we’ll be happy to assist you.

  1. Log in to Online Banking and select the “Apply for an Instant Loan” tab.
  2. The Instant Funds dashboard will show you the features of our two loan options. (You may see details above on this page).
  3. Then, our Instant Funds loan decision engine determines your eligibility and qualifications. If you are approved for a loan, you’ll be presented with one or more loan options and the maximum funding amount you qualify for. You may qualify for a higher funding amount than you need.
  4. Choose your funding amount (up to the maximum allowed), select your preferred payment due date and select if you would like to make automatic payments from a SESLOC deposit account.
  5. All set? Click “Get My Funds” and the funds will deposited into your SESLOC account—in 60 seconds!
  6. Manage your Instant Funds loan account and payments by logging in to Online Banking.

Funds will be deposited into your account in less than 60 seconds!

Please remember to borrow responsibly.

A young couple with a baby stroll through a park.

Other eligibility and qualifications:

  • Must be 18 years old and above to apply.
  • For the primary consumer accountholder only, joint owners and Business memberships are not eligible.
  • Member may only have one (1) Instant Funds loan open at any time, and may not have more than three (3) Instant Fund loans opened over the preceding six months.
  • Instant Funds loans are not eligible for a Level Up Member Benefits program rate discount, or any other special promotions.
  • Qualification and funding amount is based on member’s banking and membership history with SESLOC, which includes a review of the total deposits made in the preceding 90 days.
Ready to get started?

Apply Now in Online Banking

Questions? Call us at (805) 543-1816 or visit any branch for more information.

*APR = Annual Percentage Rate. Rates, terms and conditions are subject to change without notice.
1. All loans subject to approval and underwriting criteria, including eligibility and banking and membership history; not every applicant will qualify. Members with an open Workout and/or Repayment loans are not eligible to open an Instant Funds loan. If approved, funds will automatically be deposited into the account selected during the application process. The due date selection and automatic monthly payment pre-authorizations occur at the time the loan is booked. Depending on the due date selected, the first payment date may be less than or more than 30 days from funding. The automatic payments will be debited from the same account the loan proceeds were deposited into. The entire payment amount must be available in the account for the payment to process. Payments received 15 days after the due date are subject to a late charge. Payday Loan Payment Example: A $2,000 loan, at 28.00% APR for 12 months would have an estimated monthly payment of $193.64. Life Event Loan Payment Example: A $3,000 loan, at 18.00% APR for 36 months would have an estimated monthly payment of $109.22.
2. According to the California State Attorney General’s office, the average traditional payday loan interest rate is 374% APR.


Budgeting & Borrowing Tips

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“Great alternative to big corporate banks that profess to also be “people” but don’t remind you of any person that evercared about you in the least.”