High-Interest Rate Loan or Credit Card Debt
Affordable loans
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A PERSONAL LOAN FOR YOUR FINANCIAL GOALS
debt consolidation
Pay off high-interest credit cards or loans into one fixed monthly payment.
Emergency Expenses
Cover unexpected expenses with predictable payments.
credit building loans
Establish or improve payment history through consistent, on-time repayments.
Home or Auto Repair
Finance necessary repairs with a fixed-rate loan.
Medical or dental expenses
Manage healthcare costs with defined monthly payments.
Other Eligible Uses
Use funds for approved personal expenses under structured repayment.
Fair. Responsible. Clear.
Transparent pricing with predictable monthly payments.
Funds Disbursed by ACH
We deposit the funds into your account on the next business day after we approve your loan.
Fixed Interest Rate
The low rate is fixed for the life of the loan, so your rate and monthly payment never change.
No fees
No application fee. No origination fee. No servicing fee. No prepayment penalty.
Automatic Payments
Automatic monthly payments on the first of each month.
Defined Loan Terms
Loan terms are clearly defined at the time of approval.
credit building
Credit reporting included.
start saving thousands with a low, fixed rate loan.
High-interest debt got you down? We’re here to help you pay off high-interest debt!
The chart below is an illustrative example only. Actual loan amounts, rates, terms, and payments vary based on credit approval and applicable law. Not all applicants qualify.³
Loan amount
$10,000
$10,000
Interest rate
32%
9%
Origination fee
5%
0%
Amount deposited to you
$9,500
$10,000
Annual Percentage Rate (APR)
34.80%
9%
Term
60 months
60 months
Monthly payment
$335.93
$207.58
Total interest and fees
$10,155.53
$2,455.01
Total payments
$20,655.53
$12,455.01
$8,200.52
TOTAL SAVINGS!
what our borrowers say
Our mission is simple: make affordable, low-interest options accessible and charge no fees! We have earned a Five-Star Trustpilot Score Rating. Read verified reviews from our borrowers on Trustpilot.
We deliver financing solutions
The Economic Justice Fund is a mission-driven, nonprofit lender dedicated to helping Americans pursue the American Dream. We are certified as a Community Development Financial Institution by the U.S. Department of the Treasury.
Questions & Answers
Federal law gives you the right to get a free report once every 12 months from each of the three nationwide consumer credit reporting companies through AnnualCreditReport.com. You can request all three of your reports at once, or you can space them out over the course of the year. AnnualCreditReport.com is the only official site to get your free annual credit reports. This right is guaranteed by Federal law. You can verify that AnnualCreditReport.com is the official site by visiting the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.
Tip: Be cautious of websites that claim to offer free credit reports. Some of these websites will only give you a free report if you buy other products or services. Other websites give you a free report and then bill you for services you have to cancel. To get the free credit report authorized by Federal law, go to AnnualCreditReport.com
The funds from our loans are commonly used for debt consolidation, credit card consolidation, credit building, emergency or unexpected expenses, moving costs, home repairs or improvements, and medical or dental expenses.
To apply, you must be at least 18 years old and reside in California. Applicants must also be a U.S. citizen, permanent resident, or eligible visa holder.
Eligibility is based on a review of several factors, including:
- Credit history and overall credit profile
- Current income and ability to repay
- Recent payment history and existing obligations
- Verification of identity and residency
In general, applicants should have an established credit history and be able to provide documentation showing current income or employment.
If you are unsure about your credit profile, you may wish to review your credit report before applying. Free annual credit reports are available through AnnualCreditReport.com.
Please note that meeting general eligibility guidelines does not guarantee approval, and all applications remain subject to review and current underwriting requirements.
The Economic Justice Fund charges no fees. Many other lenders charge application fees, origination fees, servicing fees, and prepayment fees. We charge no fees because we believe in providing fair and affordable loans with transparent terms. You pay no fees.
There are no application fees, no origination fees, no servicing fees, and no prepayment fees. There are no hidden fees!
Loan funds are transferred on the next business day if the loan agreement is completed before 5 pm PT Monday-Friday, excluding holidays. If the loan agreement is completed after 5 pm PT, on a weekend, or on a holiday, the funds will be transferred on the following business day.
Our prequalification decisions are provided immediately, and full applications are typically approved the same business day.
The Economic Justice Fund verifies all requirements by checking information on your credit reports. We perform a soft credit inquiry when you complete the pre-qualification form. This won’t impact your credit score. Soft credit inquiries do not appear on your credit report and do not affect your credit score. We may perform a hard credit inquiry only after you accept a loan offer.
We offer flexible loan terms ranging from 2 – 6 years for monthly payments that fit your budget with an affordable repayment option. We will work with you to determine the term that is appropriate for you.
There are no prepayment penalties or payoff fees. You can always pay your loan off early with no fees.
We provide low, fixed interest rates for all loans. Interest rates and APRs vary based on credit profile, income, verification, loan structure, and applicable law. Final loan terms are disclosed during the application and approval process.
APR shows the total cost of a loan by including the interest rate and all fees. APR represents an accurate cost of borrowing and can be used to compare annual loan costs across different loan options. Since the Economic Justice Fund charges no fees, the APR will always match your low interest rate on the loan.
The example below is provided for illustrative purposes only to explain how APR works generally. It is not a loan offer and does not reflect the terms of an actual Economic Justice Fund loan.
The Economic Justice Fund does not charge origination or disbursement fees. As a result, for our loans, the APR generally reflects the interest rate applied to the loan, subject to applicable law and program terms.
Actual loan amounts, interest rates, APRs, and terms offered by the Economic Justice Fund vary based on credit determination, verification of information provided, and applicable state law. Not all applicants qualify for the lowest rates or requested loan amounts.
Illustrative example only. The chart below explains how APR is calculated in general and does not represent the terms of an Economic Justice Fund loan. This example includes fees that the Economic Justice Fund does not charge.
The Economic Justice Fund is certified by the U.S. Treasury Department as a Community Development Financial Institution (CDFI). California loans are made or arranged pursuant to the California Finance Lenders Law and licensed by the Department of Financial Protection and Innovation (License No. 6089475).
¹ Unsecured personal loans offered by the Economic Justice Fund carry fixed interest rates. Standard APRs generally range between 9.99% and 35.99%, depending on creditworthiness and other factors. Promotional interest rates, including temporary 0% interest periods, may be offered for certain programs and do not apply for the full loan term unless expressly stated.
² To check the rates and terms you may qualify for, the Economic Justice Fund conducts a soft credit inquiry that does not affect your credit score. If you accept a loan offer, a hard credit inquiry may be conducted and may impact your credit score. Repayment activity may be reported to one or more national consumer reporting agencies.
³ Illustrative examples are provided for informational purposes only and do not constitute a loan offer or guarantee of approval. Actual loan amounts, interest rates, terms, monthly payments, and eligibility will vary based on credit determination, verification of information provided, program guidelines, and applicable state and federal law. Not all applicants will qualify for the requested loan amount or the most favorable rates and terms. The lowest rates are reserved for the most creditworthy applicants.
* Loan funding is subject to completion of all required documentation and final approval. Funds are typically transferred via ACH on the next business day after closing is completed, provided all conditions are satisfied. Funding timelines may vary based on verification and processing requirements. Pricing, terms, and availability are subject to change.