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Truist Ready Now loan

The cash you need for the expenses you didn’t see coming—with payments you can manage. Available in $100 increments, up to $1,000, to clients1 with a Truist personal checking account that has been open at least six months.

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  • $100 minimum loan amount
  • $1,000 maximum loan amount
  • $5origination fee per $100 borrowed2

Key benefits

  • Easy online access to cash. You may be able to get funded the same day.
  • No fees for late payments or repaying your loan early.
  • Fixed monthly payments to fit your budget.

What you'll need to get started:

  • You'll need to have a Truist personal checking account that has been open for at least six months and must not be overdrawn as of the end of the previous business day.
  • A valid Social Security number.
  • U.S. citizenship or permanent residency.

What will my Ready Now Loan payments be?

Apply now

You may also be interested in this option.

Truist Ready Now credit line

Overdrafts or unforeseen expenses, a Truist Ready Now credit line has your back.

  • Lines range from $300 to $7,500.
  • No transfer fees.
  • Available to clients with a Truist checking account.
View details about Truist Ready Now credit line

Frequently asked questions about Truist Ready Now loans.

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No. Only one applicant is allowed.

The first payment will be at least 30 days from the date on the loan agreement (loan date).

No, only one Truist Ready Now loan is allowed at a time. After one loan is paid, 30 days must pass before you can be approved for another Truist Ready Now loan.

Yes, we’ll use your credit report in making a decision on your loan application and payment history will be reported to credit bureaus.

No, you’ll need to sign your loan documents using e-signature along with an email address and a valid U.S. mobile phone number. You’ll receive an email with a link to the e-sign form and text message with a personal code to complete the e-sign. If we approve your loan during business hours Monday-Friday by 3 pm, you’ll get the email and text about two hours later. 

If you received the approval after 3 pm, you’ll get the email next business day (be sure to check your spam/junk folder if you haven’t received the email after you’ve been approved).

After your application is approved, you will receive a link via e-mail to e-sign the loan documents. Our electronic signature and funding processes are available during business hours. Our business hours are 8 am to 5 pm ET, Monday through Friday, excluding bank holidays. Applications approved during non-business hours or towards the end of a business day may not receive the e-mail until the next business day. 

During business hours, it could take up to two hours (from the time application is approved) to receive the e-mail (check your spam folder if you haven’t received the e-mail). You will receive the funds the same day if you complete the e-sign step by 12 pm on a business day.

You can make payments by signing in to online or mobile banking, calling Truist Client Care, by visiting a branch, or mailing a check to the address on your statement. You can also set up an automatic payment.

Yes,  you can! There are no fees for repaying your Truist Ready Now loan early.

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1 Truist Ready Now Loan is only available to existing Truist personal checking account clients. The checking account must have been opened at least six months prior to submitting an application. 

2 If you borrow $200, your fee will be $10 and you will pay back a total of $210 in six equal monthly payments of $35 each. The effective APR will be 16.94%. Note: FL residents will also pay the FL state doc stamp fee, so the monthly payment amount and the effective APR will be different for FL residents.

3 At the end of the draw period, the line of credit will enter the repayment period. During the repayment period, the minimum monthly payment will be fixed and equal to 2.50% of the Outstanding Balance or $100, whichever is greater.

Disclosures

Truist Bank, Member FDIC. © 2023 Truist Financial Corporation. Truist, the Truist logo and Truist Purple are service marks of Truist Financial Corporation.

Equal Housing Lender

Investment and Insurance Products:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

Services provided by the following affiliates of Truist Financial Corporation (Truist): Banking products and services, including loans and deposit accounts, are provided by Truist Bank, Member FDIC. Trust and investment management services are provided by Truist Bank, and Truist Delaware Trust Company. Securities, brokerage accounts and /or insurance (including annuities) are offered by Truist Investment Services, Inc., and P.J. Robb Variable, LLC., which are SEC registered broker-dealers, members  FINRA SIPC and a licensed insurance agency where applicable. Investment advisory services are offered by Truist Advisory Services, Inc., GFO Advisory Services, LLC, Sterling Capital Management, LLC, and Precept Advisory Group, LLC, each SEC registered investment advisers. Sterling Capital Funds are advised by Sterling Capital Management, LLC. Insurance products and services are offered through McGriff Insurance Services, LLC. Life insurance products are offered through Truist Life Insurance Services, a division of Crump Life Insurance Services, LLC, AR license #100103477. Both McGriff and Crump are wholly owned subsidiaries of Truist Insurance Holdings, LLC.

Mortgage products and services are offered through Truist Bank. All Truist mortgage professionals are registered on the Nationwide Mortgage Licensing System & Registry (NMLS), which promotes uniformity and transparency throughout the residential real estate industry. Search the NMLS Registry.

Comments regarding tax implications are informational only. Truist and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences.

"Truist Advisors" may be officers and/or associated persons of the following affiliates of Truist, Truist Investment Services, Inc., and/or Truist Advisory Services, Inc. Truist Wealth, International Wealth, Center for Family Legacy, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups are trade names used by Truist Bank, Truist Investment Services, Inc., and Truist Advisory Services, Inc.

Truist Securities is a trademark of Truist Financial Corporation. Truist Securities is a trade name for the corporate and investment banking services of Truist Financial Corporation and its subsidiaries. All rights reserved. Securities and strategic advisory services are provided by Truist Securities, Inc., member FINRA and SIPC. Lending, financial risk management, and treasury management and payment services are offered by Truist Bank. Deposit products are offered by Truist Bank.

Applications, agreements, disclosures, and other servicing communications provided by Truist Bank and its subsidiary businesses will be provided in English. As a result, it will be necessary for customers to speak, read and understand English or to have an appropriate translator assisting them. Truist offers the following resources for consumers that have Limited English Proficiency:

  • Multilingual teammates available at our Multicultural Banking Centers
  • Materials for some products and services are available in Spanish, Korean, Vietnamese, Mandarin, and other languages spoken in the communities we serve.
  • Phone assistance in Spanish at 844-4TRUIST (844-487-8478), option 9. For assistance in other languages please speak to a representative directly.

New York City residents:

Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at http://www.nyc.gov/dca.

  • Limited English Proficiency Support
  • New York City residents

Borrowers with Limited English Proficiency (LEP) needing information can use the following resources:

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