Now & LaterSM

Mistakes happen. If you're looking for a way to help clean up a mistake you may have made with your credit, consider our Now & Later loan! Not to be confused with a pay day loan, we want to help you establish a positive credit history and rebuild your credit! How? The Now & LaterSM Loan is unique in that it pays you half now and half when you pay off the loan.* The best part is Now & LaterSM Loans are reported to the credit bureaus so when you show a positive payment history – it's a win win!

  • Choose how much you’d like to borrow between $500.00 and $3,000.00.
  • Choose how long you’d like to take to repay the loan: 6 months to 36 months
  • The interest rate is fixed at 18.00% APR.
  • Have been a member for six months in good standing.~
  • Have been employed with the same company for at least one year and have been employed continuously for at least two years. ^

Let’s get started!

*Loan will be disbursed providing half of the funds upfront.  Second half of the funds will be placed on hold in a Special Savings account, not to be released until loan is paid in full. Once loan is paid in full, member will then receive remaining funds within five (5) business days. If loan defaults and member is unable to pay back as agreed, funds on hold will be used to clear up remaining balance.  Defaulting on a Now & Later Loan will result in not qualifying for any future Now & Later Loans. ~Must be a member in good standing with FedChoice Federal Credit Union for at least six months. Member in good standing means that you have not caused a loss for FedChoice at any point and your accounts are currently positive. ^Member will be required to provide enough documentation to verify employment.


Start Your Application Online NOW!


*Applying for a loan as a nonmember also submits a membership application. You must be a member of FedChoice to receive a loan from us. Review membership criteria here.

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Call us at +1-301-699-6151 / +1-800-969-6151
to apply over the phone.

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Visit the nearest Financial Service Center
to apply in person!