What are the qualifications for a Payday Alternative Loan - Veridian

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What are the qualifications for a Payday Alternative Loan (PAL)?

To qualify for a PAL, you must:

  • Be a Veridian member in good standing.
  • Directly deposit your paycheck into a Veridian account.
  • Provide proof of income, such as a pay stub or account statement.
  • Have not taken out a PAL in the last six months.

A $25 application fee is included in repayment, and payments on the loan must be made every payday. Other qualifications may apply. 

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