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COVID-19 Emergency Relief Loans

Nova CU is providing two financial relief options for our members — The COVID-19 Emergency Fast Five Loan and the COVID-19 Response Assistance Loan. Please feel free to call us at 1.800.865.0445 to discuss your challenges and options! Nova is here for you!

COVID-19 Emergency Fast Five Loan*

This loan is ideal for members who are facing an emergency situation and need cash fast. The COVID-19 Emergency Fast Five Loan is an automatic approval process that gets you up to $500 and requires no payment for 90 days. Direct deposit is required.

  • Automatic approval with a minimum of six (6) months direct deposit
  • 10.99% APR
  • No payment for 90 days
  • Monthly payment of $55 (includes 90 days no payment)
  • Must be a member in good standing
  • Can get up to two (2) COVID-19 Emergency Fast Five Loans within 12-month period

*The COVID-19 Emergency Fast Five Loan requires history of direct deposit on your Nova account. Amounts up to $500 with a $55 minimum payment after 90 day payment deferral. 10.99% Annual Percentage Rate. Payment deferral eligible for up to 90 days from date of loan. Must not have had a prior hardship/COVID-19 related loan deferment. Terms and conditions are subject to change at any time and without prior notice.

COVID-19 Response Assistance Loan*

The COVID-19 Response Assistance Loan can help qualified individuals meet their financial obligations during these uncertain times. We've adjusted rates to be significantly lower than traditional banks, payday lenders or credit cards. We can process these loans quickly — often same-day, and offer no payment for 90 days.

  • Up to a maximum of $5,000
  • Rates as low as 9.99% APR
  • Maximum loan term 60 months
  • No payment for 90 days
  • Must qualify based on lending guidelines

*Rates, terms, and conditions are based on individual creditworthiness. Amounts up to $5,000 and terms up to 60 months. Rates as low as 9.99% Annual Percentage Rate. Terms and rates are subject to change at any time and without prior notice. Payment deferral eligible for up to 90 days from date of loan.