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Quick Draw Loan

If you’ve found yourself using a payday lender to tide yourself over between paychecks, beware — the fees and renewal costs can often make your financial situation worse — certainly no way to get your finances back on track.

SELCO has a better solution. The SELCO Quick Draw loan allows you to borrow up to half of your next paycheck (up to $500), with no application or processing fees. The term of the loan varies from 1–30 days, depending on the date of your next payday. 

The SELCO Quick Draw loan, combined with a sensible budgeting plan, can help get you back on track — without breaking the bank.  Check with us first the next time you’re in need of a "QuickDraw."

  • Maximum Loan amount: up to 1/2 of your next paycheck ($500 maximum)
  • Loan Term: 1-30 days (depending on your next payday)
  • Interest rate may be lowered if you choose Automatic Payment
  • No loan application or processing fee
  • Must be a SELCO member for at least 90 days to qualify
  • No-cost counseling available through Balance Financial Fitness program.
  • No Credit Report required
  • Contact Us for further qualificaion details.

    Apply Now

    To apply for a Quick Draw Loan, please call 800-445-4483 ...
    or visit any SELCO Branch.

Quick Draw Loan


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As a SELCO member, you have access to no-cost, confidential financial advice through our partnership with BALANCE, a financial fitness program.



Get immediate information and assistance from professional financial counselors.


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