Progress Financial provides unsecured, closed-end loans with small, fixed payments. Loan amounts range between $500-$2,500; a typical loan size is $1,000. The loan is disbursed by issuing a check to our borrower or on a Purchase card accepted at any Progresso’s retail partners.
Progresso’s program is designed to meet the borrowing needs of under-banked Hispanics who do not have:
Progresso accepts most photo identification issued by foreign governments.
Easy to Understand
Easy to Apply
3 easy and simple requirements:
Additional documentation such as a tax return can help in the approval process but are not necessary for the application.
In exchange for granting loans Progress charges an annual interest rate that varies between 25% and 28%.
By starting with a credit-building loan, PF hopes to graduate customers up the financial mainstream (better checking, savings, 401Ks, etc.).