Why Borrow From Us?
Everyone faces unexpected expenses from time to time. Don’t let a lack of savings put you further in the hole by taking out a high-cost payday or auto title loan. If your employer participates in the Community Loan Center (CLC) of Northwest Indiana program, you can quickly access a loan of up to $1,000 to cover anything that comes up, with no collateral or credit checks required.
If your employer isn’t enrolled yet, let them know about the CLC of Northwest Indiana– there’s no cost to offer this great benefit to employees!
Becoming a Participating Employer is Simple
We save you hundreds of dollars
For a $1000 loan due in 1 month, the average payday lender charges $775 in fees. We charge only $120 in fees – and we let you repay the loan over 12 months.
You save over $600 & you have 11 more months to repay the loan.
How It Works
Funding
Once we receive employment verification and your signature, your loan will be deposited into your checking account in 2 business days
Repayment
Most borrowers make their loan payments through payroll deduction.
Terms and Advantages
- Loans from $400 to $1000
- Payback period is 12 months
- 18% interest; $20 administrative fee
- No credit history or collateral needed
- No prepayment penalties
- Free financial counseling available
Requirements
- Minimum 18 years of age
- Must have worked at a participating
employer for a determined amount of time - Must have a checking account
- Provide driver license or passport numbers
- Provide Social Security Number
Already have a loan with us? Log in below to see your balance and payment amount, set up a payment, get copies of documents, and more.
Benefits to Employers
Your employees are more productive when they are financially stable.
Attract and Retain Talented Employees
Zero Cost to You
Loan Repayments are Automated
How It Works
When an employee applies for a loan, we ask you to verify their employment. Once approved, we send you the employee’s loan repayment schedule so you can set up the automatic payroll deduction.
Becoming a Participating Employer is Simple
Sign our Memorandum of Understanding and then arrange a time for us to train your payroll staff, which only takes a few hours.
Interested in Learning More About This Valuable Employee Benefit?
Use the link below to provide your information and the CLC of Northwest Indiana will contact you soon.
Who we are
The Community Loan Center (CLC) of Northwest Indiana was established in 2022 in order to offer low-interest, low-fee personal loans to employees of enrolled employers as an alternative to high-cost payday and auto title loans.
The CLC of Northwest Indiana is a program of the 501(c)3nonprofit Northwest Indiana Community Action (NWICA). Founded in 1965, NWICA is the largest combined Area Agency on Aging and Community Action Agency in Indiana.
We help to eliminate barriers that make life difficult. We offer a variety of services to support people with low-incomes, veterans, older adults, individuals with disabilities, caregivers, and Medicaid recipients. Our mission is to help people to be independent and to advocate for those who can’t.
Community Supporters
Partners and supporters of the Community Loan Center of Northwest Indiana include:
Investing in the Community Loan Center
The Community Loan Center is seeking grants and investments. The CLC program puts grant money from foundations and corporate donors to work year after year, re-loaning the grant funds up to eight times every 5 years. The CLC program delivers measurable positive out comes, demonstrating how the CLC helps borrowers improve their financial health.
