Washington Federal bank is offering interest-free, 90-day loans to federal workers who are currently furloughed because of the partial government shutdown. Applicants can receive the equivalent of up to six missed paychecks.
The loan program is available to any affected resident in Nevada, Arizona, Utah, Oregon, Idaho, Washington state, Texas and New Mexico.
The interest-free program will be available to both customers and non-customers, though the latter would need to open a checking account in order to receive the loan.
After 90 days, the interest rate increases to 5 percent through the end of 2019 and to 10 percent thereafter. That compares to interest rates of 18 percent or more for standard short-term loans. The entire balance must be paid by June 2022.
For more information in Mesquite, contact Charidy Neff, Customer Srvice Supervisor, Washington Federal, 81 W. Mesquite Blvd, 702-346-5271.