How to Apply
Active more than a year
Checking or Savings
To be able to lend money with low fees, or no fees, we need to keep default rates very low. In order to do that, we rely on our customers to help us in two ways:
- To only borrow what they can pay back on time
- To only recommend friends and family member who they feel will repay their loans
As such, most new Rainy Day members are accepted based on the recommendation of a current Rainy Day member. If you have a friend or family member who is currently a Rainy Day member, you can join immediately with their recommendation. If not, you'll be placed on the waiting list when you finish the brief application.