Express Loans
Express Loan helps for those last minute unforeseen expenses and /or emergencies quickly.
- Helps build your credit
- Money deposited directly into your account
- Quick funding
- No credit check
- No prepayment penalty
- Must be a member for at least 180 days
- Only 1 loan at a time per borrower
- .25% discount with auto pay**
- Loan amounts from $200-$2000
| Type of Loan | Term | APR* | Payment/$1000 |
|---|---|---|---|
| Personal Loan + Co-Application/Guarantor Loan | 12 Months | 8.75% | $87.32 |
| 24 Months | 9.00% | $45.68 | |
| 36 Months | 9.25% | $31.91 | |
| 48 Months | 9.50% | $25.12 | |
| 60 Months | 10.00% | $21.25 | |
| Tuition Assistance Loan** | 12 Months | 8.75% | $87.32 |
| Overdraft Protection Line of Credit^ | Line of Credit | 11.00% | N/A |
| Fuel Assistance Loan | 12 Months | 6.50% | $86.29 |
| Express Loan | 12 Months | 18.00% | $91.67 |
| Accessibility Lifestyle Loans | 12 Months | 8.50% | $87.20 |
| 24 Months | 8.75% | $45.57 | |
| 36 Months | 9.00% | $31.80 | |
| 48 Months | 9.25% | $25.00 | |
| 60 Months | 9.75% | $21.13 | |
| Rental Assistance | 12 Months | 8.50% | $87.20 |
| 24 Months | 8.75% | $45.57 | |
| 36 Months | 9.00% | $31.80 |
*APR = Annual Percentage Rate. Rate disclosed is based on a highly qualified credit candidate. Rates may vary based on individual creditworthiness. Rates are valid as of 7/21/2023 and are subject to change without notice.
**Automatic loan payments qualifies you for a 0.25% APR reduction, with the exception of the Tuition Assistance Loan. All Personal, Student, Auto, Motorcycle, Trailer, Boat, and RV loans are eligible for an ANNUAL PERCENTAGE RATE reduction of 0.25%.
MIT FCU does not charge for the autopay service.
Discontinuing autopay will result in the loss of promotional 0.25% ANNUAL PERCENTAGE RATE reduction. Any increase in the ANNUAL PERCENTAGE RATE will result in an increase of remaining payments. For example, if Your loan was for $10,000 at 6.4% for 5 years, and the rate increased by 0.25% after 12 months, Your payment would increase by $0.95.
For the life of the loan this offer will never expire. However, the promotion may end at anytime and without notice.
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