Updated 7/20/20: Our Lincoln Laboratory and Student Center branches remain closed. Our Tech Square branch is open by appointment: Mon, Tue, Wed, and Fri 8:30 am - 4:30 pm, and Thu 8:30 am - 5:30 pm. Please call 617-253-2845 for an appointment. Please visit MITFCU.ORG/COVID19Support for more information.

MIT Employee Financial Assistance
MIT Employee Financial Assistance
Up to $5,000 at 3.50% APR*

MIT Federal Credit Union is here to support MIT Employees by offering this special program. 

 

Quick same day turnaround with online application. Apply now!

Loan Amount, Rate & Term
  • Up to $5,000 for active MIT Employees
  • One loan per employee
  • 3.50% APR*
  • Up to 36 months
  • 1st payment deferred for 90 days (example: loan funded on 4/30 would have first payment due 7/31)
  • Flexible terms available to accommodate your needs
What do I need?
  • Most recent MIT paystub
  • Completed loan application
  • Be a current member in good standing or open a new account
Not a Member yet?

If you have questions, please email loans-mitfcu@mit.edu or contact 617-253-2845

 

*APR = Annual Percentage Rate. Payment example for a $5,000 loan with an APR of 3.50% is 36 monthly payments of $146.51. No prepayment penalty. Only one outstanding Employee Assistance Loan is available per membership. This offer is available for a limited time and may be discontinued at any time without notice.