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MIT Employee Assistance Loan

Up to $5,000 at 3.50% APR*

MIT Federal Credit Union (MIT FCU) is here to support MIT Employees by offering this special loan.

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?
  • MIT paystub
  • Completed loan application
  • Be a current member in good standing
  • Not a member yet? You can join with your loan application

If you have questions, please email loans@mitfcu.mit.edu or contact 617.253.2845.

*APR = Annual Percentage Rate. A $5,000 loan would result in 36 equal payments of $147.38.
This offer is available for a limited time and may be discontinued without notice.

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