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MIT FCU offers low loan rates

Save more in two ways: Earn faster with your savings accounts, and pay less for the money you borrow.

Unsecured Loans
Effective Date: Sunday, July 14th, 2024
Type of LoanTermAPR*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

Auto Loans
Effective Date: Sunday, July 14th, 2024
Type of LoanTermAPR*Payment/$1000
New/Used Auto Up to 36 Months 7.25% $30.99
New/Used Auto 48 Months 7.50% $24.18
New/Used Auto 60 Months 7.75% $20.16
New/Used Auto 72 Months 8.25% $17.66
New/Used Auto 84 Months 9.25% $16.22
New/Used Mobility Vehicle Loan 36 Month 7.25% $30.99
New/Used Mobility Vehicle Loan 48 Month 7.50% $24.18
New/Used Mobility Vehicle Loan 60 Month 7.75% $20.16
New/Used Mobility Vehicle Loan 72 Month 8.25% $17.66
New/Used Mobility Vehicle Loan 84 Month 9.25% $16.22
New/Used Mobility Vehicle Loan 96 Month 10.25% $15.32

Other Vehicle Loans
Effective Date: Sunday, July 14th, 2024
Type of LoanTermAPR*Payment/$1000
New & Used Motorcycles 12-36 Months 5.00% $29.98
  48 Months 5.25% $23.15
  60 Months 5.50% $19.11
  72 Months 5.75% $16.46
  84 Months 6.00% $14.62
New & Used Boats and RV's & Utility Trailers 12-36 Months 7.25% $30.99
  48 Months 7.50% $24.18
  60 Months 7.75% $20.16
  72 Months 8.00% $17.54
  84 Months 8.25% $15.72
  85-120 Months 8.50% $12.40

Secured Loans
Effective Date: Sunday, July 14th, 2024
Type of LoanTermAPR*Payment/$1000
Share Secured (Frozen Share) Up to 60 Months 5.25% $19.01
Credit Builder Loan Up to 12 Months 8.75% $87.32
HEAT Loan, Micro ($500-$2,000) Up to 24 Months 0.00% $41.67
HEAT Loan, Expanded ($2,001-$25,000) Up to 84 Months 0.00% $11.91

Credit Cards

For credit card rates, click here.

* Rate disclosed is based on a highly qualified credit candidate. Rates may vary based on individual creditworthiness. Rates are valid as of 7/14/2024 and are subject to change without notice.

** All personal, student, auto, and RV/motorcycle 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 6.40% 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.

**** The fees for the payment of each overdraft: If multiple items are presented against your account on the same day, each item will be assessed a Non-Sufficient Funds/Overdraft (NSF/OD) Fee.

Transactions for which a fee for paying an overdraft may be imposed include insufficient balances may result from, but are not limited to, check payments and ACH debits, including Bill Pay Transactions or other electronic means.

The time period by which the member must repay or cover any Non-Sufficient Funds/Overdraft (NSF/OD): Funds must be deposited to cover the NSF/OD and the account must remain positive for at least one day-end cycle, within 30 days of the account entering a negative status. If additional NSF/OD items occur during those 30 days that the account has continued to be negative, the account must be brought positive on or before the 30th day from the date of the initial NSF/OD, and remain positive for at least one day-end cycle. Any deposits received by the credit union during the 30 days will be applied first to the overdrawn account. If an account is not brought to a positive balance and allowed to remain positive for at least one day-end cycle within 30 days, the privilege will be suspended.

Conditions which the credit union will not pay an NSF/OD: May limit the amount of NSF/OD per account, reserve the right to not approve any NSF/OD against the account until we can verify that the account is being maintained in good standing.

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