Loans and credit for unexpected expenses
Looking for a loan without collateral (like a car, a boat or a home)? A personal loan (also known as an unsecured or signature loan) is probably the solution for you. We offer personal loans with a variety of terms and loan amounts, depending on the purpose of the loan. We also offer share-secured loans for those looking to borrow against their own money, or for those looking to build credit, but don't have or don't want to tie a vehicle or house to the loan.
|Type of Loan||Term||APR*||Payment/$1000|
|Personal Loan + Co-Application/Guarantor Loan||12 Months||8.75%||$87.32|
|Tuition Assistance Loan**||12 Months||8.75%||$87.32|
|Overdraft Protection Line of Credit^||Line of Credit||11.00%||$88.40|
|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|
|Rental Assistance||12 Months||8.50%||$87.20|
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*APR = Annual Percentage Rate. The rates shown above are based on a highly qualified credit candidate. Rates may vary based on individual creditworthiness. Rates are valid as of 11/28/2023 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.
^The fee/s for the payment of each overdraft: $25 Negative Balance fee. If multiple items are presented against your account on the same day, each item will be assessed a Negative Balance fee.Go to main navigation