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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.

Unsecured Loans
Effective Date: Saturday, July 13th, 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

eBike Loans
Effective Date: Saturday, July 13th, 2024
eBikes 12 Months 8.50% $87.24
eBikes 24 Months 8.50% $45.47
eBikes 36 Months 8.50% $31.58
eBikes 48 Months 9.25% $25.01
eBikes 60 Months 9.75% $21.13

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Personal Loans

*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 7/13/2024 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.

Personal Loans

When you need cash, but don’t want to use a credit card, a personal loan may be the way to go.

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Express Loans

Express Loan helps for those last minute unforeseen expenses and /or emergencies quickly.

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Accessibility Lifestyle Loans

An Accessibility Lifestyle Loan helps you to live your best life. With these loans you can finance any medical equipment, home modifications or devices needed to assist your everyday living.

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Mobility Vehicle Loans

Mobility Vehicle Loans are for any converted vehicles with adaptive equipment for accessibility.

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