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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, May 28th, 2022
Type of LoanTermAPR*Payment/$1000
Personal Loan + Co-Application/Guarantor Loan 12 Months 6.00% $86.06
  24 Months 6.25% $44.43
  48 Months 6.50% $23.72
  60 Months 6.75% $19.69
Tuition Assistance Loan** 12 Months 6.00% $86.06
Credit Builder Loan 12 Months 6.00% $86.06
Overdraft Protection Line of Credit^ Line of Credit 15.00% Variable
Fuel Assistance Loan 12 Months 6.50% $86.52

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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 5/28/2022 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.

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