View Message

Alert
We are currently experiencing intermittent issues with Zelle outbound payment services within Digital Banking. Our team is actively working to resolve the issue as quickly as possible.

We appreciate your patience and understanding as we work to restore full service and enhance your digital banking experience.

Thank you for being a valued member.

MCU LENDING CENTER

Smart Lending for a Brighter Tomorrow

Borrow with confidence—consolidate debt, cover expenses, or fund your next big goal.
project
paint-stroke-right-side-cropped
pattern-left
pattern-right

Lending Solutions for Life’s Big Moments

Flexible personal loans with no hidden fees—designed to fit your needs.

FEATURES & BENEFITS

COMPETITVE FIXED RATES

Icon-Check-Blue-Desktop Stay in control with rates as low as 7.99%.

FLEXIBLE TERMS

Icon-Check-Blue-Desktop Choose loan terms from 12 to 84 months.

NO HOME LIEN REQUIRED

 Icon-Check-Blue-Desktop Get funding without risking your property.

FAST ACCESS TO FUNDS

Icon-Check-Blue-Desktop Receive cash in a lump-sum payment within days.

NO FEES

Icon-Check-Blue-Desktop No application or prepayment penalties.

EASY APPLICATION PROCESS

Icon-Check-Blue-Desktop Apply online in minutes.

DEBT PROTECTION OPTIONS

Icon-Check-Blue-Desktop Protect your financial well-being with optional coverage.

USE FOR ANY PURPOSE

Icon-Check-Blue-Desktop Medical expenses, debt consolidation, or even a dream vacation—it's up to you!

Today's Rates

personal-loan-white-f

Personal Loan

$1,000-$50,000

36 Months

7.99 %

APR1
personal-loan-white-f

Personal Loan

$5,000-$50,000

60 Months

8.49 %

APR1
personal-loan-white-f

Personal Loan

$25,000-$50,000

72 Months

10.49 %

APR1
(1) APR = Annual Percentage Rate (OPEN TO READ FULL DISCLAIMER)

APR = Annual Percentage Rate (APR) represents the cost of credit over the loan term as an annualized rate.
All loan offers are subject to credit approval and program requirements.
Additional Rate Discount: Members may be eligible for an additional .25% rate discount with an established direct deposit to their MCU Everyday Hero Checking account. If your direct deposit is not established within 60 days of this loan, the Annual Percentage Rate will increase during the term of this transaction. If you discontinue direct deposit, your interest rate will increase by .25% and you will be required to make additional payments of the same amount until what you owe has been repaid. For example, if your loan was for $15,000 for 60 months at 6.25% and the rate increased to 6.50% after 24 months due to discontinuance of direct deposit, you would have to make 1 additional payment.
Rates & Terms: Rates, terms, and conditions are subject to change without notice. Additional restrictions and limitations may apply. Not all applicants will qualify for the lowest rate or longest term and may be offered credit at higher rates based on creditworthiness. Advertised rates assume excellent credit history and a 36-month term. For the most up-to-date rates, please visit our rates page.
Membership Requirements: MCU membership is subject to approval and requires opening and maintaining a savings (share) account. Applicants must be U.S. citizens or permanent resident aliens. Minimum Opening Deposit is $0.01, funded by MCU.
Additional restrictions may apply.

Get Peace of Mind with Debt Protection.

Debt Protection could be used to cancel your personal, or auto loan balance or payments up to the contract maximums should you experience a covered life event.


Call 844-628-6969 or visit any of our branches to get protection today.

debt-protection-zig-zag
BG-Elements_4 Blue Dots

Build Your Credit & Your Savings

Take control of your financial future with MCU’s Credit Builder Program. Whether you're establishing credit for the first time or rebuilding your score, this secured loan helps you build a positive payment history while earning interest in your Hero Savings account. Make consistent, on-time payments and strengthen your credit—one step at a time.
 

 . 

a happy couple descending down the stairs of a brooklyn brownstone coming from an open house-1
Dots 1-1

Visit the
Lending Resource Center

Personal Loans

The Smart Borrower’s Guide

How to Get the Best Rate on a Personal Loan

Personal Loans

Tips to Navigate the Lending Process

Here’s What You Need to Know Before Taking Out a Loan

3 Easy Steps From Application to Approval

1-icon-blue

Apply Online, By Phone, or In-Branch Today!
Choose the option that works best for you—apply online, call us, or visit your nearest branch.
Please note, you may need to upload your most recent pay stub and, if consolidating bills, provide potential credit card statements.

2-icon-blue

Get Approved:
Receive a quick decision and loan terms tailored to your needs.

3-icon-blue

Access Your Funds In a Few Days:
Approved funds are deposited directly into your account.

FAQs

Get Answers to Our Most Frequently Asked Questions.

What type of documentation do I need for a Personal Loan?

To apply for a personal loan at MCU you will need a few things.

  1. You will need to be an existing MCU member.
  2. You will need to submit a loan application—online, at your local branch, or by calling us at 1-844-MCU-NYNY (1-844-628-6969).
  3. You will need to provide proof of identity such as: Birth certificate, certificate of citizenship, driver’s license, military ID, passport, Social Security card, or state-issued ID.
  4. You will need to provide employer information and may need to provide income verification, such as: pay stubs, tax returns, W-2s and 1099s, bank statements, or employer contact information.
  5. You may also be required to provide additional documentation, but if that time comes, we will be sure to let you know.

What is the difference between a Personal Loan and Share Secured Loan?

The main difference is that a Share Secured Loan requires you to have funds on deposit that will be used as collateral for the loan at a lower interest rate compared to Personal Loans, which require no collateral.

How long does it take to get approved for a Personal Loan?

Personal Loan approvals can take as little as a few minutes. Once you apply, you can always check the status of your application online by visiting this link.

Can I get my payments taken out of my payroll?

Your payments can be automatically transferred from your MCU savings or checking account. Payroll deduction can be established to deposit directly to your savings or checking account.
Municipal Credit Union (MCU) is not responsible for the products, services, or content provided by third-party vendors or merchants. These third parties operate independently and may have privacy and security policies that differ from those of MCU. MCU disclaims any liability for the accuracy, availability, or practices of any third-party website.
You are now leaving the Municipal Credit Union website and entering a website hosted by another party. A link to this site is being made available for convenience and informational purposes only. Any products or services accessed through this link are not being provided by Municipal Credit Union and are solely the responsibility of the vendor or merchant hosting this other website. Please be advised that the vendor or merchant hosting this other website may have a privacy and information security policy that is different than that of Municipal Credit Union. Municipal Credit Union disclaims any responsibility for the content of the third-party website you are about to access.