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In Observance of Presidents' Day all MCU branches, and our contact center will be closed Monday, February 19.

NYMCU Digital Banking & the Mobile App will remain available.



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Personal Loan

Life Comes at You Fast. An MCU Personal Loan Can Help.

An MCU Personal Loan is a hassle-free way of consolidating debt or lessening the impact of a larger expense. If a personal loan is right for you, apply online now—it’s easy, and the application only takes a few minutes.

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Personal Loans to Cover All of Life’s Curveballs

With low rates and member-friendly repayment options, MCU makes it easy for you to handle your finances on your terms with a personal loan. And, borrowed funds can be used for any purpose—from consolidating bills to paying for a wedding.

When the Unexpected Happens, MCU is Here to Help.

Whether you need to take care of medical expenses, vehicle repairs, or a bill you didn’t see coming, the MCU Personal Loan gives you access to the cash you need, when you need it most.


Consolidate Your Debt Before It Gets Out of Control.

Tired of working hard to make hefty loan and credit payments each month that just seem to be going toward interest? A personal loan through MCU allows you to pay off your high-interest debts and switch to a single monthly loan payment instead.


A Personal Loan You Can Count On

Life gets expensive—and that can get stressful, fast. That’s why MCU allows you to borrow the cash you need without putting up your home or vehicle as collateral.

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Flexible Term Lengths

Choose the term length that best suits you and your family’s needs.

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$50,000 Borrow Limit

Members who qualify for an MCU personal loan may borrow anywhere from $1,000 to $50,000, depending on terms and approval.

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All-Purpose Funding

Paying off debt, family expenses, consolidating bills, covering medical expenses—the funds from a personal loan can be used to pay for almost any type of expense. And, if you have no credit or poor credit, you can use a Credit Builder loan to establish, build or improve your credit.

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Automatic Transfer

Never worry about missing a payment on a loan. Set up automatic transfer to conveniently ensure payments are always made on time.

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Competitive Rates & Payments

With low rates and affordable payment options, we make it easy for you to repay your loan over time—without the added financial burden of high interest rates.

Looking for More Loan Options?

Not seeing what you're looking for? Check out our other lending options.

No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

Show Me Products For My Life Right Now
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Banking That’s Always by Your Side

Manage your loan the easy way with the NYMCU Mobile and Online banking apps. Our easy-to-navigate platform gives you the tools you need to make banking smarter, not harder.

NYMCU Digital Banking

Lending Products Built for the Heroes of NYC

Whether you’re ready to purchase your dream home or have a job-related expense—we’re here to help. MCU offers the lending services you need to achieve your goals.

Make the Most of Your MCU Membership.

Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.

All about Private Mortgage Insurance (PMI)

Have you heard of PMI? PMI, short for Private Mortgage Insurance, is an insurance policy that helps protect the lender if the borrower can't pay their mortgage. ...

What to Consider Financially As A First-Time Homebuyer

So, you’re ready to buy your first home. Congratulations! For many people, taking this step is one of the biggest financial moves they will make in their entire lives. Because of ...

Mortgages 101: Getting Started on The Path to Homeownership

When you embark on the search for a new home, you may think you know the steps to take: Read the listings, visit some open houses, sign on with a Realtor, make an offer. In fact, ...

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.

Ready to Join the MCU Community?

Gain access to the products and services that help our members create a foundation for an excellent financial future—such as competitive rates, reliable banking, and educational resources to stay in control of your finances.

Join MCU Today
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