PAY LESS TO BORROW WITH MHV

Why MHV is different

Financing with a local credit union means you’re literally taking ownership of your money; you join over 80,000 member-owners whose interests guide and define the decisions we make.

No Pre-Payment Penalty

Ready to pay your Personal Loan off? Go ahead. We never charge a pre-payment penalty.

No Application or Origination Fees

That’s right – we’re not going to charge you to apply for your Personal Loan. As a not-for-profit credit union, we try hard to eliminate fees.

Get Your Funds the Same Business Day

No need to wait. You can get your funds typically the same business day.

Get Started in 4 Simple Steps

Step 1

COMPARE OUR PERSONAL LOAN OPTIONS
RATES AS LOW AS

Personal Loan

Ideal for those looking to borrow money for a one-time expense with no hidden fees. You’ll receive the total amount of your loan as a lump-sum with a fixed interest rate and a fixed monthly payment.

6.75%

APR*
Line of Credit

Looking for a source of cash to use as you need it? A Line of Credit (LOC) gives you the ability to access funds only as you need them, either for emergencies, overdraft protection, or small projects, all with no hidden fees.

12.99%

APR*
Debt Consolidation

Debt consolidation loans allow you to combine higher-rate balances into a single payment with a fixed rate and no hidden fees. Perfect for getting ahead of higher-rate credit card debt.

6.75%

APR*
Not sure which option is right for you?

*Rates effective 7/1/19. Click 'View More Rates' for additional terms and conditions. 

Personal Loan rates range from a minimum of 6.75% to a maximum of 14.00% APR with terms ranging from 1 month minimum to 60 months maximum. Advertised rate based on credit qualifications. Rates will generally be higher for longer-term loans. No application or pre-payment fees apply. For example: 36 monthly payments of $30.78 per $1,000 borrowed at 6.75% will have a total cost of $1,108.08.

Are you paying more than 17%?

Compare an MHV Personal Loan Vs. a Credit Card

MHV Personal Loan High-Interest Credit Card
Balance $10,000 $10,000
APR 6.75% 17.53%
Monthly Payment $307.63 $307.58
Time to Pay Off 36 Months 45 Months
Fees No Fees Up to 5% Transfer Fees
Interest & Fees $1,074 $4,164
Savings $3,090

SAVE AN ESTIMATED $3,091 BY CONSOLIDATING YOUR CREDIT CARD DEBT TO AN MHV PERSONAL LOAN

**Average credit card APR as stated by bankrate.com as of 10/27/18.

Use a Personal Loan to fit your needs:

Consolidate Debt

Erase credit card debt and save hundreds on interest charges.

Vacation

Make that dream destination a reality!

Home Improvement

Renovate and refresh without tapping into your home’s equity.

Tuition

Put higher education within your reach.

Medical

Avoid charging unforeseen medical expenses to high interest rate credit cards.

Wedding

Finance the celebration of lifetime!

Step 2

Calculate Your Monthly Payment

Use our Personal Loan Calculator to estimate your monthly loan payment based on the amount you want, desired term and interest rate.

Step 3

Getting a Personal Loan is Quick & Easy

Apply Now
Have a Question? We’ll Contact You
Or call us at 845.336.4444

See What the Mid-Hudson Valley has to say About us

I’ve been a member for 40 plus years and have never had an issue with anything at MHV.

Gary B.

I love the ease of banking close to home, the many opportunities to get loans, and the wonderful people who work at the branches.

Angela M.

Frequently Asked Questions

STILL HAVE MORE QUESTIONS?



**APR = Annual Percentage Rate. Rates stated on the Federal Reserve System website  http://www.federalreserve.gov/releases/g19/current/#A13 as of 2nd Quarter 2018. The rate comparison provided is for illustrative purposes only.
***MEMBER’S CHOICE™ Borrower Security is a debt protection product offered by Mid-Hudson Valley Federal Credit Union. Enrollment in this debt protection product is voluntary and not required to obtain a loan. Please contact us for additional information on benefit maximums, eligibility, and limitations. DPGAP-0709-45A3