Pay Less to Borrow with MHV

 No Application or Origination Fees

 No Pre-Payment Fees

 Get Your Funds Typically the Same Business Day

Get Started in 4 Simple Steps

Step 1


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.


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.


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.



*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


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

Use a Personal Loan to fit your needs:

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

What personal loan options do you offer?

We offer Personal Loans, Lines of Credit, and Debt Consolidation loans. These loan options can be used to cover the following costs: Vacations, Home Improvement, Tuition, Medical, Wedding, and more! View our current rates and apply online today!

What options exist if I am experiencing financial hardship? Can I apply even if I am coming out of bankruptcy?
MHV strives to work with any members who are experiencing financial hardship through what’s called a workout loan. You are not required to have good credit to apply for a workout loan, even if you are coming out of bankruptcy. We will pull a credit report to determine your best loan option, although your credit report alone is not the only information reviewed in the lending decision. Please contact us at 845.336.4444 to discuss your specific situation.
What is the status of my loan application?
If you applied over the phone or in one of our Branches, please call 845.336.4444 to check on the status of your application.
If you applied for your loan online or through our Mobile App, you will receive an email within one business day to update you on your application status. You may also email us at or call 845.336.4444.
Can I make my loan payment over the phone?
Absolutely! We can easily transfer funds from your MHV Accounts to pay your loan. We can also accept payments from non-MHV Accounts via a debit card or a bank transfer. You’ll need your account number and your financial institution’s routing number to complete a bank transfer. Please note, there is a fee for payments made via debit card or bank transfer over the phone. To avoid paying a fee, simply use the “Move Money” feature on Online Banking. Please refer to our Fee Schedule  for current amounts.


**APR = Annual Percentage Rate. Rates stated on the Federal Reserve System website 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