Pay less to borrow with MHV
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 fast
No need to wait. You can get your funds as quickly as one business day.
Use a Personal Loan to fit your needs:
-
Consolidate Debt
Erase credit card debt and save hundreds on interest charges. -
Home Improvement
Renovate and refresh without tapping into your home's equity. -
Medical
Avoid charging unforeseen medical expenses to higher interest rate credit cards.
-
Vacation
Make that dream destination a reality! -
Tuition
Put higher education within your reach.
ARE YOU PAYING MORE THAN 16%?
COMPARE AN MHV PERSONAL LOAN VS. A CREDIT CARD
| MHV Personal Loan | High-Interest Credit Card | |
|---|---|---|
| Balance | $10,000 | $10,000 |
| APR | 8.99% | 20.40%** |
| Monthly Payment | $317.95 | 324.61 |
| Time to Pay Off | 36 Months | 44 Months |
| Fees | No Fees | Up to 5% Transfer Fees |
| Interest | $1,446.24 | $4,282.91 |
| Savings | $2,836.67 | N/A |
Get Started in 4 Simple Steps
-
1
Compare
Consider how you may use your personal loan. Is a personal loan or line of credit a better option for you?
-
2
Calculate
Estimate your monthly payment. Personal Loans offer one low, fixed monthly payment. -
3
Apply
Loan amounts range from $500 to $25,000. Apply online in less than 10 minutes or visit your local branch. -
4
Get Your Funds
Start and finish your application all online and get your funds as soon as one business day. It’s that easy!
COMPARE OUR PERSONAL LOAN OPTIONS
RATES AS LOW AS
Personal Loan
8.99% APR*
Line of Credit
12.99% APR*
Debt Consolidation
8.99% APR*
*APR = Annual Percentage Rate. Rate available to member in good standing, based on credit qualifications, approved starting November 24, 2023 for loans from $500 and to $25,000. Rate reflects .25% discount for automatic payments from your MHV savings or checking account. As an example, a 36-month term with a fixed rate of 8.99% APR would result in an estimated payment of $31.80 for each $1,000 financed. Subject to change or terminate at the discretion of MHV. Federally Insured by NCUA.
Not sure which loan is right for you?
Call one of our loan advisors to answer any questions you have!
Or call us at 845.336.4444
CALCULATE YOUR MONTHLY PAYMENT
Estimate Your Monthly Personal Loan Payment Use our Personal Loan Calculator to estimate your monthly loan payment based on the amount you want, desired term and interest rate.
GETTING A PERSONAL LOAN IS QUICK & EASY
Or call us at 845.336.4444
Wonderful People
-
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.
Commonly Asked Questions About Personal Loans
-
In person – visit any Branch location to make a payment. Payments can be made at the teller line or with the Personal Tellers.
Over the phone - We can easily transfer funds from your MHV accounts to pay your loans with us. We also accept payments from non-MHV accounts via debit card or ACH. Please note there is a fee for payments made via debit card or ACH. Please see our Fee Schedule.
Online - To schedule one-time or recurring payments to an MHV Loan or Mortgage:- From an MHV account, simply click Move Money > Make or Schedule in Online Banking or tap Transfers in the MHV Mobile App. You can also tap More and use the quick link at the top of the screen in the MHV Mobile App.
- From a non-MHV account, simply click Move Money > Pay my MHV Loan in Online Banking or navigate to Pay my MHV Loan in the MHV Mobile App.
-
Yes, by setting up automatic payments from your MHV Checking or Savings Accounts. This qualifies you for a 0.25% discount.
-
Please visit our Rates Page to see our current rates.
-
If you applied online, visit the Application Status Center for the status of your loan application. If you applied in a Branch or over the phone, please contact us at 845.336.4444.
**APR = Annual Percentage Rate. Rate stated on the Federal Reserve System website http://www.federalreserve.gov/releases/g19/current/#A13 as of 2Q 2022. The rate comparison provided is for illustrative purposes only.