Woman cutting credit cards

Personal Loans & Lines of Credit

No hidden fees. Fixed rates

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. 

Woman with phone excited that her MHVFCU loan has no 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. 

Happy man

Get your funds fast

No need to wait. You can get your funds as quickly as one business day.

Happy woman

Use a Personal Loan to fit your needs:

  • Consolidate debt

    Consolidate Debt

    Erase credit card debt and save hundreds on interest charges.
  • Home improvement

    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.



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. 1


    Consider how you may use your personal loan. Is a personal loan or line of credit a better option for you?

  2. 2


    Estimate your monthly payment. Personal Loans offer one low, fixed monthly payment.
  3. 3


    Loan amounts range from $500 to $25,000. Apply online in less than 10 minutes or visit your local branch.
  4. 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!



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.

8.99% 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.

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.

Call center agent

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 


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.


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.