Couple taking a photo while hiking

Your Story. Our Personal Loan.

It’s not just money. It’s making the next step possible.

Keeping Personal Loans Personal

You’re not just borrowing money. You’re finding a way to write your story. You’re standing behind your loan application, with a hope, a need, a fear…and you need a lender who knows you’re not just another applicant.

Your story matters. We’re listening.

Different Journeys. Same Loan.

You don’t need a loan for the same reason your neighbor does. And that’s OK. With almost limitless possibilities, you can use the money from your loan for exactly what you need.

  • Pool icons

    Major Purchases

    Finance big purchases – anything from a generator to a pool – without racking up higher-rate credit card debt.
  • Debt consolidation

    Debt Consolidation

    The never-ending credit card bills. Always due on different days. Rates that make it feel like you’ll never pay them off. Get those balances down to $0 instantly with the money from your personal loan.
  • Graduation cap

    Educational Costs

    Not keen to take out a student loan? Capitalize on a lower-rate personal loan to purchase books, get a laptop, even make much-needed repairs to your car if you’re commuting to school.
  • Wedding cake

    Wedding Details

    Maybe you’ve been dreaming of the big wedding since you could walk. Or maybe it’s the top-end photographer whose Instagram caught your eye. Tap into a personal loan to fill the funding gaps for your all-important day.
  • Medical expenses icon

    Medical Expenses

    Planned or unplanned, medical expenses can hit your wallet hard. What you don’t need right now? More stress. Handle the expenses with a personal loan – and pay lower interest than most credit cards.
I want to apply now (Opens in a new window)

But is this the right solution for me?

  • Calendar icon

    Pick the term that works for you

    2 to 60 months – pick the repayment timeframe that works for you
  • Memebrs

    Be a member, not just a number

    Borrow from a Hudson Valley lender who’s been here since 1963
  • Lock icon

    Lock in - then lower your rate even more

    Lock in a 0.25% rate discount with AutoPay – your rate is fixed for the length of your loan
  • Coins icon

    Borrow as little as $500

    Don’t take on more debt than you need
  • Grace period

    Get a little grace

    Forgot to pay? No worries – you have a 10-day grace period
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Get Started in 4 Simple Steps

  1. 1

    Submit your application

    Apply online is as little as 5 minutes. The entire process can be completed without ever having to visit a Branch Location.
  2. 2

    Prepare your documents

    We’ll need proof of income, so have your W2 ready. If you’re consolidating debt, have your credit card account numbers and outstanding balances prepared.
  3. 3

    Watch your email

    We’ll be communicating with you about the status of your loan application via email.
  4. 4

    Get your money

    You can choose to receive a check or have the funds directly deposited into your account. If you’re consolidating debt, we’ll mail you checks that you can use to pay off your cards.


Our rates currently range from 8.99% to 16.75% APY.*

Commonly Asked Questions About Personal Loans

  • Please visit our Rates Page to see our current rates.

  • MHV is a credit union, which means you need to be eligible for membership. Anyone who lives, works, worships, attends school, or volunteers in Ulster, Orange, Dutchess, Rockland, Sullivan, Westchester, or Putnam counties is eligible. Your Savings Account, opened at time of application, secures your membership with MHV.
  • There are many factors that impact your eligibility. At a minimum, you must have proof of income and a credit score of at least 640. If you’re self-employed, you will be asked to provide your tax records as proof of income.
  • Our underwriters take many factors into consideration when reviewing your application. Two of the most important factors are your credit score and your debt-to-income ratio (DTI). DTI measures how much of your income is already going towards debt. In addition, rates will generally be higher the longer your term.

*Personal Loan rates range from a minimum of 8.99% to a maximum of 16.75% 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 $31.80 per $1,000 borrowed at 8.99% will have a total cost of $1,144.59. Personal Loan refinances are not applicable with promotional rates.