Personal Loans

Rates starting at 7.49% APR*

Ready to get started?

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What you can expect from an MHV Personal Loan

Fill out an easy application and get your funds as quickly as one business day.1

Interest Rate (up to 47 months):   7.49% to 13.75% APR*

Interest Rate (48 to 60 months):   8.49% to 15.25% APR*

Loan Amount:   $300 to $25,000

Fees:   No application fee. No prepayment penalty

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Designed for Whatever Life Brings Your Way

  • Debt consolidation

    Debt Consolidation

    Pay down high interest credit card balances and save on interest.
  • House icon with wrench

    Home Improvements

    Renovate and refresh without tapping into your home's equity. 
  • Medical expenses icon

    Medical Expenses

    Handle unexpected medical bills and pay lower interest than most credit cards.
  • Graduation cap

    Educational Costs

    Put higher education within your reach.
  • Pool icons

    Major Purchases

    Finance big purchases without racking up higher-rate credit card debt.
  • Wedding cake

    Wedding Details

    Tap into a personal loan to fill the funding gaps for your all-important day.

We've helped 1,655 people with a personal loan in 20242

  • MHV is a great place especially for personal loans.
    Effrain R.
  • The overall personal loan process from beginning to end was easy and a pleasant experience. They did not rush me and answered all my questions.
    Nelson S.
  • Very easy and successful personal loan experience.
    Patricia B.

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.
I'm ready to apply

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.

*APR= Annual Percentage Rate, which varies based on credit qualifications and loan term. Promotional rate effective January 1, 2025 for members in good standing for loan amounts from $300 and to $25,000 excluding MHV refinances. Rate reflects a .25% discount for automatic payments from your MHV savings or checking account. Subject to change or terminate at the discretion of MHV. 

1Approval process may take longer if additional documents are requested.

2As of December 31, 2024.