Personal Loans

Simple and Quick Application Process

Flexible Terms
up to 84 months

Repayment Options
with Fee-Free Skip Payments

Apply Now

Compare our Unsecured Loan Rates!

Banks

Up to 36 months | % APR

MRFCU

Up to 84 months | % APR

Average Rates

The following rates are the APR (Annual Percentage Rate) for unsecured loans, of up to 36 month terms, taken from the NCUA September 2018 Average Credit Union and Bank Rates Report. LIRFCU currently has two personal loan groups based on approval. These are (1) $5,000.00 max principle up to 36 month term, and (2) $12,000.00 max principle up to 84 months term.

Details

Up to $12,000.00 towards existing debt

Up to an 84 Month Term

As low as 8.99% APR

Current Personal Loan Rates

60 Months

8.99 %

APR

$20.76

Price per Thousand

72 Months

8.99 %

APR

$18.03

Price per Thousand

84 Months

8.99 %

APR

$16.09

Price per Thousand

More Terms Avaliable

12 Months

8.99 %

APR

$87.44

Price per Thousand

24 Months

8.99 %

APR

$45.68

Price per Thousand

36 Months

8.99 %

APR

$31.80

Price per Thousand

48 Months

8.99 %

APR

$24.89

Price per Thousand

APR=Annual Percentage Rate. Rates and terms are subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms.

Frequently Asked Questions:

What is an unsecured loan?

What is an Unsecured Loan?

No need to be alarmed! An unsecured loan simply means the loan does not have collateral. Mortgages, and Auto Loans have collateral, and are considered 'secured'. A personal loan is given to you based on your credit worthiness, and doesn't need collateral, so it considered 'unsecured'.

Can I have multiple Personal Loans?

Generally speaking, on an individual's account at MRFCU, there can only be one personal loan. However, there are no closing costs for refinancing the loan to increase your current balance, and the process for refinancing an existing personal loan is very simple. So if you are looking to take out additional funds but already have an existing personal loan, a refinance would be your best option.

Are my deposits insured?

Are there Prepayment Penalties?

No. We have no prepayment penalties on any of our Personal, Auto, Debt or Share-Secured loans. For example, if you pay the entire loan off after one month, you will only pay the interest that accrued over that period of time.

What are you waiting for?

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CONTACT US

LOCATIONS

MRFCU's Main Office is Located at:

346 Sunrise Highway
West Babylon NY 11704

For nationwide convenient access, find a location closer to you!
SHARED-BRANCH | ATMs

EMAIL US

Support Email Address:

creditunion@mrfcu.com

Secure Email Platform:

CLICK HERE

CALL US

Main Office:

631-661-4800 x371

After Hours Debit Card Support:

1-888-241-2510

Click to Learn More:

Auto Loans

MRFCU offers a range of Automobile Loans:

New & Used Purchase
Private or Dealer Sales
Lease Buyout & Refinances
Equity Cash-Outs

Learn More

Auto Loans

Personal Loans

MRFCU Whether for Vacation, Home Improvement, or Bills, our flexible personal loan program is perfect to get you the funds you need.

Learn More

Personal Loans

Debt Consolidation

Save yourself the hassle and interest payments, consolidate your high interest cards and debts into one lower-interest easy-to-manage debt consolidation loan.

Learn More

Debt Consolidation

Mortgages

Our In-House mortgage programs provide you with a diverse options of home lending, from 1st Mortgages of up to 40 year terms, home equity loans, and short term investor mortgages.

Learn More