A personal loan can help you consolidate other debt and reach your goals faster.
Debt Consolidation is a reasonable solution to eliminate multiple payments and high interest rates. Our Financial Service Representatives can help put together a personal loan plan to pay off your existing debts and leave you with one loan payment!
Often, debt consolidation results in a lower payment because you are not paying higher interest on multiple loans or credit cards.
One more thing: a personal line of credit can used for emergencies or unexpected expenses. Personal lines of credit give you flexibility with your money when you find yourself in a situation where you do need to borrow. If this sounds like a good option for you, definitely apply now. Your line of credit will have a maximum limit and if you need less than that, just borrow what you need based on your situation.
Similar to a credit card, repayment starts 30 days after funds are accessed
Pay off your line of credit and use it again when needed
Easily access your line of credit with a cash advance to your Mutual 1st Federal account
Financing is subject to Mutual 1st membership, credit approval, and other underwriting criteria; not every applicant will qualify. Rates are based on an evaluation of credit history and other factors specific to your loan and may be higher than the lowest rates advertised. *APR = Annual Percentage Rate. Actual APR will be based on applicant creditworthiness, loan amount, and loan term and may be higher than the lowest rate advertised. APR is accurate as of 1/9/2023. For a $20,000 unsecured loan at 9.74% interest rate for 36 months with a $50 origination fee will have a 9.908% APR and a monthly payment of $642.88. Add .25% to the rate for payments that are not deducted from a Mutual 1st Federal account. Your APR will be based on characteristics of your credit transaction, including borrower credit rating and term. All loans subject to approval. Contact Mutual 1st Federal for complete terms and conditions.
Our Members, Their Stories
To all the wonderful people at Mutual 1st Federal – Thank You! You’ve been there for me every step of the way – providing my home mortgage and auto loans as well as my savings and money market accounts. You’ve been there for my business needs – providing guidance and support ... based on the best business practices and the highest ethical standards. So thanks for the remarkable relationship we built together over the past 30 years. Here’s to many more!
