Personal Loan & Debt Consolidation Financing
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.
Personal Lines of Credit Financing
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.
So it's an alternative to a credit card, which often times have crazy high interest rates.
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. Examples: A $5000 unsecured loan at a 8.49% interest rate for 24 months with a $50 origination fee will have a 9.42% APR and a monthly payment of $228.83. A $10,000 unsecured loan at a 8.49% interest rate for 24 months with a $50 origination fee will have a 8.96% APR and a monthly payment of $457.66. A $15,000 unsecured loan at a 8.49% interest rate for 24 months with a $50 origination fee will have a 8.804% APR and a monthly payment of $686.48. Rates, terms, and conditions are subject to change without notice. Other conditions may apply.