Personal Loans
A Personal Loan Built Around You.
Life doesn't always fit neatly into a financial plan.
From specific goals to unexpected expenses, MTC Federal provides a variety of options to fit your needs.
Personal Loan Solutions
One loan. A lot of possibilities.
or give you some breathing room when an unexpected expense comes along.
Consolidate Debt
Bring multiple higher-interest debts together into one predictable monthly payment.
Home Improvements
Take care of repairs, upgrades or smaller projects without tapping into your home's equity.
Unexpected Expenses
When life doesn't go according to plan, access the funds you need to handle the unexpected.
Weddings & Special Events
Spread the cost of life's important moments over manageable monthly payments.
Travel & Major Purchases
Finance a planned expense without putting everything on a higher-rate credit card.
Other Personal Expenses
Have something else in mind? Talk with our lending team about your needs and we'll help you explore your options.
Personal Loan Options
Find the Right Personal Loan
for Your Needs.
Not every financial need requires the same solution.
That's why MTC Federal offers different ways to borrow.
Personal Custom Loan
Best for a defined expense when you know approximately how much you need.
Features:
Personal Line of Credit
Best when you want ongoing access to funds rather than borrowing everything at once. Apply once for an approved credit limit, use funds as needed and pay interest only on the amount you owe.
Secured Loan
Borrow using your savings as collateral — keep the money you've saved working for you while you access the funds you need at a competitive rate.
Why Choose Us
You're More Than an Application at MTC Federal
At MTC Federal, we're a member-owned, not-for-profit credit union. That means our lending team is here to help you find a financial solution that makes sense for you — not simply sell you another loan. We'll take the time to understand what you're trying to accomplish, review your options and help you determine the right path forward.
Working Hard for Hardworking People. That's more than our tagline. It's how we've approached lending for over 50 years.
| MTC Federal | Traditional Lender | |
|---|---|---|
| Member-owned, not-for-profit | Shareholder/profit driven | |
| Personal guidance | Often application driven | |
| Competitive credit union rates | Rates may be higher | |
| Multiple borrowing solutions | Product-specific approach | |
| People who listen first | Transaction-focused experience |
The Loan Process
Getting a Personal Loan Is Simple
Tell Us What You Need
Speak with a lending expert about what you're trying to accomplish.
Review Your Options
We'll review your financial needs and discuss loan options, rates, terms and estimated payments.
Choose the Right Loan
We'll help you understand your choices so you can make an informed decision.
Get Your Funds
Once approved and your loan is finalized, you'll receive your funds and begin making predictable monthly payments according to your loan agreement.
Get Pre-Qualified
Find the Right Financial Solution for You.
You don’t have to know exactly which loan you need before you talk with us. Tell us what you’re trying to accomplish, and an MTC Federal lending expert will help you explore your options. Just fill out the form below or call us direct at 800-277-8793 to get started.
Common Questions
FAQs About Personal Loans
A personal loan is a fixed-amount loan you receive in one lump sum and repay in predictable monthly instalments over a set term, typically at a fixed interest rate.
Just about anything — consolidating higher-interest debt, home improvements, unexpected expenses, weddings, travel, and other major purchases.
Yes. A personal loan lets you combine multiple higher-interest balances into one predictable monthly payment, often at a lower fixed rate than a credit card.
A personal loan gives you a lump sum upfront with a fixed rate and payment. A line of credit is revolving — you're approved for an amount and can draw on it as needed, paying interest only on what you use.
A personal loan is unsecured and doesn't require home equity as collateral. A HELOC uses your home's equity as security, which usually means a variable rate and closing-cost-style requirements.
Your rate depends on factors like credit history, loan amount and term. Speak with a lending expert for a personalized rate quote.
Good credit helps you qualify for our best rates, but we look at your full financial picture — our lending team is here to help you find the right option for your situation.
Yes, you'll need to be a member to get a personal loan, but joining is easy and our team can walk you through it as part of your application.
Apply online, call us, or visit a branch to speak with a lending expert who can walk you through your options and help you get started.