Personal Loans

Lock in your low-rate loan today!

From debt consolidation and unexpected expenses to financing vacations outside of Baltimore, Maryland and everything in between, MECU Credit Union's no-fee personal loans make cash flow worry-free.

Apply by phone with our Loan by Phone team:

Get the cash you need at an interest rate you'll love

Get a secured or unsecured loan, or personal credit line

Lower interest charges keep monthly payments under control

No application fee, origination fee or prepayment penalty

Unsecured Personal Loans

Competitive rates with no collateral requirement.

  • No application fee, origination fee, or prepayment penalty
  • Loan amount up to $30,000*
  • Easy online application with fast decision
  • Protect your loan with low-cost Loan Payment Protection
Personal Line of Credit

You can use a Personal Line of Credit anytime.

  • Unsecured line of credit with a pre-set limit
  • Lines of credit from $500 up to $30,000*
  • Works similarly to a credit card - apply once and receive a credit limit
  • Access your account through MECU Online Banking, MECU telephone teller, or a MECU branch
  • Use as overdraft protection for your checking account
  • No application fee, origination fee, or prepayment penalty
  • Protect your loan with low-cost Loan Payment Protection
Share/CD Secured Loan

Build your credit by borrowing against your MECU savings. You'll receive an incredibly low rate while continuing to earn interest on your Share Savings or CD account.

  • Borrow up to 100% of a Share Savings/CD account balance
  • Enjoy an interest rate of 3.5% above the rate on your Share Savings/CD account
  • No application fee, origination fee, or early pay off penalty
  • Protect your loan with low-cost Loan Debt Protection

Choose the accounts you’d like to compare

Unsecured Personal Loans

Personal Line of Credit

Share/CD Secured Loan

Bill consolidation, car repairs, and other expenses
Emergency fund, car repairs, and Overdraft Protection
Tuition expenses, bill consolidation, and other expenses
No
No
Yes (backed by Share Savings/CD)
As low as 10.24%
As low as 12.74%
3.5% above Share Savings/CD rate
None
None
None
One-time, lump sum loan
Ongoing access, works like a credit card
One-time, lump sum loan
Easy online application, fast decision
Apply once for a pre-set limit
Simple approval tied to account balance
Optional low-cost Loan Payment Protection is available
Optional low-cost Loan Payment Protection is available
Continue earning interest on secured account; optional low-cost Loan Payment Protection is available

I can say I made the right decision when I applied for a MECU auto loan. Thank you MECU team!

Kalia D.

Get a low-rate loan.

*APR=Annual Percentage Rate. The minimum loan amount may be higher and the maximum loan amount may be lower than stated above depending on the loan type and your credit score, income, debt-to-income and total unsecured debt with MECU. Other terms and conditions may apply. Subject to credit approval and membership eligibility.