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What’s New

Offering Loans on Your Terms

by Lori Hays | Jan 25, 2021
One of the most significant advantages we offer our members is lower interest rates on loans. But equally important is its term. When you take out a loan, you can choose the length of the loan that just right for you.

As a member of Merck Sharp and Dohme FCU, you enjoy the many benefits we offer, including personalized service, eService convenience; a voice in the way your Credit Union operates; and competitive rates on your savings.

One of the most significant advantages we offer our members is lower interest rates on loans. But equally important is its term. When you take out a loan, you can choose the length of the loan that just right for you. With various product terms from 5 years to 15, you can customize the loan to make it work for you. Our loans offer you the best of both worlds, with an easy application and qualification process, plus a quick turnaround from beginning to end.

We are excited to announce that the maximum loan term for a Personal Loan has been extended from 5 years (60 months) to 6 or 7 years (48 and 84 months)

When you need a bit of extra cash for a reason that doesn’t fit neatly into any other category, consider a personal loan. The application process is quick and easy, and you can use the extra money any way you please, from funding a dream vacation to paying for wedding expenses to covering the costs of adopting a child. With modest interest rates, you’ll enjoy an affordable payback plan throughout the life of the loan.

Home Equity Loans now have a new lower rate of 2.99% APR* across all terms.

Are you looking to fund a home renovation or expansion? Or, do you want to tap into your home’s equity and take out a secured loan you can use any way you’d like? Consider taking out a home equity loan or a home equity line of credit (HELOC). With this incredible rate of 2.99% APR* at term, from 5 to 15 years, you can take your time and enjoy your home.

You’ll always benefit when you choose Merck Sharp & Dohme FCU. As a nonprofit, member-owned cooperative, our only goal is your financial wellness. Speak to us today about taking out a low-interest loan of any kind.

 

Personal Loan Specials

TermsAPR
up to $50,000 and up to 7 years3.99%
Rate subject to change without notice. Estimated monthly payment per $1,000 borrowed at 3.99% APR is $13.66 for 84 months; at 3.99% APR is $15.64 for 72 months; at 3.99% APR is $18.41 for 60 months; at 3.99% APR is $22.57 for 48 months; at 3.99% APR is $29.52 for 36 months; at 3.99% APR is $43.42 for 24 months; at 3.99% APR is $85.15 for 12 months. Personal Loan Application

Home Equity Loans

TermsAPR (Up to 80% LTV)APR (Up to 81% TO 90% LTV)
5-Year Home Equity2.99%3.49%
7-Year Home Equity2.99%3.49%
10-Year Home Equity2.99%3.49%
15-Year Home Equity2.99%3.49%
Home equity loans are subject to a $150 non-refundable application fee. Loan to Value (LTV) maximum is 90%. Estimated monthly payment per $1,000 borrowed at 2.99% APR is $17.96 for 5 years and at 2.99% APR is $13.21 for 7 years and at 2.99% APR is $9.65 for 10 years and at 2.99% APR is $6.90 for 15 years. Rate 0.50% higher for 81%-90% LTV. My Advantage rate does not apply. APR = Annual Percentage Rate Home Equity Loan Application