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Personal Loans

Get funds for almost anything.

Whether you want to make a special purchase, to take a or plan vacation, consolidate debt, or cover an unexpected expense, turn to MSDFCU for personalized borrowing options.  Partner with us to help you find the right solution. 

Personal Loans 

A loan can be the answer if you know how much money you need.

  • Borrow up to $75,000 
  • Choose terms up to 84 months
  • Use eSignature and avoid a trip to the branch to receive your funds
  • Funds can be deposited into your MSD account of your choice - savings, checking, and money market
  • Set up automatic payments through your MSDFCU checking account

TAP - Personal Line of Credit

If you need more financial flexibility, opt for the TAP credit line. 

You’ll use your account as usual: a check, online banking transfer, or in-branch withdrawal. You can even apply to withdraw funds from your credit card or TAP line of credit via ATMs. Since it is a line of credit, the funds become available again as you pay off the loan each month – similar to a credit card. 

The perks of TAP are many:

  • There is no annual or monthly fee
  • Maximum line of credit amounts up to $75,0001
  • Borrow in increments of $100
  • Automatically covers overdrafts to your MSDFCU checking account
  • Variable APR lower than most credit cards

Savings Secured Loan

Looking for a great way to build credit?

Consider a Savings-Secured Loan. You’ll receive a lower rate since your savings are pledged as collateral for the loan. As you pay off your loan, the corresponding amount of savings is available to you. CDs, regular savings, etc., can all be used to secure the loan.

  • Terms up to 60 months 
  • You may have multiple Savings-Secured Loans; the only limit is the amount of savings you have available to pledge

Collateral Secured Loan

An item of value is pledged as collateral for the loan. If you pay your loan, the collateral remains in your possession. However, should you default on the loan, the Credit Union would have the right to sell the collateral to pay off the loan. This type of loan also offers a lower rate than unsecured loans, but you should be aware of the consequences if you cannot afford the loan.

  • MSDFCU accepts auto titles that are free & clear for vehicles seven years old or newer as collateral
  • You keep your savings intact
  • Receive a lower rate than most other types of loans
  • Collateral remains in your possession
  • It’s a great way to build your credit


Skip the trip to the branch; use eSignature.

eSignature speeds up the loan process to quickly and securely get your funds to you. With eSignature, there is no need to come into a branch to sign for your loan – sign anywhere you can access the internet. This service can be used for auto loans and personal loans.

To use eSignature, apply online for an eligible loan. When you apply, you can note in the comment section that you want to sign your documents electronically. When your loan is approved, you will receive a call from MSDFCU with instructions on completing your loan using eSignature.

The right financing can help you accomplish big things.

What can a personal loan be used for? 

The beauty of a personal loan is that you can use it for just about anything. Some of the most common uses include, debt consolidation, dream wedding or vacation, medical bills…almost anything! 

Can I Use a Personal Loan to Pay Off Credit Card Debt?

Yes, and our personal loan rates are lower than most credit card rates. 

Are there penalties for paying off my personal loan early?
No, you may pay off your loan any time during the term without a penalty. 
What Personal Loan Fees Should I Know About?
There are no upfront fees.

*The $75,000 limit is an aggregate of all unsecured loans (Credit Cards, Personal Loans, Easy-Access Line of Credit, etc.) and is based on your credit. The limit you may borrow could be less if you have other unsecured loans with MSDFCU.

*APR = Annual Percentage Rate.

1The $75,000 limit is an aggregate of all unsecured loans (Credit Cards, Personal Loans, Tap Line of Credit, etc.) and is based on your credit. The limit you may borrow could be less if you have other unsecured loans with MSDFCU. Offer subject to change or withdrawal without prior notice.