- Signature Loans
- Signature Line of Credit
- Certificate or Share Secured
- Private Student Loans
- Loan Protection
Getting a personal loan at Mainstreet is different. That's because we're people who live on the same street you do. We know how much getting the right loan at the right time can mean. Whether you are in need of a relaxing vacation, a new home computer or just some extra cash, Mainstreet Credit Union has the loan for you! We can give you the freedom to choose the things you want. Our loans feature:
- Competitive Rates
- Prepayment Without Penalty
- Flexible Terms
- Credit Disability or Credit Life Insurance
We also offer 100% financing, an optional 90-day deferment on your first payment and the ability to apply online or by phone 24 hours a day! Check out each loan type below.
Signature Loans allow you to borrow money for nearly any purpose including, but not limited to, computers, bicycles, home remodel projects, or that beautiful diamond necklace you've been dying to have (excludes business loans). Mainstreet bases your eligibility on your credit, financial resources and the amount of your loan request. Mainstreet Credit Union offers flexible terms up to 48 months, so a payment can be tailored to fit your budget. Apply for your loan online or by phone 24 hours a day.
Mainstreet Credit Union offers an open-end revolving Line of Credit for those who want the ability to borrow money anytime the need arises. At your loan closing you are given a credit limit that is the maximum amount that can be borrowed against your Line of Credit at any given time. With each payment that is applied to your loan, the amount of available credit will increase.
There is no limit to how often you take loan advances from your Line of Credit as long as the requested amount is equal or less than your available credit. Monthly payments are based on a 36-month amortization or $25.00, whichever is greater. A Line of Credit loan gives you quick access to cash when you need it the most. Apply for your loan online or by phone 24 hours a day.
Borrow money using your Mainstreet Share Certificate or your Mainstreet Share (Savings) Account as collateral. Funds may be used for practically anything, such as home improvements, auto purchase, vacation, you name it! If you have little or no credit established, this is an excellent way to build your credit while receiving a great low rate. Plus, dividends continue to accrue on your certificate or share account.
You can borrow up to 100% of the certificate balance or available share balance (minimum loan request $500). With available terms up to 60 months, you can tailor a payment that best fits your budget. The APR (Annual Percentage Rate) for a certificate secured loan is calculated by adding 2% to the APY (Annual Percentage Yield) earned on the certificate. Apply for your loan online or by phone 24 hours a day.
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Our low-cost student loan is designed to meet your education needs:
Easy application process and quick approval once complete
Competitive Interest Rates and with good grades get even lower rates
Interest Rate Reduction once you repay 10% of the loan
30-Day No-Fee Return Policy allows you to cancel the loan if you find a better option
Unfortunately, accidents, injuries and deaths occur every day. With the numerous financial responsibilities you take on, it's important to protect yourself and your family from the financial effects of a sudden disability or death.
What is MEMBER'S CHOICE Credit Life/Disability Insurance?
It's a way to help cover your family. There's no way your family can prepare for an unexpected death or disability due to injury or a medical-related illness, but you can take steps along the way to make sure your family is provided for if the unforeseen were to happen. MEMBER'S CHOICE Credit Life or Disability Insurance helps pay your loan, so your loved ones don't have to.*
How does it work?
The premium is included in your monthly loan payment. If you have a balance on your loan at the time of your disability or passing, MEMBER'S CHOICE Credit Life or Disability Insurance can help. By taking a few simple steps while signing your loan paperwork, you're helping take responsibility for your family's financial future. Your loan officer can show you how. You won't receive extra bills or statements; everything is included in your monthly payment.
You can cancel within the first 30 days for a full refund, or any time after that if you change your mind. If at any point you have questions, or if your family needs to file a claim, simply contact your credit union. Once you complete the loan documents, coverage begins for eligible borrowers.
Why is it valuable?
MEMBER'S CHOICE Credit Life Insurance will pay off your loan, and your family may not have to make payments from savings, salary or from other life insurance.* Your life insurance may be used for your family's other expenses.
MEMBER'S CHOICE Credit Disability Insurance will help pay your loan while you're totally disabled.* Regular disability insurance only covers a fraction of your salary and that's if you qualify. This helps close the gap. It's a safety net for your family so they don't have to use savings while you're totally disabled or medically ill.
*For terms of your contract agreement; up to your policy maximum.
Loan Application by Phone
Apply by phone 24 hours a day by calling (913) 599-1010 option #7 or toll-free at (888) 359-1010 option #7.
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