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MidFlorida Credit Union Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 10 Aug 2023
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MidFlorida Credit Union logo

MidFlorida Credit Union was founded in 1954, and it became a state-chartered credit union in 2009. MidFlorida has $6.05 billion assets, and membership of over 421,180. They offer a full line of banking services, including loan and deposit services, payment solutions, investment management, and financial planning.

We all know that emergencies come up from time to time. But how much do you really need? A personal loan, such as a MidFlorida Credit Union personal loan, can be an easy way to get a quick fix for your problem, but before applying make sure it’s something you can see through to the end. The MidFlorida Credit Union personal loans calculator can help figure out whether or not this might work in terms of how much you have to pay, monthly and overall.

Personal loans have an annual percentage rate (APR) varying from around 3% to 36% APR. The interest rates you can receive will depend on a range of factors, such as your credit score, income, and debt-to-income ratio. On a loan of $10,000 over 5 years, the cost could vary between $10,781 and $21,680. The interest cost is between $781 and $11,680.

A quick guide to MidFlorida Credit Union personal loans

A personal loan, like one from MidFlorida Credit Union, typically has lower rates than credit cards. Look at the features and benefits so you can figure out if they fit your personal expectations and payment preferences:

  • Loan amount range: $500 to $10,000
  • Loan amount range: $500 to $10,000
  • Prepayment penalty: $0
  • Interest rate: fixed
  • Interest rates: as low as 11.09% APR
  • Loan option: without collateral

Requirements for aMidFlorida Credit Union personal loan

A MidFlorida Credit Union personal loan is only available to current members and employees. If you are not yet a member, there are different ways to join. Membership is available to anyone who:

  • Lives, works, worships, or attends school in MidFlorida Credit Union recognized counties
  • Is a family member of a MidFlorida Credit Union member
  • Is a current or former employee of MidFlorida Credit Union recognized establishments, businesses, or institutions

There is no available information on borrower criteria for a MidFlorida Credit Union personal loan. Typically, most lenders have a general expectation among potential loan applicants. These are the following:

  • Social security number
  • Driver’s license or state-issued ID
  • Utility bill, lease/rental agreement, or mortgage statement
  • Pay stubs or bank statements

 

MidFlorida Credit Union personal loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

$20,000

Term

3 months

Change
MidFlorida Credit Union

MidFlorida Credit Union personal loans

MidFlorida Credit Union personal loans
Estimated Month Repayments
$637 Inclusive of fees
Interest Rate
9.07%
APR
Repayment Period
6 months
to 60 months
Loan Amounts
1000
to $20,000
Go to site
Look to MIDFLORIDA to finance your next vehicle or other borrowing need with competitive rates and flexible terms. Get current rates for auto loans, recreational vehicles, home equity and personal loans below.
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Wells Fargo

Wells Fargo personal loans

Estimated Month Repayments
$606 Inclusive of fees
Interest Rate
5.74%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$3,000
to $10,000
Go to site
Checking and savings accounts and credit cards for your everyday business expenses and cash management.
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Eastman Credit Union

Eastman Credit Union personal loans (Shared Secured Personal Loan)

Estimated Month Repayments
$848 Inclusive of fees
Interest Rate
29.90%
APR
Repayment Period
12 months
to 12 months
Loan Amounts
$1,000
to $20,000
Go to site
ECU offers extraordinary products & services that make life just a little easier.

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

 

Pros and cons of MidFlorida Credit Union personal loans

Pros

  • A wide range of borrowing limits
  • No prepayment penalties
  • No collateral
  • Option for automatic payments
  • Fast online application process

Cons

  • High base interest rate

Frequently asked questions

How much can I borrow from MidFlorida Credit Union?

MidFlorida Credit Union offers personal loans between $500 and $100,000.

How long should I repay a personal loan from MidFlorida Credit Union?

The loan from MidFlorida Credit Union can be repaid for up to 5 years.

How much does MidFlorida Credit Union charge for its personal loans?

The personal loan rates from MidFlorida Credit Union start at 11.09% APR.

What number do I need to call to ask about personal loans from MidFlorida Credit Union?

You can call 863.284.5626 to find out more about MidFlorida Credit Union personal loans.

Can a personal loan from MidFlorida Credit Union affect my credit score?

Applying for a personal loan can cause a slight dip in your credit score. This happens when lenders run a hard inquiry on your credit. On the other hand, paying off a personal loan in a timely manner should boost your overall score.

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Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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