2015 Holiday Loan*
AVOID LONG WAIT TIMES. Submit your request ONLINE and, once approved, verify receipt of funds ONLINE !
Get Your Holiday Loan*:
Pre-Qualified Holiday Loan Borrowers (Members previously granted a Holiday Loan, still meet applicable Lending criteria, and received a Pre-Qualified Holiday Loan offer.)
- Around October 13th, you will receive instructions on how to request a Holiday Loan Advance. This year s process has changed, so please follow the instructions.
- Loan funds will be deposited into your MECU Primary Savings account within 5 business days of receiving your advance request.
First-Time Holiday Loan Borrowers (Members applying for a Holiday Loan for the first time.)
Apply for a Holiday Loan for $1,500 at a 12.99% fixed APR* to be repaid within 12 months. Use it for upcoming holiday expenses, tuition payments, debt consolidation, or for anything you choose. Members must be in good standing with an existing direct deposit of net pay, or a Baltimore City Employee / Retiree, at the time of application.
- Starting October 29th. apply online (Select Personal Loan and enter Holiday under Loan Type ) or by phone using our 24/7 Loan Application Service at 800-373-2914.
- Loan funds will be deposited into your MECU Primary Savings account within 7 – 10 business days of receipt of all complete loan documents.
Get Your Holiday Dough*:
Loan funds will be deposited into your MECU Primary Savings account.
You can verify receipt of loan funds by:
- Logging into Online Banking
- Using Mobile / Text Banking
- Checking your balance at a MECU ATM
- Calling our 24/7 Telephone Teller System at 410-727-6540
* This is a limited-time offer to MECU Members in good standing with an existing direct deposit of net pay, or a Baltimore City Employee / Retiree, at the time of application. Offer available 10/13/15 – 12/31/15. Certain conditions apply. Subject to loan approval. New Holiday Loans are for $1,500 with a 12.99% fixed APR (Annual Percentage Rate) to be repaid within 12 months. The estimated monthly payment with optional Payment Protection (for involuntary unemployment, loss of life and disability protection) is $136.85. View details about optional Payment Protection. MECU reserves the right to change or withdraw this offer at anytime.