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Personal Loans

Surprise expenses are sometimes a part of life - a once in a lifetime opportunity, medical expenses, unexpected vehicle repair, and more. Mocse is here to help you handle the surprises both expected and unexpected.

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Learn which Mocse option will work best for you!

Swipe left to view the full table.
  Personal Loan Line of Credit Share Secured Loan Income Protection Loan
Decision based on: Credit Credit Amount in savings account Length of membership
Type of credit: Installment loan Revolving line of credit Installment loan Installment loan
Disbursement: One time advance Recurring as needed One time advance One time advance

Personal Loan

A Personal Loan is a one-time advance to help members needing cash for planned or unplanned expenses.

What is this loan best for?

  • Unexpected expenses and you know exactly how much you need
  • Planned expenses such as a wedding, vacation, taxes, landscaping or furniture

Benefits & Features:

  • Low, fixed rate
  • Repayment terms up to 48 months*

Personal Line of Credit

Enjoy the flexibility of allowing you to spend what you need, when you need it with a low, variable rate(1) Personal Line of Credit.

What this loan is best for:

  • Flexible spending as needed
  • Pay as you borrow
  • Can be used an overdraft source(2)

Benefits & Features:

  • Low, variable rate
  • Credit limits up to $30,000(3)
  • Withdraw available funds in branch or in online banking

Share secured Loan

A Share Secured Loan is a loan conveniently secured by your existing Share Savings Account(4)

What this loan is best for:

  • Building and establishing credit
  • Funds are needed but you'd like to continue earning dividends on your savings account
  • Pay a low loan rate

Benefits & Features:

  • Low, fixed interest rate with predictable monthly payments
  • Interest rate is based on the dividend rate you earn on your existing Share Savings Account plus a margin of 3%(5)
 

Interest Rates

Personal Loan Personal Line of Credit Share Secured Loan
Fixed Interest Rate
8.99% - 17.99% APR
Variable Interest Rate
12.00% - 18.00% APR
Fixed Interest Rate
Dividend Rate +3.00% APR
*Payment Example: Pay $31.80 per month per $1,000 borrowed at 8.99% APR for 36 months. Payment Example: $50 minimum or 3% of balance, whichever is more. Payment Example: Pay $22.14 per month per $1,000 at 3.00% APR for 48 months.
Actual interest rate will be provided upon approval of a completed loan application

(1)The Annual Percentage Rate (APR) is based on the following formula: the highest commercial prime-lending rate of interest as correctly published in the Wall Street Journal, Western Edition, on the most recent publication date prior to the first day of the quarter, or index plus a margin. The index, margin and APR will be disclosed to you when the loan is approved. Maximum interest rate is 18.00% APR.

(2) Based on borrower's credit worthiness and membership in good standing. Other restrictions may apply

(3) Minimum transfer for overdraft protection is $200.00

(4) Not available on Share Money Market Accounts

(5) Fixed interest rate based upon the dividend rate being paid on the shares securing the loan at the time that the loan is made

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Routing Number:
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If you are using a screen reader or other auxiliary aid and are having problems using this website, please contact us at 1-800-44-Mocse (1-800-446-6273) for assistance. Please be assured that all products and services available on this website are available at all Mocse branches.

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