A Personal Loan Should Be Stress Free

Let's help you get the money you need



Feel free to call (937) 498-1195

3 Simple Steps to Get a Personal Loan

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1. Prepare

Determine how much money you need and how you plan to use the funds for. 

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2. Calculate

Calculate your estimated monthly payment based on the amount and a realistic rate. 

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3. Apply

Quickly get the money for all your needs. We'll guide you through the process. 


"The customer service is awesome, and it’s the best bank around!"

-Jessica S.

Step 2: Estimate Your Monthly Payment

No matter your plans, you'll want to have an idea as to what your monthly payment will be. Our payment calculator helps show you what your payments could be depending on your interest rate, term, and loan amount.


Step 3: Apply

Our loan officer will confirm your rate, guide you through the application process, and answer any questions you may have.


Frequently Asked Questions

What is the difference between a secured and unsecured loan?

With secured loans, the bank places a lien on some sort of property that belongs to the borrower (car, motorcycle, certificate of deposit, etc.) so in the event that we do not get repaid for the loan, the bank has the authority to sell that property and try to recover its losses. 

Unsecured loans are given based only on a borrower's promise to repay.

Unsecured loans are more risky for the bank because they do not have any collateral for the bank to hold as security. As a result, the interest rate on an unsecured loan is higher than if it were a secured loan, and the underwriting standards are stricter.

I have less than perfect credit, can I get a loan?

Here at Mutual Federal, we try to offer flexible financing terms to help people even if they have some credit issues. However, there are still times when we have to deny a loan.

If we can't help you today, our lenders will counsel you on things you can do to improve your credit so you can come back again and apply successfully in the future. 

Does it cost anything to apply for a loan?

We never charge just for applying for a loan.

A personal loan will have $175 in total prepaid finance charges (a $75 origination fee and a $100 processing fee). The finance charges are only charged once, when your loan has been finalized.  Fees can be financed into the balance of your personal loan which means if you take out a $2000 loan, you receive $1825 from Mutual Federal. 

Can I pay my loan off early?

Definitely! We do not charge any prepayment penalties for paying your loan off early.