Personal Loans
At M&F Bank, we are dedicated to helping you achieve your goals. We’ve designed our trusted personal loan services to empower you and your financial needs. Whether you’re seeking a credit card, personal loan, auto loan, or want to access the equity in your home, our local bankers are here to guide you through the process.
Explore a wide range of personal loan options
Personal Unsecured Loan
Gain access to funds without the requirement for collateral.
- Our personal unsecured loans feature terms up to 60 months* and provide you with amounts ranging from $2,500 to $25,000.
Personal Unsecured Line of Credit [Masterline]
Experience the convenience of a personal line of credit. Always have immediate access to funds with line amounts between $2,500 and $20,000.**
Secured personal loans and lines of credit
We offer two types of deposit-secured loans and lines of credit.
- A Savings Secured loan allows you to utilize your M&F Bank savings account as collateral and enjoy a favorable interest rate while still earning interest on your deposits. You may also choose to secure your loan with a Certificate of Deposit (CD).
- A CD-secured line of credit similarly allows you to use your time deposit to draw funds whenever you need, with terms of up to 36 months. Whether you have unexpected expenses or want to upgrade your home, our line of credit can help.
Apply for a personal loan online.
Our online application process is conveniently simple. Take the first step towards financial independence by applying for a personal loan or line of credit today. Our personal loan calculator will help you make informed decisions by providing detailed cost estimates, including monthly payments, total cost, and interest amounts.
Meeting your needs and supporting your growth
At M&F Bank, we believe in providing more than just loans. We strive to create a supportive community by offering financial tools and credit and providing knowledge and counseling to guide you in making informed financial decisions. Our mission is to close the wealth gap and empower the growth of our community.
Loan criteria and application requirements
To apply for a loan, please ensure you meet the following criteria: You must be at least 18 years old and a U.S. citizen or resident. Before starting the application process, gather the following information: personal and residential details, employment and income information, as well as the purpose and amount of the loan.
Experience M&F Bank’s unique approach
When it comes to personal loans, M&F Bank is here to provide a personalized experience that will help you accomplish your economic goals. Embark on your tailored financial journey with us today, and let us help you transform your dreams into reality.
If you’re seeking financial empowerment, take the first step toward your goals and apply for a personal loan today! Whatever your needs, we can help.
*The 60-month term is available for loans starting from $15,000.
**Please note that a personal unsecured line of credit requires an M&F Bank checking account.
