Personal Installment Loans
In the market for a new car? Ready to make your boat or motor home dream come true? Once you’ve found the perfect deal, MIDFLORIDA can help you make it happen. Stop by your local branch in Gainesville, Ocala, The Villages, or elsewhere in North Central Florida to learn more about our installment, personal, and consumer loan options. We work with you to create affordable loans at great rates.
What is an installment loan?
An installment loan has a specific repayment period and fixed monthly payment amounts. Also known as personal or consumer loans, MIDFLORIDA’s installment loans for cars, boats, motor homes and other similar purchases can make it easier to buy a car, boat, motor home, RV, or other large purchase from an individual rather than a company or dealership.
Installment Loan Benefits
- Competitive interest rates
- Get approved before you shop so you know how much you can spend
- Fast application processing
- Flexible loan terms to fit your needs and budget
How the Loan Term and Interest Rate Affect the Total of Payments
The total payments will depend on the interest rate, fees and length of the repayment period. For example, a longer loan term may result in lower monthly payments but greater interest charges over the total life of the loan. A higher monthly payment may mean a shorter repayment period and less interest to pay. Of course, the interest rate on the loan will also impact monthly payment amounts.
Where Banking is Personal
MIDFLORIDA has been helping people make smart purchases in Marion, Alachua, and Sumter counties for years. If you need a loan for a car, boat, RV or more, come to the lender that knows you best. Helping you reach your goals is our priority. We have competitive rates and terms that help make budgeting easier, plus personal service that’s second to none. As your true community credit union in North Central Florida, we may have more flexibility than bigger banks and all of our lending decisions are made locally.
Want to know how much you can afford before you purchase?
» Use our financial calculators «