Fuel Assistance Loan

Prepaying your heating bill through a Massachusetts fuel assistance program helps you budget more effectively, and you can receive the financing you need through MIT Federal Credit Union's Fuel Assistance Loan.

  • Fixed 6.50% APR* provides predictability in your monthly payments
  • Terms available up to 12 months
  • Loan amounts available up to $3,500
  • Checks are made directly to the utility/fuel company, or to reimburse funds used to purchase wood pellets, pellet stoves, cord wood, or wood stoves
  • Only one Fuel Assistance Loan is allowed at a time

*APR=Annual Percentage Rate. Payment example: A loan of $3,500 with a term of 12 months and an APR of 6.50% has an approximate monthly payment of $302.05.

Fuel Assistance Loans provide the ideal financial bridge for MITFCU members who want more predictable home energy payments.

  • Low monthly installment payment
  • Promotes financial stability and financial planning