Buy Now, Pay Later

Q: How do I apply for a BNPL loan?

There is no application for an MIT Federal Credit Union BNPL loan. All Split Your Payment and Plan Your Purchase BNPL offers found within your Online Banking are pre-qualified for you to view and accept. You will receive a copy of the loan agreement in your email.

Q: How soon will I see my purchase amount deposited back into my account?

After you have accepted an MIT Federal Credit Union BNPL offer, your purchase amount will be deposited into your account in moments. In some cases, it can take up to 24 hours.

Q: Does BNPL require a credit check?

No, MIT Federal Credit Union’s BNPL offering does not require a credit check.

Q: Can I pay off my BNPL plans early?

Yes. You can pay off your BNPL plans early through your MIT Federal Credit Union Online Banking or at a branch.

Q: Why can't I see any BNPL offers?

If you do not see any BNPL offers, this may be because your current account status is not eligible for BNPL. If you already have active BNPL plans, you may not be eligible for additional offers until the active plans are paid back. If you are eligible for Plan Your Purchase but do not see Split Your Payment offers, this may be because your recent debit card purchases are not eligible for BNPL.

Q: What makes a purchase eligible for Split Your Payments offers?

A purchase eligible for Split Your Payments is a debit card purchase made within the past 60 days that is at least $100 and was not a cash equivalent purchase (e.g., ATM withdrawal, money order, cash advance). Other restrictions surrounding the merchant type and transaction limits may affect BNPL eligibility.

Q: Does my use of Plan Your Purchase impact the Split Your Payments loans available to me?

Yes. Your eligibility for BNPL offers is partly determined by the number of outstanding loans you have active. Therefore, taking out Plan Your Purchase loans may impact how many Split Your Payments offers they are eligible for, and vice versa.

Get extra funds fast for your purchases and spread those payments over time. No credit check. No application. Start shopping today!

Flex your budget. Pay your way.

Buy Now, Pay Later from MIT FCU offers two types of services available to eligible members with a Checking Account. Whether you are planning a purchase or looking to spread out payments for one you’ve already made, Buy Now, Pay Later can help manage your cash flow and stay within your budget.

man holding phone

Enjoy two services

Plan Your Purchase offers are for members who need funds upfront to make a purchase and would like to pay for the loan in installments over time.

Split Your Payments offers are available to members who have already made eligible debit card purchases and would like to pay for those purchases in installments over time.

Here's how it works

Account holders are now able to pay for purchases over time. Whether you are planning a purchase or spreading payments for one you’ve already made, you may have offers waiting for you.

Step 1

Step 2

Choose to Split Your Payments or Plan Your Purchase.

Step 3

View and accept pre-qualified offers.

Step 4

Receive funds in your account in moments.

You're already qualified—start shopping today!

No credit check.
No application. Your BNPL offers are tailored for you and are pre-qualified. Simply view and accept to proceed.
No new cards and accounts. Continue using your existing MIT FCU checking account and debit card when accessing offers.
Everything is in your online banking. Review and manage your BNPL offers, plans, and payments in one place.

Frequently Asked Questions

How do I apply for a BNPL loan?

How soon will I see my purchase amount deposited back into my account?

Does BNPL require a credit check?

Can I pay off my BNPL plans early?

Why can't I see any BNPL offers?

What makes a purchase eligible for Split Your Payments offers?

Does my use of Plan Your Purchase impact the Split Your Payments loans available to me?

Membership eligibility required. Buy Now, Pay Later loans are available for qualified purchases made with your debit card. Excludes cash equivalents. Subject to credit approval. Some restrictions apply.

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