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Automatic Loan Payment

Do you worry about remembering to pay your loan on time each month? Our Automatic Loan Payment* service will take care of that and is convenient, easy and free to set-up!

  • your monthly mortgage payment will be automatically withdrawn from your Maspeth Federal Savings checking or statement savings account on the 8th of each month.
  • for home improvement loans, a designated due date for payment will be selected. If the designated payment date falls on a weekend or holiday, the payment will be made on the next business day.

*a MFS checking or statement savings account is required to set-up automatic loan payments. At this time, we can not process automatic payments from a non-MFS account. Also, note that if your account has insufficient funds on the final date your loan payment is due, the next request for payment will automatically include any applicable late charges.

How to get started

Contact us or visit any of our convenient branch locations to complete an Automatic Loan Payment authorization form.