Automatic Loan Payment

Let Maspeth Federal Savings pay your loan for you! One less check to write... One less date to remember... and no more clipping payment coupons.

Our Automatic Loan Payment service is convenient, easy and best of all - it's free! Do you worry about paying your Maspeth Federal Savings mortgage or home improvement loan on time each month? Do you rush to get to the bank on the very last day your payment is due or perhaps are you planning to be out of town when your loan payment is due?

With our Automatic Loan Payment Service your monthly mortgage payment will be automatically withdrawn from your Maspeth Federal Savings checking account or statement savings account on the 8th of each month.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 8th of the month (or selected due date on home improvement loans) falls on a weekend or holiday, the payment will be made on the next business day.

It's that simple!

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. If you don't have a Maspeth Federal Savings checking account or statement savings account please contact any of our convenient branch locations for information on how to open one.

How to Get Started

Call or come into any of our convenient branch locations for an Automatic Loan Payment authorization form or if you have any questions.

Some loans may be excluded from this service.

HELPFUL INFORMATION