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          <link:loc xlink:type="locator" xlink:href="mfin-20251231.xsd#mfin_IncreaseDecreaseInInterCompanyPayables" xlink:label="mfin_IncreaseDecreaseInInterCompanyPayables"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="us-gaap_ScheduleOfStockByClassTable"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1"/>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesRolledOutFromOldPlanToNewPlan_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares were rolled into the 2018 Plan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesRolledOutFromOldPlanToNewPlan_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Rolled Out From Old Plan To New Plan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesRolledOutFromOldPlanToNewPlan_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Rolled Out From Old Plan To New Plan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments for Repurchase of Redeemable Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-controlling interest redemption at Medallion Bank</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Non-controlling interest redemption at Medallion Bank</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndNinteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">March Two Thousand And Ninteen Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndNinteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">March two thousand and ninteen notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndNinteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March 2019 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ChangeInAccountingPrincipleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in Accounting Principle, Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ChangeInAccountingPrincipleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Change in Accounting Principle, Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average grant price, vested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndFourteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">September 2014 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndFourteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">September Two Thousand And Fourteen Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndFourteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">September two thousand and fourteen notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ReserveCoverageRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reserve coverage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ReserveCoverageRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Reserve Coverage Ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ReserveCoverageRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Reserve Coverage Ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInInterestPayableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Interest Payable, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInInterestPayableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Decrease (increase) in accrued interest payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BuildingImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Building Improvements [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BuildingImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Home Improvement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">90+ [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Asset, Equal to or Greater than 90 Days Past Due [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares outstanding, performance stock units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration Risk Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Allowance for Credit Loss, Writeoff</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Financing Receivable, Allowance for Credit Loss, Writeoff, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Charge-offs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2023</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Incorporation, State or Country Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation, State or Country Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Preferred Stock, Shares Issued, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">US Treasury shares purchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Shares Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net charge-offs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndFourteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March 2014 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndFourteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">March Two Thousand And Fourteen Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndFourteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">March two thousand and fourteen notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_VicePresidentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Senior Vice President [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_VicePresidentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Vice President [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NON-CASH INVESTING</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputMedianTransferPriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Input Median Transfer Price [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputMedianTransferPriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input Median Transfer Price [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputMedianTransferPriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Measurement input median transfer price.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value, due in one year or less</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Average Price Paid per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares Acquired, Average Cost Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestYield_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest yield</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestYield_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Yield</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestYield_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest yield.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PlanNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Plan Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PlanNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Plan Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionFinancingTrustIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Medallion Financing Trust I [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionFinancingTrustIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Medallion Financing Trust I [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionFinancingTrustIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Medallion Financing TrustI.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value, Twelve Months and Over</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfIndividualWithTimeDepositsGreaterThan100000_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of individual with time deposits greater than $100,000</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfIndividualWithTimeDepositsGreaterThan100000_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Individual With Time Deposits Greater Than100000</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfIndividualWithTimeDepositsGreaterThan100000_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of individual with time deposits greater than100000.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Current Reporting Status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Current Reporting Status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherCommitment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Commitment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherCommitment_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Other Commitment, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherCommitment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other commitment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Financing Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class of Financing Receivable [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentIssuanceDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Debenture last issuance date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentIssuanceDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Note Dates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentIssuanceDate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Issuance Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_UT_lbl" xlink:role="http://www.xbrl.org/2003/role/label">UTAH</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_UT_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Utah [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RecreationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recreation [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RecreationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Recreation [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RecreationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Recreation.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PreferredStockStockIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, net of liquidation amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PreferredStockStockIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock Stock Issuance Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PreferredStockStockIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Preferred stock , stock issuance costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 2 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 2 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total deferred tax assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Net of Valuation Allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitments and Contingencies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitments and Contingencies Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, shares authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares Authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LeaseAndRentalExpense1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Rent expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LeaseAndRentalExpense1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lease And Rental Expense1</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LeaseAndRentalExpense1_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease And Rental Expense1</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GainOnSaleOfRecreationLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gain on Sale of Recreation Loans Held for Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GainOnSaleOfRecreationLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Gain on sale of recreation loans held for sale.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GainOnSaleOfRecreationLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Gain on sale of recreation loans held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndTwentyFiveNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March 2025 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndTwentyFiveNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">March Two Thousand and Twenty Five Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndTwentyFiveNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">March two thousand and twenty five notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ProductOrServiceAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Product and Service</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ProductOrServiceAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Product and Service [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AgencySecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Agency Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AgencySecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Agency Bonds [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans Insured or Guaranteed by Government Authorities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans Insured or Guaranteed by Government Authorities [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Grant price per share, vested, lower limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Grant Price Per Share Range Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award equity instruments other than options vested in period grant price per share range lower range limit.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TotalNumberOfSharesPurchasedAsPartOfPubliclyAnnouncedPlansOrProgramsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TotalNumberOfSharesPurchasedAsPartOfPubliclyAnnouncedPlansOrProgramsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Total number of shares purchased as part of publicly announced plans or programs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TotalNumberOfSharesPurchasedAsPartOfPubliclyAnnouncedPlansOrProgramsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Period Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Period Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise price per share, Cancelled, Lower limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Forfeited Exercise Price Per Share Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award options nonvested options forfeited exercise price per share lower range limit.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Interest Rate, Stated Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Debt instrument interest rate Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityShellCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Shell Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityShellCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Shell Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2022</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Cash and Cash Equivalents, at Carrying Value, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Cash and Cash Equivalents, at Carrying Value, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash and Cash Equivalents, at Carrying Value, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and cash equivalents</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and Cash Equivalent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputTransferPricesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Input Transfer Prices [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputTransferPricesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input Transfer Prices [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputTransferPricesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Measurement input transfer prices.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfGrossRealEstateAndLoanActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Activity of Gross Loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfGrossRealEstateAndLoanActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Gross Real Estate And Loan Activity Table [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfGrossRealEstateAndLoanActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule Of Gross Real Estate And Loan Activity Table [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FairValueLiabilitiesMeasuredOnNonRecurringBasisObligations_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity investments measured on a non-recurring basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FairValueLiabilitiesMeasuredOnNonRecurringBasisObligations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Liabilities Measured On Non Recurring Basis Obligations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FairValueLiabilitiesMeasuredOnNonRecurringBasisObligations_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value liabilities measured on non recurring basis obligations.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Financial Information Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non marketable securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-marketable securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non Marketable Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_February1ToFebruary29Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">February 1 To February 29 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_February1ToFebruary29Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">February 1 To February 29.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_February1ToFebruary29Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">February 1 To February 29 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementStrategyAndGovernanceAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management, Strategy, and Governance [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Common Stock, Shares, Issued, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Issue of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, shares issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares, Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementPositionsOrCommitteesResponsibleReportToBoardFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_TX_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Texas [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_TX_lbl" xlink:role="http://www.xbrl.org/2003/role/label">TEXAS</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Class [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Grant price per share, vested, upper limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Grant Price Per Share Range Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award equity instruments other than options vested in period grant price per share range upper range limit.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PledgedSecuritiesAdvanceRateOfBookValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Pledged Securities Advance Rate of Book Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PledgedSecuritiesAdvanceRateOfBookValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Pledged securities advance rate of book value.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PledgedSecuritiesAdvanceRateOfBookValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pledged Securities Advance Rate of Book Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationTaxContingenciesStateAndLocal_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in effective state income tax rates and accrual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationTaxContingenciesStateAndLocal_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Change in effective state income tax rates and accrual</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LineOfCreditFacilityDrawnAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument commitments drawn</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LineOfCreditFacilityDrawnAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Line Of Credit Facility Drawn Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LineOfCreditFacilityDrawnAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Drawn Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LineOfCreditFacilityDrawnAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Line of credit facility, drawn amount.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued interest receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeApproachValuationTechniqueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Approach [Member]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TwoThousandEighteenUnvestedRestrictedStockPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Two Thousand Eighteen Restricted Stock Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Weighted average exercise price, granted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average fair value of options granted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2021</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average exercise price, cancelled</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneRiskBasedCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Tier 1 Risk-Based Capital, Actual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneRiskBasedCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tier 1 capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFilerCategory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Filer Category</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFilerCategory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Filer Category</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PriorPeriodReclassificationAdjustmentDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassifications</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PriorPeriodReclassificationAdjustmentDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Reclassification, Comparability Adjustment [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Interest Entities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivables60To89DaysPastDueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">60-89 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivables60To89DaysPastDueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Asset, 60 to 89 Days Past Due [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfFinancingReceivablesPastDueTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Financing Receivables Past Due [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfFinancingReceivablesPastDueTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Past Due [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Paid on or Before February 1, 2019 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Redemption, Period Two [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total liabilities and equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities and Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Grant price per share, granted, upper limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Price Per Share Range Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award equity instruments other than options grants in period grant price per share range upper range limit.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Allowance for Credit Loss, Recovery</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recoveries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noninterest Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other income, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Three</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2028</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average exercise price, options exercisable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Lived Tangible Asset [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument, frequency of periodic payment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Frequency of Periodic Payment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_JuneTwoThousandAndTwentyOneNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">June Two Thousand And Twenty One Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_JuneTwoThousandAndTwentyOneNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">June two thousand and twenty one notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_JuneTwoThousandAndTwentyOneNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">June 2021 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Carrying Amounts and Fair Values of Financial Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, by Balance Sheet Grouping [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise price per share, cancelled</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Exercise Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangements by share based payment award options expirations in period exercise price.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_VestingOnJuneTwentyTwoTwoThousandAndTwentyFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vest on June 22, 2024 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_VestingOnJuneTwentyTwoTwoThousandAndTwentyFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Vesting on June Twenty Two Two Thousand And Twenty Four [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_VestingOnJuneTwentyTwoTwoThousandAndTwentyFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Vesting on june twenty two two thousand and twenty four.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskThirdPartyOversightAndIdentificationProcessesFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value of Financial Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneLeverageCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tier 1 leverage capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneLeverageCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Tier 1 Leverage Capital, Actual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestReceivableFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued interest receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestReceivableFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Receivable Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestReceivableFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest receivable fair value.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Grant price per share, granted, lower limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Price Per Share Range Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award equity instruments other than options grants in period grant price per share range lower range limit.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DistributionsToNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Distributions to non-controlling interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DistributionsToNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distributions To Noncontrolling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DistributionsToNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distributions to noncontrolling interests.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivables30To59DaysPastDueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">30-59 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivables30To59DaysPastDueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Asset, 30 to 59 Days Past Due [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deferred Tax Assets, Valuation Allowance, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Valuation allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Valuation Allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statutory Federal income tax provision percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non deductible expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Non deductible expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableBeforeAllowanceForCreditLossAndFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableBeforeAllowanceForCreditLossAndFee_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementThirdPartyEngagedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Third Party Engaged [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Documents Incorporated by Reference</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Documents Incorporated by Reference [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Goodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Goodwill, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Goodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Goodwill, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Goodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Goodwill, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Goodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Goodwill</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Goodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Goodwill</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total income tax provision</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockIssuedDuringPeriodSharesRestrictedStockAwardVested_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Issuance in connection with vesting of restricted stock units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockIssuedDuringPeriodSharesRestrictedStockAwardVested_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Shares, Restricted Stock Award, Vested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockIssuedDuringPeriodSharesRestrictedStockAwardVested_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stock issued during period, shares, restricted stock award, vested.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfReturnOnAverageStockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of return on average stockholders equity.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfReturnOnAverageStockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Return on Average Stockholders Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfReturnOnAverageStockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Return on average stockholders' equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CollectionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Collection costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CollectionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Collection Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CollectionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Collection costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock, Common, Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonValue_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Payment for repurchase of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Amount Paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxAuthorityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Jurisdiction [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfMedallions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Medallions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfMedallions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of medallions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfMedallions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of medallions purchased out of foreclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfDeferredLoanOriginationFeesNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Amortization of origination fees, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfDeferredLoanOriginationFeesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization of Deferred Loan Origination Fees, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfDeferredLoanOriginationFeesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of origination fees and costs, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_SegmentGeographicalDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Geographical</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_SegmentGeographicalDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Geographical [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortized Cost, due after ten years</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansAndLeasesReceivableNonPerformingPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of Nonperforming to Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansAndLeasesReceivableNonPerformingPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Leases Receivable Non Performing Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansAndLeasesReceivableNonPerformingPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loans and leases receivable non performing percentage.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Variable Interest Entities [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfVariableInterestEntitiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebentureMature2021Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debenture Mature2021</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebentureMature2021Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debenture Mature2021 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebentureMature2021Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debenture mature 2021.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Additional Paid in Capital, Common Stock, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Additional Paid in Capital, Common Stock, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional paid in capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Additional Paid in Capital, Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Debt Issuance Costs, Net, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred financing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Issuance Costs, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateDuringPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Annual interest rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentInterestRateDuringPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Interest Rate During Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Proceeds from Sale and Maturity of Held-to-maturity Securities, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Sale and Maturity of Held-to-Maturity Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Proceeds from principal receipts, sales, and maturities of loans and investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from principal receipts, sales, maturities, and recoveries of loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise price per share, option exercisable lower range limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Exercise Price Range Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Exercise Price Range Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentVariableInterestRateTypeExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Variable Interest Rate, Type [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Significant Accounting Policies [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Significant Accounting Policies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NonperformingFinancingReceivableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non - Performing [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NonperformingFinancingReceivableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Nonperforming Financial Instruments [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ShareRepurchaseProgramAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share Repurchase Program</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ShareRepurchaseProgramAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Repurchase Program [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VestingDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vesting</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VestingDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Vesting [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Risk-weighted assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Risk-Weighted Assets, Actual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Granted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of options, granted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfIntangibleAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Intangible Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfIntangibleAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Intangible Assets Table [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfIntangibleAssetsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule Of Intangible Assets [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementStrategyAndGovernanceTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management, Strategy, and Governance [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of the Calculation of Basic and Diluted EPS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeriesESeniorNoncumulativePerpetualPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series E Senior Non-Cumulative Perpetual Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeriesESeniorNoncumulativePerpetualPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Series E Senior Noncumulative Perpetual Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeriesESeniorNoncumulativePerpetualPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Series E senior non-cumulative perpetual preferred stock.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromLoanOriginations1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan originations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromLoanOriginations1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Loan Originations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Comprehensive Income Net Of Tax Including Portion Attributable To Non controlling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Comprehensive Income Net Of Tax Including Portion Attributable To Non controlling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNonControllingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total comprehensive income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancialConditionAndOperatingPerformanceEnterpriseValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Condition and Operating Performance Enterprise Value [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancialConditionAndOperatingPerformanceEnterpriseValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Condition And Operating Performance Enterprise Value [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancialConditionAndOperatingPerformanceEnterpriseValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Financial condition and operating performance enterprise value.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate purchase price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Issuance of Preferred Stock and Preference Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Amortized Cost and Estimated Market Value of Investment Securities by Contractual Maturity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments Classified by Contractual Maturity Date [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Basic income per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Earnings Per Share, Basic, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basic earnings per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRepurchaseAgreements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Repurchase Agreements [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRepurchaseAgreements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Repurchase Agreements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TierOneCapitalConversationBuffer_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital conversation buffer</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TierOneCapitalConversationBuffer_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tier One Capital Conversation Buffer</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TierOneCapitalConversationBuffer_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Tier one capital conversation buffer.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock option outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Number of options beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Number of options ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NotesPayableToBanksWithMaturityOfSeptemberOneTwoThousandAndTwentyOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notes Payable to Banks with Maturity of September 1, 2021 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NotesPayableToBanksWithMaturityOfSeptemberOneTwoThousandAndTwentyOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Notes Payable To Banks With Maturity Of September One Two Thousand And Twenty One [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NotesPayableToBanksWithMaturityOfSeptemberOneTwoThousandAndTwentyOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Notes payable to banks with maturity of September 1, 2021.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average exercise price, vested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Interest Entity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revolving Credit Facility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revolving Credit Facility [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OfficersCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Annual base salary</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OfficersCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Salary and Wage, Officer, Excluding Cost of Good and Service Sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfSharesRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DividendDescriptionOfVariableRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividend description of variable rate basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DividendDescriptionOfVariableRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividend Description Of Variable Rate Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DividendDescriptionOfVariableRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Dividend description of variable rate basis.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Adjustments to reconcile net loss to net cash provided by operating activities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Adjustments to reconcile net income resulting from operations to net cash provided by operating activities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid, Year Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2030</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SalariesWagesAndOfficersCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Salary and Wage, Excluding Cost of Good and Service Sold, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SalariesWagesAndOfficersCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Salary from related party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SalariesWagesAndOfficersCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Salary and Wage, Excluding Cost of Good and Service Sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TrustPreferredSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trust Preferred Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TrustPreferredSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trust Preferred Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TrustPreferredSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Trust preferred securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfGrossRealEstateAndLoanActivityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Gross Real Estate And Loan Activity [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfGrossRealEstateAndLoanActivityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Gross Real Estate And Loan Activity [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfGrossRealEstateAndLoanActivityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule Of Gross Real Estate And Loan Activity [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsegmentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsegments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsegmentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsegments [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ShareRepurchaseProgramDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share Repurchase Program</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ShareRepurchaseProgramDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Repurchase Program [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financing Receivable, Allowance for Credit Losses [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Allowance for Credit Loss [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ParentCompanyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Parent Company [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ParentCompanyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Medallion Financial Corp [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ParentCompanyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Parent Company [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EquityMethodOfferingPriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Method Offering Price [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EquityMethodOfferingPriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Offering Price [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EquityMethodOfferingPriceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Equity method offering price.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PurchaseCommitmentExcludingLongtermCommitmentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Commitment, Excluding Long-Term Commitment [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Standards Update [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidationItemsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidation Items</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidationItemsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consolidation Items [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Attributable to Parent [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntitySmallBusiness_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Small Business</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntitySmallBusiness_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Small Business</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalHomeLoanBanksAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Federal Home Loan Banks [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansHeldForInvestmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans Held for Investment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansHeldForInvestmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loans held for investment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedStatementOfComprehensiveIncomeTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Condensed Statement Of Comprehensive Income [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedStatementOfComprehensiveIncomeTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Statement of Comprehensive Income [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MarketApproachValuationTechniqueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Market Approach [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MarketApproachValuationTechniqueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation, Market Approach [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Retained Earnings (Accumulated Deficit), Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Retained Earnings (Accumulated Deficit), Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Retained Earnings (Accumulated Deficit), Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retained Earnings (Accumulated Deficit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Retained earnings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MinimumDefermentPercentageOfBaseSalary_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum percentage of total annual compensation allowed to be deferred</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MinimumDefermentPercentageOfBaseSalary_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Minimum Deferment Percentage Of Base Salary</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MinimumDefermentPercentageOfBaseSalary_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Minimum Deferment Percentage Of Base Salary</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockValueSharesIssuedNetOfTaxWithholdings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Withheld restricted stock for employees' tax obligations, value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockValueSharesIssuedNetOfTaxWithholdings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Stock, Value, Shares Issued Net of Tax Withholdings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GeographicConcentrationRiskMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Geographic Concentration Risk [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GeographicConcentrationRiskMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Geographic Concentration Risk [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Well-known Seasoned Issuer</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Well-known Seasoned Issuer</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net operating loss carryforwards assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WeightedAverageCostOfBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Average borrowing costs rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WeightedAverageCostOfBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Cost Of Borrowings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WeightedAverageCostOfBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Weighted Average Cost Of Borrowings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate intrinsic value for option exercised</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InvestmentsInNonbankSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in non-bank subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InvestmentsInNonbankSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments In Nonbank Subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InvestmentsInNonbankSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments In Nonbank Subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock Options and Restricted Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShortTermLeaseLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Short term lease liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShortTermLeaseLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Short Term Lease Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShortTermLeaseLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Short term lease liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LineOfCreditFacilityCommitmentsFullyUtilized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument commitments amount fully utilized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LineOfCreditFacilityCommitmentsFullyUtilized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Commitments Fully Utilized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LineOfCreditFacilityCommitmentsFullyUtilized_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Line of credit facility, commitments fully utilized.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DefinedContributionPlanTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Defined Contribution Plan [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DefinedContributionPlanTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Defined Contribution Plan [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AmendedDirectorPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amended Director Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AmendedDirectorPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amended Director Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AmendedDirectorPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amended director plan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividends_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividends paid to shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Payments of Dividends, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments of Dividends</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividends paid to shareholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfDeferredCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Amortization of Deferred Charges, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfDeferredCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfDeferredCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization of Deferred Charges</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other Borrowings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Borrowings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other borrowings.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeasesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Leases [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilityForCatastropheClaimsByCatastrophicEventAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Catastrophic Event</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilityForCatastropheClaimsByCatastrophicEventAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Catastrophic Event [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfSBADebenturesAndBorrowingsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of SBA Debentures and Borrowings [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfSBADebenturesAndBorrowingsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of sba debentures and borrowings.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfSBADebenturesAndBorrowingsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of SBA Debentures and Borrowings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ProductsAndServicesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Product and Service</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ProductsAndServicesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Product and Service [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Statutory Federal income tax provision at 21%</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statutory Federal income tax provision</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxExpenseBenefitOnNetInvestment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Income tax provision</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxExpenseBenefitOnNetInvestment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Income tax (provision) benefit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxExpenseBenefitOnNetInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Expense Benefit On Net Investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxExpenseBenefitOnNetInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income Tax Expense (Benefit) On Net Investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxExpenseBenefitOnNetInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Income tax provision</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxExpenseBenefitOnNetInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income tax provision</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxRateReconciliationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Tax Rate Reconciliation [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxRateReconciliationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Rate Reconciliation [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxRateReconciliationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income Tax Rate Reconciliation [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Earnings Per Share (EPS)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise price per share, Cancelled, Upper limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Forfeited Exercise Price Per Share Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award options nonvested options forfeited exercise price per share upper range limit.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Postal Zip Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Postal Zip Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by operating activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Operating Activity, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ContractualMaturitiesTimeDeposits100000OrMoreThreeMonthsOrLess_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Three months or less</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ContractualMaturitiesTimeDeposits100000OrMoreThreeMonthsOrLess_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Maturities, Time Deposits, $100,000 or More, Three Months or Less</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingCodmProfitLossMeasureHowUsedDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OperatingLeasesOfLessee1DisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">operating leases of lessee 1 Disclosure [Text block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OperatingLeasesOfLessee1DisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">operating leases of lessee 1 Disclosure [Text block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OperatingLeasesOfLessee1DisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Schedule of Breakout of Operating Leases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">New Accounting Pronouncements Or Change In Accounting Principle [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Standards Update and Change in Accounting Principle [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares outstanding, vested restricted stock units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share-based compensation arrangement by share-based payment award equity instruments other than options vested umber.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskRoleOfManagementTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Role of Management [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average exercise price, granted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Bank's Actual Capital Amounts and Ratios, and the Regulatory Minimum Ratios</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid, Year Three</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2028</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividend income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividend Income, Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Dividend Income, Operating, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestBearingLoanTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest bearing loan term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestBearingLoanTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Bearing Loan Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestBearingLoanTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest bearing loan term.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherNoninterestIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Noninterest Income Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherNoninterestIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other Noninterest Income Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherNoninterestIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other expense, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherNoninterestIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Other expense, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Securities, Available-for-sale [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansReceivableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impaired Loans [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansReceivableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans Receivable [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PortionAtFairValueFairValueDisclosureMember_lbl" xlink:role="http://fasb.org/us-gaap/role/label/axisDefault">Portion at Fair Value Measurement [Member] [Default]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PortionAtFairValueFairValueDisclosureMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Portion at Fair Value Measurement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Total deferred tax liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Liabilities, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total deferred tax liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Hierarchy and NAV</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Hierarchy and NAV [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SUPPLEMENTAL INFORMATION</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Supplemental Cash Flow Information [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansHeldForSalePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans Held For Sale [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansHeldForSalePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loans held for sale policy.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansHeldForSalePolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans Held For Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneLeverageCapitalToAverageAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Leverage ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneLeverageCapitalToAverageAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Tier 1 Leverage Capital Ratio, Actual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_May1ToMay31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">May 1 to May 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_May1ToMay31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">May 1 to May 31 Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_May1ToMay31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">May 1 to May 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_Leases1TextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">leases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_Leases1TextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Leases1 [Text block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_Leases1TextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Leases1 [Text block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_Leases1TextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Leases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurements, Nonrecurring [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Operating lease right-of-use assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Right-of-Use Asset</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Less: income attributable to the non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income attributable to the non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net Income (Loss) Attributable to Noncontrolling Interest, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss) Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Less: income attributable to the non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndSixteenNotesOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">March Two Thousand And Sixteen Notes One [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndSixteenNotesOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">March two thousand and sisteen notes one.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndSixteenNotesOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March 2016 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in unrealized gains (losses) on investment securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label">OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument, Redemption, Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Redemption, Period [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ManufacturingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Manufacturing [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ManufacturingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Manufacturing [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ManufacturingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Manufacturing.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Goodwill and Intangible Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Goodwill and Intangible Assets, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmployeeBenefitPlansAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Employee Benefit Plans [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmployeeBenefitPlansAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Employee Benefit Plans [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Income Taxes Paid, Net, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash paid during the period for income taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Taxes Paid, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Central Index Key</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Fixed Maturity Securities Available for Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskProcessForInformingBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityClassOfTreasuryStockLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Class of Treasury Stock [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestBearingDepositsInBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest-bearing deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestBearingDepositsInBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest-bearing funds deposited in other banks</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestBearingDepositsInBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest-Bearing Deposits in Banks and Other Financial Institutions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation Approach and Technique</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Approach and Technique [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_HomeImprovementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Home Improvement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_HomeImprovementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Home Improvement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_HomeImprovementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Home improvement.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Investments [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Equity Method Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest income (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Interest Income, Operating, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income, Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsNetIncludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Intangible Assets, Net (Including Goodwill), Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsNetIncludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Goodwill and intangible assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsNetIncludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets, Net (Including Goodwill)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScheduleOfCondensedBalanceSheetTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Condensed Balance Sheets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScheduleOfCondensedBalanceSheetTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Balance Sheet [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Potential dilutive common shares excluded from EPS computation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BalanceSheetRelatedDisclosuresAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Balance Sheet Data</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BalanceSheetRelatedDisclosuresAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Balance Sheet Related Disclosures [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisposalGroupClassificationDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Group Classification [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, par value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Par or Stated Value Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TypeOfAdoptionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Standards Update [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayableToBanksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notes Payable to Banks [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayableToBanksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Notes Payable to Banks [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansAndLeasesReceivableHeldForSaleNetCarryingAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans and Leases Receivable Held for Sale Net Carrying Amount Covered</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansAndLeasesReceivableHeldForSaleNetCarryingAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loans and leases receivable held for sale net carrying amount covered.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansAndLeasesReceivableHeldForSaleNetCarryingAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansAndLeasesReceivableHeldForSaleNetCarryingAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonEquityTierOneCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Common Equity Tier 1 Risk-Based Capital, Actual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonEquityTierOneCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common equity tier 1 capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest, Increase from Subsidiary Equity Issuance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-controlling interest equity raised by Medallion Bank</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financing Receivable, Recorded Investment [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Credit Quality Indicator [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Remaining contractual life of option outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Grant price per share, lower range limit beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Grant price per share, lower range limit ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Grant Price Per Share Range Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Grant Price Per Share Range Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Increase (Decrease) in Other Operating Liabilities, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Other Operating Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Decrease in other liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Amortized Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Amortized Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DefinedContributionPlanDisclosureLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Defined Contribution Plan Disclosure [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DefinedContributionPlanDisclosureLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Defined Contribution Plan Disclosure [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DistributionToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributions to non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DistributionToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distribution To Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DistributionToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distribution To Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_VestingOnJuneTwelveTwoThousandAndTwentySixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Vesting On June Twelve Two Thousand And Twenty Six [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_VestingOnJuneTwelveTwoThousandAndTwentySixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Vesting on june twelve two thousand and twenty six.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_VestingOnJuneTwelveTwoThousandAndTwentySixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vest on June 12, 2026 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noninterest Income [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ParentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Parent [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ParentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Parent [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFinStmtErrorCorrectionFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Financial Statement Error Correction [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise of stock options,shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Exercised</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unvested shares of common stock outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Number of options beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Number of options ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StudentLoanPortfolioByProgramLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Student Loan Portfolio By Program [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StudentLoanPortfolioByProgramLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Student Loan Portfolio By Program [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StudentLoanPortfolioByProgramLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Student loan portfolio by program.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedCashFlowStatementsCaptionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Condensed Cash Flow Statements Captions [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedCashFlowStatementsCaptionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Cash Flow Statements, Captions [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfPrivatePlacementNotesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Private Placement Notes [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfPrivatePlacementNotesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of private placement notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfPrivatePlacementNotesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Schedule of Private Placement Notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Sale, Loan, Held-for-Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Proceeds from Sale, Loan, Held-for-Sale, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleOfLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from sales of strategic partnership loans held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfRelatedPartyDebt_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Repayments of time deposits and funds borrowed</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfRelatedPartyDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments of Related Party Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfRelatedPartyDebt_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Repayments of funds borrowed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_UnvestedPerformanceSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unvested Performance Shares [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_UnvestedPerformanceSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Unvested performance shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Marketable Securities, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Marketable Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetIncreaseDecreaseInNetAssetsResultingFromOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net income attributable to common stockholders</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetIncreaseDecreaseInNetAssetsResultingFromOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Increase Decrease In Net Assets Resulting From Operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetIncreaseDecreaseInNetAssetsResultingFromOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net increase decrease in net assets resulting from operations.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentPerformanceStatusDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Instrument Performance Status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentPerformanceStatusDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instrument Performance Status [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SeriesFPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Series F Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SeriesFPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series F Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current Fiscal Year End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Fiscal Year End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Long-Term Debt Instruments [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EquityInUndistributedEarningsLossesOfSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label">equity in undistributed earnings losses of subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EquityInUndistributedEarningsLossesOfSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">equity in undistributed earnings losses of subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EquityInUndistributedEarningsLossesOfSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity in undistributed (earnings) losses of subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EquityInUndistributedEarningsLossesOfSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Equity in undistributed earnings of subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FairValueOfAssetsAndLiabilitiesMeasuredOnNonRecurringBasisLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FairValueOfAssetsAndLiabilitiesMeasuredOnNonRecurringBasisLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FairValueOfAssetsAndLiabilitiesMeasuredOnNonRecurringBasisLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DecemberTwoThousandAndTwentyNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">December Two Thousand And Twenty Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DecemberTwoThousandAndTwentyNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">December two thousand and twenty notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DecemberTwoThousandAndTwentyNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">December 2020 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputCollateralValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Collateral Value [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputCollateralValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input Collateral Value [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputCollateralValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Measurement input collateral value.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ThirdPartyInvestorsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Third Party Investors [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ThirdPartyInvestorsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Third Party Investors [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ThirdPartyInvestorsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Third party investors.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockRepurchaseProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock Repurchase Program [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockRepurchaseProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchase Program [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockRepurchaseProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stock Repurchase Program [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_CA_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">California [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_CA_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CALIFORNIA</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FederalReserveAndOtherBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Federal Reserve and Other Borrowings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FederalReserveAndOtherBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Federal Reserve and Other Borrowings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FederalReserveAndOtherBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Federal reserve and other borrowings.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value By Balance Sheet Grouping [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByBalanceSheetGroupingTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, by Balance Sheet Grouping [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, State or Province</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Investment in subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Acquire Interest in Subsidiaries and Affiliates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Payments to Acquire Interest in Subsidiaries and Affiliates, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Number of shares, beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Number of shares, ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfCurrentPeriodGrossChargeOffsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Current Period Gross Charge-Offs Table [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfCurrentPeriodGrossChargeOffsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of current period gross charge offs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfCurrentPeriodGrossChargeOffsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Gross Charge Offs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility, Remaining Borrowing Capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Debt instrument remaining amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentPerformanceStatusAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Instrument Performance Status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentPerformanceStatusAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instrument Performance Status [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Preferred Stock, Shares Outstanding, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Preferred Stock, Shares Outstanding, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, shares outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total comprehensive income attributable to Medallion Financial Corp.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Comprehensive Income (Loss), Net of Tax, Attributable to Parent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndNineteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">March Two Thousand And Nineteen Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndNineteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">March two thousand and nineteen notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndNineteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March 2019 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gross Unrealized Gains</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockCapitalSharesReservedForFutureIssuance_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of additional shares available for issuance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockCapitalSharesReservedForFutureIssuance_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Capital Shares Reserved for Future Issuance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Incremental Common Shares Attributable to Share-based Payment Arrangements, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Effect of dilutive stock options</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StatementGeographicalAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Geographical</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StatementGeographicalAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Geographical [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TransferOfLoansFromToHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Transfer of Loans from to Held for Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TransferOfLoansFromToHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Value of loans held, transfer of loans (from) to held for sale.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TransferOfLoansFromToHeldForSale_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Transfer of loans (from) to loans held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockRedemptionPremium_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock Redemption Premium</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockRedemptionPremium_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Less: redemption of of Series F preferred stock - funds paid in excess of carrying value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleAndCollectionOfReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Proceeds from Sale and Collection of Receivables, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleAndCollectionOfReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from principal receipts, sales, and maturities of investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromSaleAndCollectionOfReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Sale and Collection of Receivables</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Stockholders' Equity Attributable to Noncontrolling Interest, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Stockholders' Equity Attributable to Noncontrolling Interest, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-controlling interest in consolidated subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TaxiMedallionLoanTrustIIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Taxi Medallion Loan Trust III [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TaxiMedallionLoanTrustIIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Taxi Medallion Loan Trust I I I [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TaxiMedallionLoanTrustIIIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Taxi Medallion Loan Trust III.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise price per share, granted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Exercise Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangements by share based payment award options grants in period exercise price.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">State and local income taxes, net of federal income tax benefit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">State and local income taxes, net of federal income tax benefit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FairValueAdjustmentsRelatedToLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Adjustments Related To Loans Held For Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FairValueAdjustmentsRelatedToLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value adjustments related to loans held for sale.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FairValueAdjustmentsRelatedToLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value adjustments related to loans held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise of stock options,value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Value, Stock Options Exercised</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndSixteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">March Two Thousand And Sixteen Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndSixteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">March two thousand and sisteen notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndSixteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March 2016 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeriesFFixedToFloatingRateNoncumulativePerpetualPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series F Fixed-to-Floating Rate Non-cumulative Perpetual Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeriesFFixedToFloatingRateNoncumulativePerpetualPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Series F Fixed To Floating Rate Noncumulative Perpetual Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeriesFFixedToFloatingRateNoncumulativePerpetualPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Series F fixed to floating rate non-cumulative perpetual preferred stock.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Deferred Tax Assets and Liabilities [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Components of Deferred Tax Assets and Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PerformanceSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">PSU [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PerformanceSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Performance Shares [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PerformanceSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Performance Shares [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise price per share, option exercisable upper range limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Exercise Price Range Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Exercise Price Range Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RPACRacingLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">R P A C Racing L L C [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RPACRacingLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">RPAC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RPACRacingLLCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">RPAC [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense, Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total interest expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total interest expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement Inputs and Valuation Techniques [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income (Expense), after Provision for Loan Loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net interest income after allowance for credit losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetOperatingLossCarryforwardsExpirationPeriodDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net operating loss carryforwards expiration period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetOperatingLossCarryforwardsExpirationPeriodDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Operating Loss Carryforwards Expiration Period Description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetOperatingLossCarryforwardsExpirationPeriodDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net operating loss carryforwards expiration period description.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionCapitalIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Medallion Capital, Inc. [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionCapitalIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Medallion Capital, Inc. [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionCapitalIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Medallion capital, inc.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentUnusedBorrowingCapacityFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Remaining portion of leverage fee amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentUnusedBorrowingCapacityFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Unused Borrowing Capacity, Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsidiaryOrEquityMethodInvesteeLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsidiary or Equity Method Investee [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsidiaryOrEquityMethodInvesteeLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsidiary or Equity Method Investee [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Exercise price per share beginning balance, Lower limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Exercise price per share ending balance, Lower limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Cancelled</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Award vesting rights, percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BrokerageMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Brokerage [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BrokerageMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Brokerage [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BrokerageMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Brokerage [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate intrinsic value of option vested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Interest Expense, Debt, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense, Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonEquityTierOneCapitalRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Common Equity Tier 1 Risk-Based Capital Ratio, Actual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonEquityTierOneCapitalRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common equity tier 1 capital ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingenciesStateAndLocal_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in effective state income tax rates and accrual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingenciesStateAndLocal_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Tax Contingency, State and Local, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanForeclosureCollateralSaleToThirdParty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan collateral in process of foreclosure, financed sales collateral to third parties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanForeclosureCollateralSaleToThirdParty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loan Foreclosure Collateral Sale To Third Party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanForeclosureCollateralSaleToThirdParty_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan foreclosure collateral sale to third party.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated Other Comprehensive Income (Loss) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">AOCI Attributable to Parent [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Finite-Lived Intangible Assets, Major Class Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Assets, Major Class Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock, Common, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total Shares of Common Stock Repurchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Treasury stock, shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance, shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance, shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AdditionalLoansFromOtherFederalHomeLoanBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional borrowing capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AdditionalLoansFromOtherFederalHomeLoanBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Additional Loans from Other Federal Home Loan Banks</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AdditionalLoansFromOtherFederalHomeLoanBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Additional loans from other federal home loan banks.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalizedHomeImprovementLoanOriginationCostsAndFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Home Improvement Loan Origination Costs and Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalizedHomeImprovementLoanOriginationCostsAndFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Capitalized home improvement loan origination costs and fees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalizedHomeImprovementLoanOriginationCostsAndFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalized home improvement loan origination costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and Cash Equivalents [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoansNonaccrual_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allowance as a Percent of Nonaccrual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoansNonaccrual_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Allowance For Loan And Lease Losses Loans Acquired Percentage Of Loans Nonaccrual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoansNonaccrual_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Allowance for loan and lease losses loans acquired percentage of loans nonaccrual.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireLoansHeldForInvestment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Loans originated</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireLoansHeldForInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment for Acquisition, Loan, Held-for-Investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ExtinguishmentOfDebtDiscountRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pay off one of the notes payable discount rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ExtinguishmentOfDebtDiscountRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Extinguishment Of Debt Discount Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ExtinguishmentOfDebtDiscountRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Extinguishment Of Debt Discount Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnsecuredDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unsecured Debt [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnsecuredDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unsecured Debt [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TwoThousandEighteenEquityIncentivePlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2018 Equity Incentive Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TwoThousandEighteenEquityIncentivePlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Two Thousand Eighteen Equity Incentive Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TwoThousandEighteenEquityIncentivePlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Two Thousand Eighteen Equity Incentive Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Business Combination, Consideration Transferred, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase price for City of Chicago taxi medallions out of foreclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Combination, Consideration Transferred</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Preferred Stock, Value, Issued, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Preferred Stock, Value, Issued, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Preferred Stock, Value, Issued, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock (1,000,000 shares of $0.01 par value stock authorized-none outstanding)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Value, Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Carrying amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EquityGrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Grants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EquityGrants_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Equity grants.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EquityGrants_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity grants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Maturity Dates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility, Fair Value of Amount Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MinimumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MinimumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Minimum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average grant price, granted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Instrument</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instrument [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentLeverageFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument leverage fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentLeverageFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Leverage Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentLeverageFee_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt instrument, leverage fee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2024</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestIncomeExpenseOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestIncomeExpenseOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestIncomeExpenseOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income Expense Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestIncomeExpenseOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest income expense operating.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonInterestBearingDepositsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-Interest-Bearing Deposits [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonInterestBearingDepositsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non Interest Bearing Deposits [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonInterestBearingDepositsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non interest bearing deposits.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Amortization of Intangible Assets, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization of intangible assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AmortizationOfIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amortization of Intangible Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 3 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 3 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value, Nonrecurring</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Nonrecurring [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesFairValueDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesFairValueDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities, Fair Value Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DefinedContributionPlanEmployerMatchingContributionDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Employer matching contribution, description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DefinedContributionPlanEmployerMatchingContributionDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Defined Contribution Plan Employer Matching Contribution Description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DefinedContributionPlanEmployerMatchingContributionDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Defined contribution plan, employer matching contribution, description.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestPaidCapitalized_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Paid-in-kind interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestPaidCapitalized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Paid-in-kind interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestPaidCapitalized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Paid, Capitalized, Investing Activity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WaiverExpiryDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Waiver Expiry Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WaiverExpiryDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Waiver Expiry Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WaiverExpiryDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Waiver expiry date.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommercialLendingSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Lending Segment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommercialLendingSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Commercial lending segment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommercialLendingSegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial Lending Segment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxPeriodDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tax Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxPeriodDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tax Period [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableNonaccrualPercentPastDue1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan outstanding percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableNonaccrualPercentPastDue1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Nonaccrual, Percent Past Due</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CashBonus_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cash bonus.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CashBonus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Bonus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CashBonus_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Annual cash bonus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_October1ToOctober30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">October 1 to October 30 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_October1ToOctober30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">October 1 to October 30 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_October1ToOctober30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">October 1 to October 30.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Securities with Gross Unrealized Losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Operating Loss Carryforwards, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net operating loss carryforwards</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Loss Carryforwards</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Inclusive Capitalized Loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeriesGFixedToFloatingRateNoncumulativePerpetualPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Series G Fixed To Floating Rate Noncumulative Perpetual Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeriesGFixedToFloatingRateNoncumulativePerpetualPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Series G fixed to floating rate non-cumulative perpetual preferred stock.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeriesGFixedToFloatingRateNoncumulativePerpetualPreferredStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series G Fixed To Floating Rate Noncumulative Perpetual Preferred Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitments and contingencies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitments and Contingencies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentExtendedMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Extended maturity date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentExtendedMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Extended Maturity Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentExtendedMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt instrument extended maturity date.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Weighted average grant price beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Weighted average grant price, ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedIncomeStatementsCaptionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Condensed Income Statements, Captions [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedIncomeStatementsCaptionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Income Statements, Captions [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DZLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">DZ Loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DZLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">D Z Loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DZLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">DZ loan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total operating lease liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total operating lease liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorFirmId_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Firm ID</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfNetLoanAndLeasesReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Net Loan And Leases Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfNetLoanAndLeasesReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of net loan and leases receivable.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfNetLoanAndLeasesReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of total loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basis spread on variable rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Basis Spread on Variable Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of dividend payment rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Dividend Rate, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShortTermBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Short-term borrowings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShortTermBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Short-term debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShortTermBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Short-term Debt, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShortTermBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Short-Term Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OriginationFeesAndCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Origination Fees and Costs Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OriginationFeesAndCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Origination fees and costs, net.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OriginationFeesAndCostsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Origination fees and costs, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncrementalCommonSharesAttributableToDilutiveEffectOfPerformanceShareUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Effect of performance stock unit grants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncrementalCommonSharesAttributableToDilutiveEffectOfPerformanceShareUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Incremental Common Shares Attributable To Dilutive Effect Of Performance Share Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncrementalCommonSharesAttributableToDilutiveEffectOfPerformanceShareUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Incremental common shares attributable to dilutive effect of performance share units.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityBorrowingCapacityDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility, Borrowing Capacity, Description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityBorrowingCapacityDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Blended advance rate description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Benchmark [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WindowsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Windows [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WindowsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Windows [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WindowsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Windows.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndFifteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">September Two Thousand And Fifteen Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndFifteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">September two thousand and fifteen notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndFifteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">September 2015 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Total Dividend and interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Dividend and interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest and Dividend Income, Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestAndDividendIncomeOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total dividend and interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation allowance against deferred tax assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TextBlockAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Text Block [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Remaining vesting period of restricted stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BankTimeDepositsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bank Time Deposits [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BankTimeDepositsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Time Deposits [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prior</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Originated, More than Five Years before Current Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AgrregateLoansFromOtherFederalHomeLoanBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Agrregate Loans from Other Federal Home Loan Banks</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AgrregateLoansFromOtherFederalHomeLoanBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Agrregate loans from other federal home loan banks.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AgrregateLoansFromOtherFederalHomeLoanBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate borrowing capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income (Expense), Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net interest income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Purchased of equity securities with readily determinable fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireEquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Acquire Equity Method Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net income after taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net income after taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Net income attributable to parent company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesReceivableGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Recorded Investment Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesReceivableGross_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesReceivableGross_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Premiums in loan portfolio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesReceivableGross_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Past Due</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansHeldForSaleAtLowerOfAmortizedCostOrFairValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans Held for Sale at Lower of Amortized Cost or Fair Value [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansHeldForSaleAtLowerOfAmortizedCostOrFairValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loans held for sale at lower of amortized cost or fair value.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncrementalCommonSharesAttributableToContingentlyIssuableShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Effect of restricted stock grants</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncrementalCommonSharesAttributableToContingentlyIssuableShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Accruing</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financing receivable, recorded investment, 90 days past due and still accruing</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, 90 Days or More Past Due, Still Accruing</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term Debt, Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementPositionsOrCommitteesResponsibleTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Positions or Committees Responsible [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LossContingenciesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loss Contingencies [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Weighted Average Number of Shares Outstanding, Basic, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Weighted average common shares outstanding applicable to basic EPS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number of Shares Outstanding, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NotesPayableToBanksDueAprilTwoThousandAndTwentyOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notes Payable to Banks Due in April 2021 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NotesPayableToBanksDueAprilTwoThousandAndTwentyOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Notes Payable To Banks Due April Two Thousand And Twenty One [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NotesPayableToBanksDueAprilTwoThousandAndTwentyOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Notes payable to banks due April two thousand and twenty one.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prior</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_JuniorSubordinatedNotes_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Junior Subordinated Notes, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_JuniorSubordinatedNotes_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate principal amount of unsecured junior subordinated notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_JuniorSubordinatedNotes_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Junior Subordinated Notes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Reconciliation of Statutory Federal Income Tax Provision to Consolidated Actual Income Tax Provision</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Share Based Compensation Arrangements By Share Based Payment Award [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Gross Unrealized Losses, Twelve Months and Over</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segments [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DecemberTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">December Two Thousand And Twenty Three Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DecemberTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">December two thousand and twenty three notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DecemberTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">December 2023 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Lived Tangible Asset [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanServicingFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan servicing fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanServicingFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loan Servicing Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanServicingFee_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan servicing fee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued interest payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskProcessForInformingManagementOrCommitteesResponsibleTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionChicagoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Medallion Chicago [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionChicagoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Medallion Chicago [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionChicagoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Medallion Chicago.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Events</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Events [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockholdersEquityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stockholders Equity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockholdersEquityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stockholders Equity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockholdersEquityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stockholders Equity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Long-term borrowings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Long-term Debt, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tier 1 capital ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Tier 1 Risk-Based Capital Ratio, Actual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TwoThousandFifteenDirectorPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2015 Director Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TwoThousandFifteenDirectorPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Two Thousand Fifteen Director Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TwoThousandFifteenDirectorPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Two thousand fifteen director plan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Cash_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Cash, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Cash_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Cash, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Cash_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Deposit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Cash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Cash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromUnsecuredNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net proceeds from offering</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromUnsecuredNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Unsecured Notes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableRateDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableRateDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Rate [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PromissoryNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Promissory note payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PromissoryNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Promissory Notes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PromissoryNotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Promissory Notes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory, Well-Capitalized, Common equity tier 1 capital ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common equity tier one capital required to be well capitalized to risk weighted assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation allowance against deferred tax assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RaceOrganizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Race Organization [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RaceOrganizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Race Organization [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RaceOrganizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Race Organization [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Parent company equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Stockholders' Equity Attributable to Parent, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Stockholders' Equity Attributable to Parent, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total stockholders&#8217; equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total stockholders&#8217; equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Attributable to Parent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Payments to Acquire Investments, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchases of investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsToAcquireInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments to Acquire Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, par value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Par or Stated Value Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SevenPointTwoFivePercentageUnsecuredSeniorNotesDueFebruaryTwoThousandAndTwentySixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">7.25% Unsecured Senior Notes Due February 2026 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SevenPointTwoFivePercentageUnsecuredSeniorNotesDueFebruaryTwoThousandAndTwentySixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Seven Point Two Five Percentage Unsecured Senior Notes Due February Two Thousand And Twenty Six [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SevenPointTwoFivePercentageUnsecuredSeniorNotesDueFebruaryTwoThousandAndTwentySixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">7.25% unsecured senior notes due February 2026.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GoodwillImpairmentLongTermGrowthRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Goodwill Impairment Long Term Growth Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GoodwillImpairmentLongTermGrowthRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Goodwill impairment long term growth rate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GoodwillImpairmentLongTermGrowthRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Goodwill impairment long term growth rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Basis of Accounting, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basis of Presentation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NinetyDayLondonInterbankOfferedRateLiborMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">90 day LIBOR [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NinetyDayLondonInterbankOfferedRateLiborMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ninety Day London Interbank Offered Rate Libor [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NinetyDayLondonInterbankOfferedRateLiborMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">90 day LIBOR.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansReceivableHeldForSaleAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Held-for-Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansReceivableHeldForSaleAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansReceivableHeldForSaleAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Loans held for sale, at lower of amortized cost or fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Stockholders' Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TimeDepositMaturitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposit Maturities [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TimeDepositMaturitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Maturity of Deposit Pools, Including Strategic Partner Reserve Deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentRepurchaseAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Repurchase amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentRepurchaseAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate principal amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentRepurchaseAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Repurchase Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndTwentyNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">September Two Thousand And Twenty Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndTwentyNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">September two thousand and twenty notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndTwentyNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">September 2020 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtLongtermAndShorttermCombinedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Debt, Long-term and Short-term, Combined Amount, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtLongtermAndShorttermCombinedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total funds borrowed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtLongtermAndShorttermCombinedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt, Long-Term and Short-Term, Combined Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtLongTermAndShortTermFundsBorrowedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Long term debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtLongTermAndShortTermFundsBorrowedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Long Term And Short Term Funds Borrowed Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtLongTermAndShortTermFundsBorrowedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt long term and short term funds borrowed amount.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtLongTermAndShortTermFundsBorrowedAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate principal amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation Approach and Technique</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Approach and Technique [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UseOfEstimates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Use of Estimates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UseOfEstimates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Use of Estimates, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OctoberTwoThousandAndTwentyTwoNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">October 2022 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OctoberTwoThousandAndTwentyTwoNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">October Two Thousand And Twenty Two Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OctoberTwoThousandAndTwentyTwoNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">October two thousand and twenty two notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Activity for Unvested Options Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Nonvested Share Activity [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditLossFinancialInstrumentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Credit Loss, Financial Instrument [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditLossFinancialInstrumentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allowance for Credit Losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Treasury Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockCommonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock, Common [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2030</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BalanceSheetComponentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Balance Sheet Components [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BalanceSheetComponentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Balance Sheet Components [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BalanceSheetComponentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Balance Sheet Components [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScheduleOfCondensedIncomeStatementTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Condensed Statements of Operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScheduleOfCondensedIncomeStatementTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Income Statement [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueDisclosuresTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value of Assets and Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueDisclosuresTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Disclosures [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansAndAllowanceForLoanLossesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Allowance For Loan Losses [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansAndAllowanceForLoanLossesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loans And Allowance For Loan Losses [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansAndAllowanceForLoanLossesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans and Allowance for Credit Losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestIncomeOther_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestIncomeOther_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Noninterest Income, Other, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestIncomeOther_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noninterest Income, Other</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestIncomeOther_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Other income, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Activity for Stock Option Programs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndFifteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">March Two Thousand And Fifteen Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndFifteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">March two thousand and fifteen notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndFifteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March 2015 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FourZeroOneKPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Four Zero One K Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FourZeroOneKPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Four Zero One K Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FourZeroOneKPlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">401 K Plan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans and Leases Receivable, Net Reported Amount, Covered</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmountCovered_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Net loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total loans, gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableNetReportedAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net loans receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Noncontrolling Interest [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument, Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputDiscountRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Discount Rate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputDiscountRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input, Discount Rate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AverageAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Average assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AverageAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Average Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AverageAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Average assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, Year Four</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2029</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ReorganizationValueNetRealizableValueOfAssetDispositions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realizable value of medallions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ReorganizationValueNetRealizableValueOfAssetDispositions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Reorganization Value, Net Realizable Value of Asset Dispositions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherStatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other States.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherStatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other States [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherStatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other States [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Exercise price per share beginning balance, Upper limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Exercise price per share ending balance, Upper limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Exercise Price Per Share Range Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentPeriodicPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument periodic payment of principal and accrued interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentPeriodicPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Debt Instrument, Periodic Payment, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentPeriodicPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Periodic Payment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingCodmIndividualTitleAndPositionOrGroupOrCommitteeNameExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RedemptionCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redemption charges</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RedemptionCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Redemption Charges</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RedemptionCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Redemption charges.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Parent Company Only Condensed Financial Statements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Financial Information of Parent Company Only Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PlanNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Plan Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PlanNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Plan Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsAndFederalFundsSold_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash, Cash Equivalents, and Federal Funds Sold, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsAndFederalFundsSold_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cash, cash equivalents and federal funds sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsAndFederalFundsSold_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash, cash equivalents, and federal funds sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsAndFederalFundsSold_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalents, and Federal Funds Sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Increase in other assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Increase (Decrease) in Other Operating Assets, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Other Operating Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Decrease in other assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment for Origination, Loan, Mortgage, Held-for-Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Origination of loans held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Origination of loans held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value, due after ten years</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">State</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">State</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current State and Local Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementExpertiseOfManagementResponsibleTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Expertise of Management Responsible [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredChargesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredChargesPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Charges, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxPeriodAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tax Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxPeriodAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tax Period [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Withheld restricted stock for employees' tax obligations, shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Stock, Shares Issued Net of Shares for Tax Withholdings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Treasury Stock, Value, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Treasury Stock, Value, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Treasury Stock, Value, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payment for repurchase of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock, Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockValue_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Treasury stock (6,280,909 shares at December 31, 2025 and 6,172,588 December 31, 2024)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DocumentAndEntityInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document and Entity Information [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DocumentAndEntityInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document And Entity Information [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DocumentAndEntityInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Document and entity information lineitems.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxReconciliationStateAndLocalIncomeTaxesMinimumPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Reconciliation State And Local Income Taxes Minimum Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxReconciliationStateAndLocalIncomeTaxesMinimumPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income Tax Reconciliation State And Local Income Taxes Minimum Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxReconciliationStateAndLocalIncomeTaxesMinimumPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income tax reconciliation state and local income taxes minimum percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NovemberTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">November Two Thousand And Twenty Three Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NovemberTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">November two thousand and twenty three notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NovemberTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">November 2023 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related and Nonrelated Parties [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationOtherAdjustments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationOtherAdjustments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Other</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReconciliationOtherAdjustments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Other Adjustments, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Year One, Originated, Current Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CollateralAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Collateral Held [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PastDueFinancingReceivablesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Past Due [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PastDueFinancingReceivablesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Aging of Loans and Loan Delinquency</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SmallBusinessAdministrationDebenturesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Small Business Administration Debentures [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SmallBusinessAdministrationDebenturesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Small business administration debentures.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SmallBusinessAdministrationDebenturesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Small Business Administration Debentures [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fixed Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property, Plant and Equipment, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_November1ToNovember30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">November 1 to November 30 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_November1ToNovember30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">November 1 to November 30 Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_November1ToNovember30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">November 1 to November 30 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SwimmingPoolsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Swimming Pools [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SwimmingPoolsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Swimming Pools [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SwimmingPoolsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Swimming pools.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxesPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income tax payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxesPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Taxes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxesPayableCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Taxes Payable, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, City or Town</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchased During Period, Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase of common stock, shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Purchase of common stock (in Shares)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PreferredStockDividendPayableAtFloatingRatePlusSpread_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of liquidation rate basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PreferredStockDividendPayableAtFloatingRatePlusSpread_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock Dividend Payable At Floating Rate Plus Spread</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PreferredStockDividendPayableAtFloatingRatePlusSpread_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Preferred stock dividend payable at floating rate plus spread.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UndistributedEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Undistributed earnings of subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UndistributedEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Undistributed Earnings, Basic, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UndistributedEarnings_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Equity in undistributed (earnings) losses of subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UndistributedEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Undistributed Earnings, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2021</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermPurchaseCommitmentPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan commitment term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermPurchaseCommitmentPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Purchase Commitment, Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfReportableSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of business segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfReportableSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Reportable Segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_SecurityExchangeName_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security Exchange Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_SecurityExchangeName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Facility</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentVariableInterestRateTypeExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseDeposits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseDeposits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense, Deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseDeposits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Interest Expense, Deposits, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Principal amount of loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Other Adjustments, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestExpenseAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestExpenseAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noninterest Expense [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NoninterestExpenseAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Operating expenses:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_January1ToJanuary31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">January 1 to January 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_January1ToJanuary31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">January 1 to January 31 member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_January1ToJanuary31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">January 1 to January 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Average Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt, Weighted Average Interest Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsAllOtherInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments, All Other Investments [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntersegmentEliminationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intersegment Eliminations [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntersegmentEliminationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intersegment Eliminations [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationEarningsBasedMarketApproachMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Earnings Based Market Approach [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationEarningsBasedMarketApproachMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation, Earnings Based Market Approach [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationEarningsBasedMarketApproachMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Valuation earnings based market approach member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CounterpartyNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Counterparty Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CounterpartyNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Counterparty Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Income (loss) before income taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration Risk Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividends from subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Equity Method Investment, Distribution, Return of Capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Number of options, cancelled</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested Options Forfeited, Number of Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CivilPenalty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Civil Penalty</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CivilPenalty_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Civil penalty.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CivilPenalty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Civil penalty</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Input Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average exercise price, cancelled</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested Options Forfeited, Weighted Average Grant Date Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanCollateralInProcessOfForeclosureMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan Collateral in Process of Foreclosure [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanCollateralInProcessOfForeclosureMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loan Collateral In Process Of Foreclosure [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanCollateralInProcessOfForeclosureMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan collateral in process of foreclosure.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfReturnOnAverageEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Return on average equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfReturnOnAverageEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Return On Average Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfReturnOnAverageEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of return on average equity.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialAssetNotPastDueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Asset, Not Past Due [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancialAssetNotPastDueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Asset, Not Past Due [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_JuneTwoThousandAndTwentyFourNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">June 2024 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_JuneTwoThousandAndTwentyFourNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">June Two Thousand And Twenty Four Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_JuneTwoThousandAndTwentyFourNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">June two thousand and twenty four notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansReceivableBalancePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impaired loans, balance percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansReceivableBalancePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans Receivable Balance Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoansReceivableBalancePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loans receivable balance percentage.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Cash and cash equivalents, beginning of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Cash and cash equivalents, end of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Accounts Payable and Accrued Liabilities, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts payable and accrued expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Payable and Accrued Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestPaidNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash paid during the period for interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestPaidNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Paid, Excluding Capitalized Interest, Operating Activity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByMeasurementBasisAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByMeasurementBasisAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Basis [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statistical Measurement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statistical Measurement [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ExcessTierOneLeverageCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Excess Tier 1 Leverage Capital, Actual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ExcessTierOneLeverageCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Excess Tier 1 leverage capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement, Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total stock based compensation expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Period End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory, Minimum, Common equity tier 1 capital ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Equity Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common equity tier one risk based capital required for capital adequacy to risk weighted assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_TitleOfIndividualAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Title of Individual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_TitleOfIndividualAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title and Position [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Hierarchy and NAV</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Hierarchy and NAV [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DefinedContributionPlanCostRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Defined benefit plan amount expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DefinedContributionPlanCostRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Defined Contribution Plan, Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ICFR Auditor Attestation Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">ICFR Auditor Attestation Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Options exercisable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock option exercisable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityCommitmentFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commitment fee percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityCommitmentFeePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility, Commitment Fee Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Redeemed or Called During Period, Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redemption price of stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Description of variable rate basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Description of Variable Rate Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Description of variable rate basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Financial Position [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted Stock Units [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockUnitsRSUMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Stock Units (RSUs) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VestingAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vesting</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VestingAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Vesting [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommercialLendingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial Lending [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommercialLendingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Lending [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommercialLendingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Commercial lending.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_August1ToAugust31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">August 1 to August 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_August1ToAugust31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">August 1 to August 31 Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_August1ToAugust31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">August 1 to August 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deferred tax liability, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Deferred tax liability, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Liabilities, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CompensationAndEmployeeBenefitPlansTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Employee Benefit Plans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CompensationAndEmployeeBenefitPlansTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Compensation and Employee Benefit Plans [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InvesteeBookValueAdjustedForMarketAppreciationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investee Book Value Adjusted for Market Appreciation [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InvesteeBookValueAdjustedForMarketAppreciationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investee Book Value Adjusted For Market Appreciation [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InvesteeBookValueAdjustedForMarketAppreciationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investee book value adjusted for market appreciation.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementStrategyAndGovernanceLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management, Strategy, and Governance [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Asset, Period Past Due</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Asset, Aging [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Instruments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IntercompanyReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intercompany receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IntercompanyReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intercompany Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IntercompanyReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Intercompany receivable.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonCashInvestingLoansTransferredToLoanCollateralInProcessOfForeclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans transferred to loan collateral in process of foreclosure, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonCashInvestingLoansTransferredToLoanCollateralInProcessOfForeclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non Cash Investing Loans Transferred To Loan Collateral In Process Of Foreclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonCashInvestingLoansTransferredToLoanCollateralInProcessOfForeclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non cash investing loans transferred to loan collateral in process of foreclosure.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SmallBusinessAdministrationDebenturesAndBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Small Business Administration Debentures and Borrowings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SmallBusinessAdministrationDebenturesAndBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Small Business Administration Debentures And Borrowings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SmallBusinessAdministrationDebenturesAndBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Small business administration debentures and borrowings.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SmallBusinessAdministrationDebenturesAndBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">SBA Debentures and Borrowings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid, Year Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Restricted Cash, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StrategicPartnershipMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Strategic Partnership [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StrategicPartnershipMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Strategic Partnership [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StrategicPartnershipMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Strategic partnership.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationBookValueBasedMarketApproachMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation, Book Value Based Market Approach [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationBookValueBasedMarketApproachMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Valuation book value based market approach member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationBookValueBasedMarketApproachMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Book Value Based Market Approach [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted Shares [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RestrictedStockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Stock [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_NY_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NEW YORK</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_NY_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">New York [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableRateAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableRateAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Rate [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Gross Unrealized Losses, Less than Twelve Months</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancialConditionAndOperatingPerformanceOfTheInvesteeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Condition and Operating Performance of the Investee [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancialConditionAndOperatingPerformanceOfTheInvesteeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Condition And Operating Performance Of The Investee [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancialConditionAndOperatingPerformanceOfTheInvesteeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Financial condition and operating performance of the investee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AggregateBookValueExceedingCompanysEquityPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Aggregate Book Value Exceeding Company's Equity, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AggregateBookValueExceedingCompanysEquityPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage by which aggregate book value exceeded the Company's equity.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AggregateBookValueExceedingCompanysEquityPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage by which aggregate book value exceeded company's equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Gross loans, beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Gross loans, ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Status of loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCovered_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Total loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PrincipalReceiptsSalesAndMaturitiesOfLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Principal receipts sales and maturities of loans.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PrincipalReceiptsSalesAndMaturitiesOfLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Principal Receipts Sales And Maturities Of Loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PrincipalReceiptsSalesAndMaturitiesOfLoans_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Principal receipts, sales, and maturities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility, Maximum Amount Outstanding During Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Adjusted weighted average common shares outstanding applicable to diluted EPS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number of Shares Outstanding, Diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Adjusted weighted average common shares outstanding applicable to diluted EPS</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity File Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Securities Act File Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments of Ordinary Dividends, Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Cash dividends paid on common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise price per share, exercised</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Exercise Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangements by share based payment award options exercises in period exercise price.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_September1ToSeptember30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">September 1 to September 30 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_September1ToSeptember30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">September 1 to September 30 Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_September1ToSeptember30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">September 1 to September 30 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AprilTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">April Two Thousand And Twenty Three Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AprilTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">April two thousand and twenty three notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AprilTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">April 2023 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Other Assets, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CoverAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Federal, State and Local, Tax Expense (Benefit) [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Exercise price per share, Vested, Upper limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Grant price per share, cancelled, upper limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures In Period Grant Price Per Share Range Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award equity instruments other than options forfeitures in period grant price per share range upper range limit.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Input Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MeasurementInputTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDueInThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Employment Agreements Future Minimum Payments Due In Three Years</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDueInThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Employment agreements future minimum payments due in three years.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDueInThreeYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2028</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Increase (Decrease) in Accounts Payable and Accrued Liabilities, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Accounts Payable and Accrued Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">(Increase) decrease in accounts payable and accrued expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestAndDividendsOnInvestmentSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest and dividends on investment securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestAndDividendsOnInvestmentSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest And Dividends On Investment Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestAndDividendsOnInvestmentSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-loan interest and dividend income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cumulative Effect, Period of Adoption [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Cancelled</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Number of shares, cancelled</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BankHoldingCompaniesAccountingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank Holding Company Accounting [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BankHoldingCompaniesAccountingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bank Holding Companies Accounting [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BankHoldingCompaniesAccountingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank Holding Companies Accounting.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory, Minimum, Total capital ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Total Risk-Based Capital Ratio, Capital Adequacy, Minimum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Asset, Period Past Due</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivablesPeriodPastDueAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Asset, Aging [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetInterestMarginNetOfAllowancePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net interest margin, net of allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetInterestMarginNetOfAllowancePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Interest Margin, Net of Allowance, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetInterestMarginNetOfAllowancePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net interest margin, net of allowance, percentage.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockConversionBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Conversion Basis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockConversionBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest rate basis point</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedStatementOfComprehensiveIncomeTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Condensed Statements of Other Comprehensive Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedStatementOfComprehensiveIncomeTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Statement of Comprehensive Income [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NotesPayableRemainingPrincipalOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Notes payable remaining principal outstanding.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NotesPayableRemainingPrincipalOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Principal amount remaining outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NotesPayableRemainingPrincipalOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Notes Payable Remaining Principal Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CollateralDeposits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Strategic partner collateral deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CollateralDeposits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Collateral Deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CollateralDeposits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Collateral deposits.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SalesRevenueNetMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue Benchmark [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SalesRevenueNetMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sales Revenue Net [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanInProcessOfForeclosureLoansTransfer_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Transfer to loan collateral in process of foreclosure, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanInProcessOfForeclosureLoansTransfer_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Transfer from loans, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanInProcessOfForeclosureLoansTransfer_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loan In Process Of Foreclosure Loans Transfer</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LoanInProcessOfForeclosureLoansTransfer_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan in process of foreclosure loans transfer.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockholdersEquityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stockholders Equity [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockholdersEquityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stockholders Equity [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StockholdersEquityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stockholders Equity [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of operating segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Operating Segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segment Reporting</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncreaseDecreaseInRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Right-of-use asset obtained in exchange for lease liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncreaseDecreaseInRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease In Right Of Use Asset Obtained In Exchange For Operating Lease Liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncreaseDecreaseInRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase (decrease) in right-of-use asset obtained in exchange for operating lease liability.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TaxJurisdictionOfDomicileExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tax Jurisdiction of Domicile [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AugustTwoThousandAndTwentyFiveNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">August Two Thousand and Twenty Five Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AugustTwoThousandAndTwentyFiveNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">August two thousand and twenty three notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AugustTwoThousandAndTwentyFiveNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">August 2025 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgageBackedSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage-backed securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgageBackedSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Collateralized Mortgage-Backed Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_WI_lbl" xlink:role="http://www.xbrl.org/2003/role/label">WISCONSIN</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_WI_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Wisconsin [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Number of options, vested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredCostsCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deferred Costs, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredCostsCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredCostsCurrentAndNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentFederalStateAndLocalTaxExpenseBenefitAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Federal, State and Local, Tax Expense (Benefit) [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDuringPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Borrowing rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDuringPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility, Interest Rate During Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Equity Method Investment, Realized Gain (Loss) on Disposal, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investment, Realized Gain (Loss) on Disposal</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">(Loss) gain on equity investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gain on equity investments, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory, Well-Capitalized, Total capital ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Total Risk-Based Capital Ratio, Well Capitalized, Minimum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2023</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Weighted average exercise price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Weighted average exercise price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Option, Nonvested, Weighted Average Exercise Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowanceCovered_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Allowance for credit losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowanceCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans and Leases Receivable, Allowance, Covered</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowanceCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowanceCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowanceCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Allowance for credit losses - beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowanceCovered_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Allowance for credit losses - ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated useful life of fixed assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property, Plant and Equipment, Useful Life</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">New Accounting Pronouncements, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recently Adopted Accounting Standards And Recently Issued Accounting Standards</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DeferredLoanOriginationCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net loan origination costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DeferredLoanOriginationCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Loan Origination Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DeferredLoanOriginationCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred loan origination costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Maturities of the Lease Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnDispositionOfAssets1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net gains on the disposition of taxi medallion assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnDispositionOfAssets1_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Gain on disposition of RPAC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnDispositionOfAssets1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain on disposition of RPAC</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnDispositionOfAssets1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gain (Loss) on Disposition of Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnDispositionOfAssets1_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Gain (Loss) on Disposition of Assets, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GoodwillImpairmentAssessmentRateBasedOnDiscount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Goodwill Impairment Assessment Rate Based On Discount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GoodwillImpairmentAssessmentRateBasedOnDiscount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Goodwill impairment assessment rate based on discount.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GoodwillImpairmentAssessmentRateBasedOnDiscount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Goodwill impairment assessment rate based on discount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vesting period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable interest entity net gain</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_VariableInterestEntityInitialConsolidationGainOrLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Variable Interest Entity, Initial Consolidation, Gain (Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CARESActMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CARES Act [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CARESActMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">C A R E S Act [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CARESActMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">CARES Act.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Provision for credit losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Provision for credit losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Asset, Tax Deferred Expense, Reserve and Accrual, Financing Receivable, Allowance for Credit Loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CarsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cars [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CarsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cars [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CarsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cars.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Carrying Amount [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CarryingReportedAmountFairValueDisclosureMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Reported Value Measurement [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment, Type [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentHoldingsScheduleOfInvestmentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Selected Financial Ratios and Other Data</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentHoldingsScheduleOfInvestmentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Holdings, Schedule of Investments [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance, shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance, shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares, Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other current liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Liability, Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Allowance for Loan and Lease Losses Write-offs, Net, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Net charge-offs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Charge-offs, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net charge-offs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Allowance for Loan and Lease Losses, Writeoff, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Depreciation, Depletion and Amortization, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation, Depletion and Amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementProcessesIntegratedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Processes Integrated [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentTransitionReport_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Transition Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentTransitionReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Transition Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalPurchaseProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital Purchase Program [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalPurchaseProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capital Purchase Program [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalPurchaseProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Capital purchase program.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Impairment Charges</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Asset Impairment Charges, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairments on Equity Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueDiscountedCashFlowMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Discounted Cash Flow [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ValuationTechniqueDiscountedCashFlowMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Technique, Discounted Cash Flow [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments for Repurchase of Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Treasury stock repurchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Investments [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Components of Tax Provision</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Cash Flows [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_April1ToApril30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">April 1 to April 30 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_April1ToApril30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">April 1 to April 30 Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_April1ToApril30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">April 1 to April 30 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Federal</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Federal</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CurrentFederalTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Federal Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetInterestMargin_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net interest margin, gross</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetInterestMargin_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Interest Margin</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetInterestMargin_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net interest margin.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Activity for Performance Stock Units and Restricted Stock Programs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement, Option, Activity [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets, Fair Value Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockLiquidationPreferenceValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, aggregate liquidation amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockLiquidationPreferenceValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Liquidation Preference, Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Exercise price per share, upper range limit beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Exercise price per share, upper range limit ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercise Price Range Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercise Price Range Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedBalanceSheetStatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Condensed Balance Sheet Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedBalanceSheetStatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Balance Sheet Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stockholders'/Shareholders' Equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Accounts Notes Loans And Financing Receivable [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts and Financing Receivables [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WaiverOfLoanFromLender_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Waiver of loan from lender</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WaiverOfLoanFromLender_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Waiver Of Loan From Lender</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WaiverOfLoanFromLender_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Waiver of loan from lender.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NinePointZeroZeroZeroPercentageSeniorNotesDueTwentyTwentyOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">9.000% Senior Notes due 2021 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NinePointZeroZeroZeroPercentageSeniorNotesDueTwentyTwentyOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Nine Point Zero Zero Zero Percentage Senior Notes Due Twenty Twenty One [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NinePointZeroZeroZeroPercentageSeniorNotesDueTwentyTwentyOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Nine point zero zero zero percentage senior notes due twenty twenty one.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementProcessesIntegratedTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Processes Integrated [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Income (loss) before undistributed earnings of subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net income (loss) attributable to Medallion Financial Corp.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate intrinsic value of option outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansFromOtherFederalHomeLoanBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans from Other Federal Home Loan Banks</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansFromOtherFederalHomeLoanBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Home improvement loans pledged</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ExecutiveVicePresidentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Executive Vice President [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ExecutiveVicePresidentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Executive Vice President [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating lease costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ContractualMaturitiesTimeDeposits100000OrMoreAfter12Months_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Over one year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ContractualMaturitiesTimeDeposits100000OrMoreAfter12Months_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Maturities, Time Deposits, $100,000 or More, after 12 Months</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalFundsPurchasedFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Funds borrowed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalFundsPurchasedFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Federal Funds Purchased, Fair Value Disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationTechniqueInvesteeFinancialAnalysisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investee Financial Analysis [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationTechniqueInvesteeFinancialAnalysisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Technique Investee Financial Analysis [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationTechniqueInvesteeFinancialAnalysisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Valuation technique investee financial analysis.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ImpactOfEquityInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Impact Of Equity Investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ImpactOfEquityInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Impact of equity investment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ImpactOfEquityInvestment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impact of equity investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SegmentReportingDisclosureLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segment Reporting Disclosure [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SegmentReportingDisclosureLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting Disclosure [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SegmentReportingDisclosureLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Segment reporting disclosure.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfGrossRealEstateAndLoanActivityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Gross Real Estate And Loan Activity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfGrossRealEstateAndLoanActivityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Gross Real Estate And Loan Activity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfGrossRealEstateAndLoanActivityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule Of Gross Real Estate And Loan Activity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DelinquencyStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Delinquency status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DelinquencyStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Delinquency Status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DelinquencyStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Delinquency status.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Available-for-sale Securities, Debt Maturities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Available-for-Sale Securities, Debt Maturities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Intangible Assets, Net (Excluding Goodwill), Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Intangibles assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible assets, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Assets, Net (Excluding Goodwill)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeasePayments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating cash flows from operating leases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeasePayments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments of Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repayments of debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Year Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Year Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Benchmark [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedCashFlowStatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Condensed Cash Flow Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedCashFlowStatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Cash Flow Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNiMeasurementInput_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNiMeasurementInput_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities, FV-NI, Measurement Input</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Accrued expenses, compensation, and other assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deferred Tax Assets, Tax Deferred Expense, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued expenses, compensation, and other assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsTaxDeferredExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Tax Deferred Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CASH FLOWS FROM INVESTING ACTIVITIES</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InvestmentsInLoansLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments In Loans [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InvestmentsInLoansLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments In Loans [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InvestmentsInLoansLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments In Loans [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DeferredTaxAssetsOtherInvestmentsAndInvestmentSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets Other Investments and Investment Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DeferredTaxAssetsOtherInvestmentsAndInvestmentSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred tax assets other investments and investment securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DeferredTaxAssetsOtherInvestmentsAndInvestmentSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other investments and investment securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intrinsic value of options vested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseLongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense, Long-Term Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseLongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Interest Expense, Long-Term Debt, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseLongTermDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on long-term debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory, Well-Capitalized, Leverage ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Tier 1 Leverage Capital Ratio, Well Capitalized, Minimum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ComprehensiveIncomeTaxEffectOnUnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Comprehensive Income Tax Effect On Unrealized Gain Loss On Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ComprehensiveIncomeTaxEffectOnUnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Comprehensive income tax effect on unrealized gains (losses) on investments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ComprehensiveIncomeTaxEffectOnUnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tax effect on unrelaized (losses) gains on investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Defined Contribution Plan, Employer Matching Contribution, Percent of Match</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Employee contributions to 401(k) Plan matched by company in an amount per employee of first 6% of employee's annual contributions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Federal</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Federal</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Federal Income Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock-based compensation expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsForChangeInAccountingPrincipleAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in Accounting Principle, Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsForChangeInAccountingPrincipleAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Change in Accounting Principle, Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSubsidiaryOrEquityMethodInvesteeTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Subsidiary Or Equity Method Investee [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSubsidiaryOrEquityMethodInvesteeTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsidiary or Equity Method Investee, Sale of Stock [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OctoberTwoThousandAndTwentyOneNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">October Two Thousand And Twenty One Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OctoberTwoThousandAndTwentyOneNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">October two thousand and twenty one notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OctoberTwoThousandAndTwentyOneNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">October 2021 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TransactionTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Transaction Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TransactionTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Transaction Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Redemption of non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Less: redemption of non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Less:redemption of Series F preferred stock - funds paid in excess of carrying value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfNonOperatingSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of non-operating segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfNonOperatingSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Non Operating Segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NumberOfNonOperatingSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of non- operating segments.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value of Assets and Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ControlledSubsidiaryInvestmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Controlled Subsidiary Investment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ControlledSubsidiaryInvestmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Controlled Subsidiary Investment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ControlledSubsidiaryInvestmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Controlled subsidiary investment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfGrossLoanAndLeasesReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of total gross loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfGrossLoanAndLeasesReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Gross Loan And Leases Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfGrossLoanAndLeasesReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage Of Gross Loan And Leases Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CompensatingBalanceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Compensating Balance, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CompensatingBalanceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-interest-bearing compensating balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Other Liabilities, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GainLossOnSaleOfLicenseOrPermit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain on taxi medallion assets, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GainLossOnSaleOfLicenseOrPermit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gain Loss on Sale of License or Permit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GainLossOnSaleOfLicenseOrPermit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Gain loss on sale of license or permit.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromStockOptionsExercised_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from the exercise of stock options</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromStockOptionsExercised_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Stock Options Exercised</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueDisclosuresAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Disclosures [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitments and Contingencies Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetChangeInLoanCollateralInProcessOfForeclosure_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net change in value of loan collateral in process of foreclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetChangeInLoanCollateralInProcessOfForeclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Change In Loan Collateral In Process Of Foreclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetChangeInLoanCollateralInProcessOfForeclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net change in loan collateral in process of foreclosure.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetChangeInLoanCollateralInProcessOfForeclosure_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Net change in loan collateral in process of foreclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid, Year One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLongTermLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repayments of credit facilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLongTermLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments of Long-Term Lines of Credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_FL_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Florida [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="stpr_FL_lbl" xlink:role="http://www.xbrl.org/2003/role/label">FLORIDA</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NewYorkTaxiMedallionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">New York Taxi Medallion [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NewYorkTaxiMedallionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">New York Taxi Medallion [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NewYorkTaxiMedallionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">New York taxi medallion.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TimeDeposits100000OrMore_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TimeDeposits100000OrMore_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposits, $100,000 or More</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDueCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Employment Agreements Future Minimum Payments Due Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDueCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Employment agreements future minimum payments due current.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDueCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2026</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_March1ToMarch31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">March 1 to March 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_March1ToMarch31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">March 1 to March 31 Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_March1ToMarch31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March 1 to March 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TrustPreferredSecuritiesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred securities outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TrustPreferredSecuritiesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trust Preferred Securities Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TrustPreferredSecuritiesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Trust preferred securities outstanding.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Debt instrument outstanding amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Line of Credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Long-term Line of Credit, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term Line of Credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentAdditionalLeverageFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument, additional leverage fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentAdditionalLeverageFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Additional Leverage Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentAdditionalLeverageFee_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt instrument, additional leverage fee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Thereafter</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid, after Year Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrecognized compensation cost related to unvested stock options and restricted stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Unrecognized compensation cost related to unvested stock options, restricted stock, restricted stock units, and performance share units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RetailAndPrivatelyPlacedNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Retail and Privately Placed Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RetailAndPrivatelyPlacedNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retail And Privately Placed Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RetailAndPrivatelyPlacedNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Retail And Privately Placed Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RetailAndPrivatelyPlacedNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Privately Placed Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets, Fair Value Disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate percentage of loans lending</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Employment agreements expiration description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Employment Agreement Description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Employment Agreement Description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntellectualPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intellectual Property [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IntellectualPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intellectual Property [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash used for investing activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Investing Activity, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Title of 12(b) Security</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title of 12(b) Security</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Segment Reporting Information By Segment [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ChargeoffsToLoansPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Charge-off (recovery) ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ChargeoffsToLoansPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Chargeoffs To Loans Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ChargeoffsToLoansPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Chargeoffs To Loans Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_Rule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Rule 10b 51 Arr Modified [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_Rule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Rule 10b 51 Arr modified.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_Rule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rule 10b5-1 Arrangement Modified</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares remain authorized for repurchase amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Repurchase Program, Remaining Authorized, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Maximum Approximate Dollar Value of Shares that May Yet to Be Purchased under the Plans or Programs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average grant price, cancelled</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsegmentsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsegments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsegmentsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsegments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortized Cost, due after one year through five years</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related and Nonrelated Parties [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Thereafter</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Maturity, after Year Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfTrustPreferredSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sale of preferred securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfTrustPreferredSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Issuance of Trust Preferred Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PublicCompanyComparablesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Precedent Arms Length Offer [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PublicCompanyComparablesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Public Company Comparables [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PublicCompanyComparablesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Public company comparables.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccruedLiabilitiesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accrued interest payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccruedLiabilitiesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accrued Liabilities, Fair Value Disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PreferredSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PreferredSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PreferredSecuritiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Preferred securities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfPerformanceStatusOfLoanTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Performance Status of Loan</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfPerformanceStatusOfLoanTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Performance Status Of Loan Table [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfPerformanceStatusOfLoanTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of performance status of loan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument, Redemption, Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Redemption, Period [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommitmentsAndContingenciesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commitments And Contingencies [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommitmentsAndContingenciesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Commitments And Contingencies [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidated Entities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consolidated Entities [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseShortTermBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense, Short-Term Borrowings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseShortTermBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Interest Expense, Short-Term Borrowings, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestExpenseShortTermBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest on short-term borrowings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LegalEntityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Legal Entity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LegalEntityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Legal Entity [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value, due after one year through five years</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedBalanceSheetStatementsCaptionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Balance Sheet Statements, Captions [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestBearingDomesticDepositBrokered_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Brokered time deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestBearingDomesticDepositBrokered_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest-Bearing Domestic Deposit, Brokered</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StrategicPartnershipFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Strategic partnership fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StrategicPartnershipFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Strategic Partnership Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StrategicPartnershipFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Strategic partnership fees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Weighted average exercise price, beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Weighted average exercise price, ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Medallion Bank Preferred Stock (Non-controlling Interest)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxRateReconciliationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Tax Rate Reconciliation [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxRateReconciliationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Rate Reconciliation [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncomeTaxRateReconciliationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income Tax Rate Reconciliation [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TimeDeposits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TimeDeposits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Time deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TimeDeposits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory, Minimum, Leverage ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Tier 1 Leverage Capital Ratio, Capital Adequacy, Minimum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Recurring and Nonrecurring [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital in Excess of Par [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Additional Paid-in Capital [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Additional Paid In Capital [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total capital ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Total Risk-Based Capital Ratio, Actual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Frequency</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Frequency [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repurchases of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Repurchase Program, Authorized, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">New Accounting Pronouncements or Change in Accounting Principle [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">New Accounting Pronouncements or Change in Accounting Principle [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ProfessionalFeeCostBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Professional Fee Cost Benefit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ProfessionalFeeCostBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Professional fee cost benefit.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ProfessionalFeeCostBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Professional fee costs (benefits), net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_TradingSymbol_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trading Symbol</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_TradingSymbol_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PledgedSecuritiesAdvanceRateOfFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pledged securities advance rate of fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PledgedSecuritiesAdvanceRateOfFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Pledged Securities, Advance Rate of Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PledgedSecuritiesAdvanceRateOfFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Pledged securities advance rate of fair value.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityMethodInvestmentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Method Investments, Fair Value Disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Related Party Transactions By Related Party [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNi_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Equity investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNi_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities, FV-NI, Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNi_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity securities, fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortized Cost, due in one year or less</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-deductible expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_DirectorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Director [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_DirectorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Director [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LiborMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LIBOR [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LiborMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">LIBOR [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LiborMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">LIBOR member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Tier 1 Risk-Based Capital Ratio, Well Capitalized, Minimum</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory, Well-Capitalized, tier 1 capital ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgageLoansInProcessOfForeclosureAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan collateral in process of foreclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgageLoansInProcessOfForeclosureAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Loans collateral in process of foreclosure - beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgageLoansInProcessOfForeclosureAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Loans collateral in process of foreclosure - ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgageLoansInProcessOfForeclosureAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans in Process of Foreclosure, Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_MortgageLoansInProcessOfForeclosureAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cumulative charges of loans and loan collateral in process of foreclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Activity in Allowance for Loan Losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Allowance for Credit Loss [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CASH FLOWS FROM FINANCING ACTIVITIES</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_VestingOnJuneElevenTwoThousandAndTwentyFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Vesting On June Eleven Two Thousand And Twenty Five [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_VestingOnJuneElevenTwoThousandAndTwentyFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Vesting on june eleven two thousand and twenty five.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_VestingOnJuneElevenTwoThousandAndTwentyFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vest on June 11, 2025 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StrategicPartnerCollateralDepositsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Strategic Partner Collateral Deposits [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_StrategicPartnerCollateralDepositsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Strategic partner collateral deposits.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Recurring [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsRecurringMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Recurring [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total lease payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, to be Paid</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountingStandardsUpdate201613Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounting Standards Update 2016-13 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountingStandardsUpdate201613Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Standards Update 2016-13 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, liquidation preference per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Liquidation Preference Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndSeventeenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">March Two Thousand And Seventeen Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndSeventeenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">March two thousand and seventeen notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MarchTwoThousandAndSeventeenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">March 2017 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Less imputed interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lessee, Operating Lease, Liability, Undiscounted Excess Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Measurement Inputs and Valuation Techniques [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement Inputs and Valuation Techniques [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Components</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Components [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsHeldInTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Assets Held-in-trust, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsHeldInTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate assets of trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsHeldInTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset, Held-in-Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Borrowings</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RegulatoryFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RegulatoryFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Regulatory Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RegulatoryFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Regulatory fees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LineOfCreditFacilityDrawableAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line Of Credit Facility Drawable Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LineOfCreditFacilityDrawableAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility Drawable Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LineOfCreditFacilityDrawableAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Line of credit facility drawable amount.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityComponentDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity Component</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityComponentDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Component [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByAssetClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Asset Class [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndEighteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">September Two Thousand And Eighteen Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndEighteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">September two thousand and eighteen notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndEighteenNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">September 2018 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Noncontrolling Interests</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromMinorityShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-controlling interest equity raised by Medallion Bank</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoanCommitmentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoanCommitmentsPolicy_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loan Commitments, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ClassOfStockDisclosuresAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock Disclosures [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allowance as a Percent of Loan Category</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Allowance For Loan And Lease Losses Loans Acquired Percentage Of Loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Allowance For Loan and Lease Losses Loans Acquired Percentage of Loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ContractualMaturitiesTimeDeposits100000OrMoreThreeMonthsThroughSixMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Over three months through six months</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ContractualMaturitiesTimeDeposits100000OrMoreThreeMonthsThroughSixMonths_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Maturities, Time Deposits, $100,000 or More, Three Months Through Six Months</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherNoninterestExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherNoninterestExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Noninterest Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentAnnualReport_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Annual Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentAnnualReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Annual Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepositsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deposits [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepositsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deposits [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AdvanceRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advance rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AdvanceRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advance Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AdvanceRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advance rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ProceedsFromSaleAndPrincipalPaymentsOfLoanCollateralInProcessOfForeclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from the sale and principal payments on loan collateral in process of foreclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ProceedsFromSaleAndPrincipalPaymentsOfLoanCollateralInProcessOfForeclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Sale And Principal Payments Of Loan Collateral In Process Of Foreclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ProceedsFromSaleAndPrincipalPaymentsOfLoanCollateralInProcessOfForeclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from sale and principal payments of loan collateral in process of foreclosure.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ProceedsFromSaleAndPrincipalPaymentsOfLoanCollateralInProcessOfForeclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Proceeds from sale and principal payments of loan collateral in process of foreclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortized Cost, due after five years through ten years</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Issuance of restricted stock, net, shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SevenPointFiveZeroPercentageUnsecuredSeniorNotesDueDecemberTwoThousandAndTwentySevenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">7.50% Unsecured Senior Notes Due December 2027 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SevenPointFiveZeroPercentageUnsecuredSeniorNotesDueDecemberTwoThousandAndTwentySevenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Seven Point Five Zero Percentage Unsecured Senior Notes Due December Two Thousand And Twenty Seven [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SevenPointFiveZeroPercentageUnsecuredSeniorNotesDueDecemberTwoThousandAndTwentySevenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">7.50% unsecured senior notes due December 2027.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PostemploymentBenefitsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Postemployment Benefits [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_December1ToDecember31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">December 1 to December 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_December1ToDecember31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">December 1 to December 31 Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_December1ToDecember31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">December 1 to December 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Depreciation, Depletion and Amortization, Nonproduction, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation and amortization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation, Depletion and Amortization, Nonproduction</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesReceivableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Financing Receivable, after Allowance for Credit Loss, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesReceivableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, after Allowance for Credit Loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesReceivableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notes receivable net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesReceivableNet_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Comprehensive Income [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteOff1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteOff1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Write off1</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteOff1_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Financing receivable excluding accrued interest allowance for credit loss write off1.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteOff1_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtConversionConvertedInstrumentExpirationOrDueDateMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument expiration date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtConversionConvertedInstrumentExpirationOrDueDateMonthAndYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Conversion, Converted Instrument, Expiration or Due Date, Month and Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Increase in accrued interest receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Accrued Investment Income Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maximum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statistical Measurement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statistical Measurement [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalizedRecreationLoanOriginationCostsAndFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalized recreation loan origination costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalizedRecreationLoanOriginationCostsAndFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Recreation Loan Origination Costs and Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalizedRecreationLoanOriginationCostsAndFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Capitalized recreation loan origination costs and fees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average exercise price, exercised</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FederalReserveDiscountWindowAndOtherBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Federal reserve discount window and other borrowings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FederalReserveDiscountWindowAndOtherBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Federal Reserve Discount Window and Other Borrowings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FederalReserveDiscountWindowAndOtherBorrowingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Federal reserve discount window and other borrowings.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancingReceivableOriginatedFiveYearsBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2020</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancingReceivableOriginatedFiveYearsBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable Originated Five Years Before Latest Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancingReceivableOriginatedFiveYearsBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Financing receivable originated five years before latest fiscal year.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Common Stock, Value, Issued, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Common Stock, Value, Issued, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Common Stock, Value, Issued, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Value, Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock (50,000,000 shares of $0.01 par value stock authorized - 29,592,592 shares at December 31, 2025 and 29,308,182 shares at December 31, 2024 issued)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_Penalties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Penalties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_Penalties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Penalties.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_Penalties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Penalties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Financing Receivable Allowance For Credit Losses [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Allowance for Credit Loss [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TravisBurtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Travis Burt [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TravisBurtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Travis Burt [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TravisBurtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Travis Burt.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MortgageLoansInProcessOfForeclosureAmountRelatesToRecreationPortfolio_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan collateral in process of foreclosure value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MortgageLoansInProcessOfForeclosureAmountRelatesToRecreationPortfolio_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans In Process Of Foreclosure Amount Relates To Recreation Portfolio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MortgageLoansInProcessOfForeclosureAmountRelatesToRecreationPortfolio_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage loans in process of foreclosure amount relates to recreation portfolio.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Total stockholders' equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">MFIN equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total shareholders&#8217; equity (net assets)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Including Portion Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PrivatelyPlacedNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Privately Placed Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PrivatelyPlacedNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Privately Placed Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PrivatelyPlacedNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Privately placed notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FebruaryTwoThousandAndTwentyOneNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">February 2021 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FebruaryTwoThousandAndTwentyOneNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">February Two Thousand And Twenty One Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FebruaryTwoThousandAndTwentyOneNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">February two thousand and twenty one notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net operating loss carryforwards</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deferred Tax Assets, Operating Loss Carryforwards, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net operating loss carryforwards</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Assets, Operating Loss Carryforwards</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementProcessesForAssessingIdentifyingAndManagingThreatsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RecreationalVehiclesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recreational Vehicles [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RecreationalVehiclesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Recreational Vehicles [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RecreationalVehiclesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Recreational Vehicles [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialRatiosAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Ratios/supplemental data</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialRatiosAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Selected Financial Ratios</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialRatiosAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Financial Ratios [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">State and local income taxes, net of federal income tax benefit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ManagerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Manager [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ManagerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Manager.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ManagerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Manager [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TimeDepositsAtOrAboveFDICInsuranceLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Time deposits, at or above FDIC Insurance limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TimeDepositsAtOrAboveFDICInsuranceLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Time Deposits, at or Above FDIC Insurance Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityPublicFloat_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Public Float</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityPublicFloat_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Public Float</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TierOneRiskBasedCapitalRequiredForCapitalAdequacyWithBufferToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Tier one risk based capital required for capital adequacy with buffer to risk weighted assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TierOneRiskBasedCapitalRequiredForCapitalAdequacyWithBufferToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tier One Risk Based Capital Required for Capital Adequacy With Buffer to Risk Weighted Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TierOneRiskBasedCapitalRequiredForCapitalAdequacyWithBufferToRiskWeightedAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory, Minimum, tier 1 Buffer capital ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Preferred stock, shares authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Preferred Stock, Shares Authorized</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Less: comprehensive income attributable to the non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Less: comprehensive income attributable to the non-controlling interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Finite-Lived Intangible Assets by Major Class</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Finite-Lived Intangible Assets by Major Class [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BankHoldingCompaniesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank Holding Company Accounting [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BankHoldingCompaniesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bank Holding Companies [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BankHoldingCompaniesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank holding companies member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDebtTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Outstanding Balances of Funds Borrowed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfDebtTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Debt [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RichardPettyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Richard Petty [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RichardPettyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Richard Petty [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RichardPettyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Richard Petty.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Payment of withholding taxes on net settlement of vested stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment, Tax Withholding, Share-Based Payment Arrangement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transaction [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Registrant Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Funds Borrowed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Goodwill and other intangibles</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deferred Tax Liabilities, Goodwill and Intangible Assets, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Goodwill and other intangibles</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Tax Liabilities, Goodwill and Intangible Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Deferred tax liabilities related to goodwill and intangible assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GoodwillImpairmentAssessmentRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Goodwill impairment assessment rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GoodwillImpairmentAssessmentRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Goodwill Impairment Assessment Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_GoodwillImpairmentAssessmentRate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Goodwill impairment assessment rate.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Gross Unrealized Losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AugustTwoThousandAndTwentyFourNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">August Two Thousand And Twenty Four Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AugustTwoThousandAndTwentyFourNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">August two thousand and twenty four notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AugustTwoThousandAndTwentyFourNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">August 2024 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityVoluntaryFilers_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Voluntary Filers</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityVoluntaryFilers_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Voluntary Filers</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ContractorRelationshipsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contractor Relationships [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ContractorRelationshipsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Contractor Relationships [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ContractorRelationshipsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Contractor Relationships [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total Numbers of Shares Purchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock, Shares, Acquired</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TaxiMedallionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Taxi Medallion [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TaxiMedallionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Taxi Medallion [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TaxiMedallionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Taxi medallion Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">State</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">State</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred State and Local Income Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Events [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Grant price per share, upper range limit beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Grant price per share, upper range limit ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Grant Price Per Share Range Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeUpperRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Grant Price Per Share Range Upper Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="cyd_CybersecurityRiskManagementPositionsOrCommitteesResponsibleFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cybersecurity Risk Management Positions or Committees Responsible [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SOFR Rate [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidated Entities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consolidated Entities [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Income tax benefit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel">Net provision for income taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total income tax provision</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total income tax provision</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Income tax (provision) benefit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Frequency</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Frequency [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherProductLinesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other Product Lines [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherProductLinesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Product Lines [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_OtherProductLinesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other Product lines.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnSalesOfConsumerLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain on sale of recreation loans held for sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnSalesOfConsumerLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gain (Loss) on Sales of Consumer Loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchased During Period, Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase of common stock, value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Valuation Techniques and Significant Unobservable Inputs Used in Non-Recurring Level 3 Fair Value Measurements of Assets and Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommercialLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Loan [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommercialLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Commercial [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommercialLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial Loans [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Common Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Common Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_USStatesAndPoliticalSubdivisionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">State and Municipalities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_USStatesAndPoliticalSubdivisionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">US States and Political Subdivisions Debt Securities [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CompensationRelatedCostsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock Compensation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CompensationRelatedCostsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Compensation Related Costs, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ReturnOnAverageAssetsPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Return On Average Assets Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ReturnOnAverageAssetsPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Return on average assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ReturnOnAverageAssetsPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Return On Average Assets Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonInterestExpenseIncome_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Operating expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonInterestExpenseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non Interest Expense Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonInterestExpenseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non interest expense income.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DisposalGroupClassificationAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disposal Group Classification [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DzBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dz Bank [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DzBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dz Bank [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DzBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Dz Bank [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Accumulated Other Comprehensive Income (Loss), Net of Tax, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated other comprehensive income (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accumulated Other Comprehensive Income (Loss), Net of Tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidationItemsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidation Items</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ConsolidationItemsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consolidation Items [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalizedLoanOriginationCostsAndFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capitalized Loan Origination Costs and Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalizedLoanOriginationCostsAndFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Capitalized loan origination costs and fees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CapitalizedLoanOriginationCostsAndFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capitalized loan origination costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net gains on equity investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realized losses on investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gain (Loss) on Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Net Asset Value Per Share, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Book value per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Net asset value at the end of the period/year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Asset Value Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of shares, granted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock based compensation award</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestExpenseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total interest expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestExpenseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_InterestExpenseNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest expense, net.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PerformingFinancingReceivableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Performing [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PerformingFinancingReceivableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Performing Financial Instruments [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Financing Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class of Financing Receivable [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetirementPlanNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retirement Plan Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financing Receivable Recorded Investment Past Due [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Past Due [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate fair value of restricted stock outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_July1ToJuly31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">July 1 to July 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_July1ToJuly31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">July 1 to July 31 Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_July1ToJuly31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">July 1 to July 31 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Paid on or Before February 1, 2018 [Member]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNiRealizedGainLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Less: Net gains (losses) recognized during the period on equity securities sold during the period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNiRealizedGainLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity Securities, FV-NI, Realized Gain (Loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNiRealizedGainLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Equity Securities, FV-NI, Realized Gain (Loss), Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquitySecuritiesFvNiRealizedGainLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gains (Loss) on Equity Securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnSalesOfLoansNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain loss on sales of loans net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnSalesOfLoansNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Gain (Loss) on Sales of Loans, Net, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnSalesOfLoansNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gain (Loss) on Sales of Loans, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnSalesOfLoansNet_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Gains on sale of loans and taxi medallion</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentMaturityYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentMaturityYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Maturity Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DebtInstrumentMaturityYear_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt instrument, maturity year.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Initial public offering shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issued During Period, Shares, New Issues</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConstructionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConstructionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Construction [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Number of shares, vested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of shares vested and settled</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncreaseDecreaseInDeferredFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase decrease in deferred financing costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncreaseDecreaseInDeferredFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease In Deferred Financing Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IncreaseDecreaseInDeferredFinancingCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Decrease (increase) in deferred financing costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Diluted income per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Earnings Per Share, Diluted, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share, Diluted</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Diluted earnings per share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Segment Data</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Segment Reporting Information, by Segment [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingSegmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating Segments [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingSegmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Segments [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfFutureMinimumPaymentsUnderEmploymentAgreementsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Future Minimum Payments Under Employment Agreements</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfFutureMinimumPaymentsUnderEmploymentAgreementsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Future Minimum Payments Under Employment Agreements Table [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfFutureMinimumPaymentsUnderEmploymentAgreementsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of future minimum payments under employment agreementsTableTextBlock.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effective Income Tax Rate Reconciliation, Percent [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_TitleOfIndividualWithRelationshipToEntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Title of Individual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_TitleOfIndividualWithRelationshipToEntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title and Position [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Dividends, Common Stock, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends, Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividends paid on common stock ($0.08 per share)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DividendsCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividend paid on common stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CityAreaCode_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">City Area Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CityAreaCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Other Comprehensive Income (Loss), Net of Tax, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Comprehensive Income (Loss), Net of Tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other comprehensive income (loss), net of tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Other comprehensive income (loss), net of tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProvisionForLoanLossesExpensed_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Credit Loss, Expense (Reversal)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProvisionForLoanLossesExpensed_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Allowance for credit losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProvisionForLoanLossesExpensed_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Provision for credit losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProvisionForLoanLossesExpensed_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Benefit for credit losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProvisionForLoanLossesExpensed_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Provision (benefit) for credit losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFeeAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Leverage fee amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFeeAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Fee Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Deposits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deposits, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Deposits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Deposits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Note Amounts</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument face amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Face Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income tax receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Taxes Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Borrowing capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Line of credit facility maximum borrowing capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DecemberThirtyOneTwoThousandTwentySixToDecemberThirtyOneTwoThousandThirtyFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">December 31, 2026 To December 31, 2035 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DecemberThirtyOneTwoThousandTwentySixToDecemberThirtyOneTwoThousandThirtyFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">December Thirty One Two Thousand Twenty Six To December Thirty One Two Thousand Thirty Five [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DecemberThirtyOneTwoThousandTwentySixToDecemberThirtyOneTwoThousandThirtyFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">December Thirty One Two Thousand Twenty Six to December Thirty One Two Thousand Thirty Five.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeases_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest and fees on loans</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeases_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest and Fee Income, Loans and Leases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InterestAndFeeIncomeLoansAndLeases_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Interest and Fee Income, Loans and Leases, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RepurchaseAgreementCounterpartyNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Counterparty Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RepurchaseAgreementCounterpartyNameDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Counterparty Name [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate fair value of restricted stock vested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansHeldForSaleFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loan, Held-for-Sale, Fair Value Disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansHeldForSaleFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans held for investment, net of allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average remaining lease term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Weighted Average Remaining Lease Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Exercise price per share, lower range limit beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Exercise price per share, lower range limit ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercise Price Range Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Exercise Price Range Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DocumentAndEntityInformationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document And Entity Information [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DocumentAndEntityInformationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document And Entity Information [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DocumentAndEntityInformationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Document and entity information table.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonRule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non Rule 10b 51 Arr Modified [Flag]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonRule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non Rule 10b 51 Arr Modified.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonRule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non Rule 10b5-1 Arrangement Modified</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetirementPlanNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Retirement Plan Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetirementPlanNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retirement Plan Name [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AwardDateAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Award Date [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and Cash Equivalents</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and Cash Equivalents, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_OfficerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Officer [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_OfficerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Officer [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IntercompanyPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intercompany payables</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IntercompanyPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intercompany Payables</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_IntercompanyPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Intercompany Payables</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Allowance for credit losses - beginning balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Allowance for credit losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Loans and Leases Receivable, Allowance, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Loans and Leases Receivable, Allowance, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Allowance for loan loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Allowance for loan losses - ending balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans and Leases Receivable, Allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Cash and cash equivalents, beginning of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Cash and cash equivalents, end of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AwardDateDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Award Date [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityCapacityAvailableForTradePurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument commitments available</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LineOfCreditFacilityCapacityAvailableForTradePurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Line of Credit Facility, Capacity Available for Trade Purchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonEmployeeDirectorOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non Employee Director One [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonEmployeeDirectorOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non Employee Director One [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NonEmployeeDirectorOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non Employee Director One [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Retained Earnings (Accumulated Deficit) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RetainedEarningsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retained Earnings [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TierOneLeverageCapitalRequiredForCapitalAdequacyToTotalAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tier 1 leverage capital to total assets ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TierOneLeverageCapitalRequiredForCapitalAdequacyToTotalAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tier One Leverage Capital Required For Capital Adequacy To Total Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TierOneLeverageCapitalRequiredForCapitalAdequacyToTotalAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Tier one leverage capital required for capital adequacy to total assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BrokerageFeesPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Average brokerage fee percentage in relation to the maturity of deposits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BrokerageFeesPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Brokerage Fees Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BrokerageFeesPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Brokerage fees percentage.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and Cash Equivalents [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedStatementOfIncomeCaptionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Condensed Statement of Income Captions [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedStatementOfIncomeCaptionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Statement of Income Captions [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfAllowanceForLoanLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of Allowance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfAllowanceForLoanLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Allowance For Loan Losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PercentageOfAllowanceForLoanLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of allowance for loan losses.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Transaction</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_TransactionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Transaction [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Share-based Payment Arrangement, Noncash Expense, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock-based compensation expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ShareBasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-Based Payment Arrangement, Noncash Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalFundsSold_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Federal funds sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FederalFundsSold_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Federal Funds Sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans Insured or Guaranteed by Government Authorities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LoansInsuredOrGuaranteedByGovernmentAuthoritiesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Loans Insured or Guaranteed by Government Authorities [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDueInTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Employment Agreements Future Minimum Payments Due In Two Years</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDueInTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Employment agreements future minimum payments due in two years.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDueInTwoYears_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Future minimum payments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Employment Agreements Future Minimum Payments Due</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_EmploymentAgreementsFutureMinimumPaymentsDue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Employment agreements future minimum payments due.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value, Less than Twelve Months</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WholesaleTradeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Wholesale Trade [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WholesaleTradeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Wholesale Trade [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_WholesaleTradeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Wholesale trade.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Medallion Bank [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Medallion Bank [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MedallionBankMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Medallion Bank.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TaxiMedallionLendingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Taxi Medallion Lending [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TaxiMedallionLendingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Taxi Medallion Lending [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_TaxiMedallionLendingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Taxi Medallion Lending Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average discount rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Weighted Average Discount Rate, Percent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLiabilityNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating lease liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingLeaseLiabilityNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Lease, Liability, Noncurrent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 1 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 1 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by financing activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Financing Activity, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Repurchase amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Notes Payable, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Aggregate principal amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NotesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Notes Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CollateralDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Collateral Held [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepositsRetail_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Retail savings deposit balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DepositsRetail_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deposits, Retail</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeaseCostTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Operating Lease Costs and Additional Information</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LeaseCostTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lease, Cost [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfAllowanceForLoanLossesByTypeOfLoanTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Allowance for Loan Losses by Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfAllowanceForLoanLossesByTypeOfLoanTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Allowance For Loan Losses By Type Of Loan Table [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ScheduleOfAllowanceForLoanLossesByTypeOfLoanTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of allowance for loan losses by type of loan.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Exercise price per share, Vested, Lower limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Grant price per share, cancelled, lower limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures In Period Grant Price Per Share Range Lower Range Limit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeLowerRangeLimit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award equity instruments other than options forfeitures in period grant price per share range lower range limit.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2022</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorLocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Location</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-Term Debt [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongTermDebtMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxLiabilitiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deferred Income Tax Liabilities, Net, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxLiabilitiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Deferred tax liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxLiabilitiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred tax liabilities, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DeferredIncomeTaxLiabilitiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Income Tax Liabilities, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FreshstartVentureCapitalCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">FSVC's [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FreshstartVentureCapitalCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Freshstart Venture Capital Corp [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FreshstartVentureCapitalCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Freshstart venture capital corp.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value, due after five years through ten years</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Investments, Fair Value Disclosure, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments, Fair Value Disclosure</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment securities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PropertyEquipmentAndRightOfUseAssetNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property, equipment, and right-of-use lease asset, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PropertyEquipmentAndRightOfUseAssetNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property Equipment And Right Of Use Asset Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_PropertyEquipmentAndRightOfUseAssetNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Property equipment and right of use asset net.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BoatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Boats [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BoatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Boats [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_BoatsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Boats.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RemainingAmountOfDebentureAfterDeductingLeverageFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Remaining amount of debenture after deducting leverage fee kept for capitalization of retained earning or capital infusion</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RemainingAmountOfDebentureAfterDeductingLeverageFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Remaining Amount Of Debenture After Deducting Leverage Fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RemainingAmountOfDebentureAfterDeductingLeverageFee_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Remaining amount of debenture after deducting leverage fee.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherDeferredLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Change in deferred and other tax assets/liabilities, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherDeferredLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Other Deferred Liability</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOtherDeferredLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase (decrease) in deferred and other tax liabilities, net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationTechniquePrecedentMarketTransactionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Precedent Market Transactions [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationTechniquePrecedentMarketTransactionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Technique Precedent Market Transactions [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ValuationTechniquePrecedentMarketTransactionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Valuation technique precedent market transactions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScheduleOfCondensedCashFlowStatementTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Condensed Statements of Cash Flow</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ScheduleOfCondensedCashFlowStatementTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Cash Flow Statement [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_June1ToJune30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">June 1 to June 30 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_June1ToJune30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">June 1 to June 30 Member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_June1ToJune30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">June 1 to June 30 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputFinancialConditionAndOperationalPerformanceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Measurement Input Financial Condition and Operational Performance [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputFinancialConditionAndOperationalPerformanceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Measurement Input Financial Condition And Operational Performance [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_MeasurementInputFinancialConditionAndOperationalPerformanceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Measurement input financial condition and operational performance.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxAuthorityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Jurisdiction [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Securities Available For Sale [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtSecuritiesAvailableForSaleTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities, Available-for-Sale [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Interactive Data Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Interactive Data Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ContractualMaturitiesTimeDeposits100000OrMoreSixMonthsThrough12Months_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Over six months through one year</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ContractualMaturitiesTimeDeposits100000OrMoreSixMonthsThrough12Months_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Contractual Maturities, Time Deposits, $100,000 or More, 6 Months through 12 Months</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueDisclosureItemAmountsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Value Measurement</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueDisclosureItemAmountsDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CASH FLOWS FROM OPERATING ACTIVITIES</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repayments of Lines of Credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RepaymentsOfLinesOfCredit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayments of Lines of Credit</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing Receivable, Excluding Accrued Interest, Year Six, Originated, Five Years before Current Fiscal Year, Writeoff</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2020</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYearWriteoff_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount, excluding accrued interest, of writeoff of financing receivable originated five years before current fiscal year. Excludes net investment in lease.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaidInKindInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest paid in kind</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaidInKindInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Paid-in-Kind Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromRelatedPartyDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Proceeds from funds borrowed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromRelatedPartyDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from time deposits and funds borrowed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromRelatedPartyDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Related Party Debt</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DispositionAndExitOfEquityInvestmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disposition and Exit of Equity Investments [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DispositionAndExitOfEquityInvestmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Disposition and Exit of Equity Investments [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_DispositionAndExitOfEquityInvestmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disposition and exit of equity investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cumulative Effect, Period of Adoption, Adjusted Balance [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">December 31, 2022 Pre-Topic 326 Adoption</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cumulative Effect, Period of Adoption, Adjusted Balance [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LongTermDebtUnderCapitalInfusion_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long term debt under capital infusion</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LongTermDebtUnderCapitalInfusion_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Debt Under Capital Infusion</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_LongTermDebtUnderCapitalInfusion_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Long term debt under capital infusion.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CatastrophicEventDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Catastrophic Event</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CatastrophicEventDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Catastrophic Event [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Capital_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Capital_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Banking Regulation, Total Capital, Actual</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net income attributable to parent company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UndistributedEarningsLossAvailableToCommonShareholdersBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Undistributed Earnings (Loss) Available to Common Shareholders, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetChangeInUnrealizedGainsLossesNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Change In Unrealized Gains Losses Net Of Tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetChangeInUnrealizedGainsLossesNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net change in unrealized gains (losses) on investments, net of tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetChangeInUnrealizedGainsLossesNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net change in unrealized gains losses net of tax.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetChangeInUnrealizedGainsLossesNetOfTax_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net change in unrealized gains on investments, net of tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_NetChangeInUnrealizedGainsLossesNetOfTax_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net change in unrealized gains (losses) on investments, net of tax</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CumulativeEffectPeriodOfAdoptionDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cumulative Effect, Period of Adoption [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">September Two Thousand And Twenty Three Notes [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">September two thousand and twenty three notes.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_SeptemberTwoThousandAndTwentyThreeNotesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">September 2023 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RegulatoryCapitalRequirementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Regulatory Capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RegulatoryCapitalRequirementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Regulatory Capital Requirements Policy Policy [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RegulatoryCapitalRequirementsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Regulatory capital requirements Policy.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Tax Identification Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stockholders&#8217; equity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term Debt, Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-Term Debt, Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedIncomeStatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Condensed Income Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CondensedIncomeStatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Condensed Income Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Debentures term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument, Term</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Organization of Medallion Financial Corp. and its Subsidiaries</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LocalPhoneNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Local Phone Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LocalPhoneNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RoofingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Roofs [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RoofingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Roofing [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_RoofingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Roofing.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average common shares outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number of Shares Outstanding, Diluted [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorOpinionTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Opinion [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorOpinionTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Auditor Opinion</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AffiliateInvestmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Affiliate Investment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AffiliateInvestmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Affiliate Investment [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_AffiliateInvestmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Affiliate investment.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in bank subsidiary</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures, Fair Value Disclosure</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommercialBanksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commercial Banks [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommercialBanksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Banks [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommercialBanksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Commercial banks.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_ConsumerLendingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consumer Lending [Member]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="mfin_CommercialMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Commercial.</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_AffiliatedEntityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Affiliated Entity [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_AffiliatedEntityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Affiliated Entity [Member]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Stock By Class [Table]</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
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  <xsd:element id="mfin_PublicCompanyComparablesMember" name="PublicCompanyComparablesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_DelinquencyStatus" name="DelinquencyStatus" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_PreferredStockStockIssuanceCosts" name="PreferredStockStockIssuanceCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_EmployeeBenefitPlansAbstract" name="EmployeeBenefitPlansAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_MedallionFinancingTrustIMember" name="MedallionFinancingTrustIMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_DecemberTwoThousandAndTwentyThreeNotesMember" name="DecemberTwoThousandAndTwentyThreeNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ValuationTechniquePrecedentMarketTransactionsMember" name="ValuationTechniquePrecedentMarketTransactionsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_BankHoldingCompaniesMember" name="BankHoldingCompaniesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_FreshstartVentureCapitalCorpMember" name="FreshstartVentureCapitalCorpMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_SevenPointTwoFivePercentageUnsecuredSeniorNotesDueFebruaryTwoThousandAndTwentySixMember" name="SevenPointTwoFivePercentageUnsecuredSeniorNotesDueFebruaryTwoThousandAndTwentySixMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantPricePerShareRangeLowerRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantPricePerShareRangeLowerRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_SeptemberTwoThousandAndTwentyNotesMember" name="SeptemberTwoThousandAndTwentyNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_SegmentReportingDisclosureLineItems" name="SegmentReportingDisclosureLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_AugustTwoThousandAndTwentyFiveNotesMember" name="AugustTwoThousandAndTwentyFiveNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_SeriesFFixedToFloatingRateNoncumulativePerpetualPreferredStockMember" name="SeriesFFixedToFloatingRateNoncumulativePerpetualPreferredStockMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_OtherNoninterestIncomeExpense" name="OtherNoninterestIncomeExpense" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodExercisePrice" name="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodExercisePrice" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_GoodwillImpairmentAssessmentRate" name="GoodwillImpairmentAssessmentRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_LeaseAndRentalExpense1" name="LeaseAndRentalExpense1" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_ScheduleOfGrossRealEstateAndLoanActivityLineItems" name="ScheduleOfGrossRealEstateAndLoanActivityLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_OtherStatesMember" name="OtherStatesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_LoanCollateralInProcessOfForeclosureMember" name="LoanCollateralInProcessOfForeclosureMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_January1ToJanuary31Member" name="January1ToJanuary31Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NonInterestBearingDepositsMember" name="NonInterestBearingDepositsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_November1ToNovember30Member" name="November1ToNovember30Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_DistributionsToNoncontrollingInterests" name="DistributionsToNoncontrollingInterests" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_SeriesESeniorNoncumulativePerpetualPreferredStockMember" name="SeriesESeniorNoncumulativePerpetualPreferredStockMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_MedallionCapitalIncMember" name="MedallionCapitalIncMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ReturnOnAverageAssetsPercentage" name="ReturnOnAverageAssetsPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_EquityMethodOfferingPriceMember" name="EquityMethodOfferingPriceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ImpactOfEquityInvestment" name="ImpactOfEquityInvestment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_MarchTwoThousandAndFourteenNotesMember" name="MarchTwoThousandAndFourteenNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_EmploymentAgreementsFutureMinimumPaymentsDueCurrent" name="EmploymentAgreementsFutureMinimumPaymentsDueCurrent" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_IncreaseDecreaseInDeferredFinancingCosts" name="IncreaseDecreaseInDeferredFinancingCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_FairValueLiabilitiesMeasuredOnNonRecurringBasisObligations" name="FairValueLiabilitiesMeasuredOnNonRecurringBasisObligations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_MarchTwoThousandAndSixteenNotesOneMember" name="MarchTwoThousandAndSixteenNotesOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_DZLoanMember" name="DZLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_OperatingLeasesOfLessee1DisclosureTextBlock" name="OperatingLeasesOfLessee1DisclosureTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_DecemberThirtyOneTwoThousandTwentySixToDecemberThirtyOneTwoThousandThirtyFiveMember" name="DecemberThirtyOneTwoThousandTwentySixToDecemberThirtyOneTwoThousandThirtyFiveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NetOperatingLossCarryforwardsExpirationPeriodDescription" name="NetOperatingLossCarryforwardsExpirationPeriodDescription" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_NumberOfSecurities" name="NumberOfSecurities" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_EquityGrants" name="EquityGrants" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_WaiverOfLoanFromLender" name="WaiverOfLoanFromLender" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_IncomeTaxRateReconciliationLineItems" name="IncomeTaxRateReconciliationLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_IntercompanyReceivable" name="IntercompanyReceivable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_August1ToAugust31Member" name="August1ToAugust31Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_BrokerageMember" name="BrokerageMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_GoodwillImpairmentLongTermGrowthRate" name="GoodwillImpairmentLongTermGrowthRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_BankHoldingCompaniesAccountingMember" name="BankHoldingCompaniesAccountingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_CapitalizedLoanOriginationCostsAndFees" name="CapitalizedLoanOriginationCostsAndFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_NovemberTwoThousandAndTwentyThreeNotesMember" name="NovemberTwoThousandAndTwentyThreeNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_TierOneCapitalConversationBuffer" name="TierOneCapitalConversationBuffer" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_TwoThousandFifteenDirectorPlanMember" name="TwoThousandFifteenDirectorPlanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYearWriteoff" name="FinancingReceivableExcludingAccruedInterestYearSixOriginatedFiveYearsBeforeCurrentFiscalYearWriteoff" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_February1ToFebruary29Member" name="February1ToFebruary29Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_LineOfCreditFacilityCommitmentsFullyUtilized" name="LineOfCreditFacilityCommitmentsFullyUtilized" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_PledgedSecuritiesAdvanceRateOfBookValue" name="PledgedSecuritiesAdvanceRateOfBookValue" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNonControllingInterests" name="ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNonControllingInterests" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_NetInterestMarginNetOfAllowancePercentage" name="NetInterestMarginNetOfAllowancePercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_BoatsMember" name="BoatsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_AgrregateLoansFromOtherFederalHomeLoanBanks" name="AgrregateLoansFromOtherFederalHomeLoanBanks" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_LoanForeclosureCollateralSaleToThirdParty" name="LoanForeclosureCollateralSaleToThirdParty" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_InterestYield" name="InterestYield" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_CollateralDeposits" name="CollateralDeposits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_StudentLoanPortfolioByProgramLineItems" name="StudentLoanPortfolioByProgramLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_SevenPointFiveZeroPercentageUnsecuredSeniorNotesDueDecemberTwoThousandAndTwentySevenMember" name="SevenPointFiveZeroPercentageUnsecuredSeniorNotesDueDecemberTwoThousandAndTwentySevenMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_PromissoryNotesPayable" name="PromissoryNotesPayable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_CommercialLendingMember" name="CommercialLendingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_WindowsMember" name="WindowsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_October1ToOctober30Member" name="October1ToOctober30Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NumberOfMedallions" name="NumberOfMedallions" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_Rule10B51ArrModifiedFlag" name="Rule10B51ArrModifiedFlag" type="xbrli:booleanItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_MortgageLoansInProcessOfForeclosureAmountRelatesToRecreationPortfolio" name="MortgageLoansInProcessOfForeclosureAmountRelatesToRecreationPortfolio" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_GoodwillImpairmentAssessmentRateBasedOnDiscount" name="GoodwillImpairmentAssessmentRateBasedOnDiscount" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_MedallionChicagoMember" name="MedallionChicagoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_WholesaleTradeMember" name="WholesaleTradeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ComprehensiveIncomeTaxEffectOnUnrealizedGainLossOnInvestments" name="ComprehensiveIncomeTaxEffectOnUnrealizedGainLossOnInvestments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_EquityInUndistributedEarningsLossesOfSubsidiaries" name="EquityInUndistributedEarningsLossesOfSubsidiaries" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_CommitmentsAndContingenciesAbstract" name="CommitmentsAndContingenciesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_InvestmentsInNonbankSubsidiaries" name="InvestmentsInNonbankSubsidiaries" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_PrivatelyPlacedNotesMember" name="PrivatelyPlacedNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodExercisePrice" name="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodExercisePrice" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_CapitalizedRecreationLoanOriginationCostsAndFees" name="CapitalizedRecreationLoanOriginationCostsAndFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_June1ToJune30Member" name="June1ToJune30Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ScheduleOfPrivatePlacementNotesTableTextBlock" name="ScheduleOfPrivatePlacementNotesTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_StockholdersEquityTable" name="StockholdersEquityTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NotesPayableToBanksWithMaturityOfSeptemberOneTwoThousandAndTwentyOneMember" name="NotesPayableToBanksWithMaturityOfSeptemberOneTwoThousandAndTwentyOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_StockholdersEquityLineItems" name="StockholdersEquityLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_SmallBusinessAdministrationDebenturesMember" name="SmallBusinessAdministrationDebenturesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_December1ToDecember31Member" name="December1ToDecember31Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ChargeoffsToLoansPercentage" name="ChargeoffsToLoansPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesRolledOutFromOldPlanToNewPlan" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesRolledOutFromOldPlanToNewPlan" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeUpperRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeUpperRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_FebruaryTwoThousandAndTwentyOneNotesMember" name="FebruaryTwoThousandAndTwentyOneNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ExtinguishmentOfDebtDiscountRate" name="ExtinguishmentOfDebtDiscountRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_WaiverExpiryDate" name="WaiverExpiryDate" type="xbrli:dateItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ChangesInEquityAndComprehensiveIncomeLineItemsLineItems" name="ChangesInEquityAndComprehensiveIncomeLineItemsLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteOff1" name="FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteOff1" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_IncreaseDecreaseInInterCompanyPayables" name="IncreaseDecreaseInInterCompanyPayables" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_ScheduleOfGrossRealEstateAndLoanActivityTable" name="ScheduleOfGrossRealEstateAndLoanActivityTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_RemainingAmountOfDebentureAfterDeductingLeverageFee" name="RemainingAmountOfDebentureAfterDeductingLeverageFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_VestingOnJuneTwelveTwoThousandAndTwentySixMember" name="VestingOnJuneTwelveTwoThousandAndTwentySixMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeUpperRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeUpperRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_DebentureMature2021Member" name="DebentureMature2021Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_AugustTwoThousandAndTwentyFourNotesMember" name="AugustTwoThousandAndTwentyFourNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_RaceOrganizationMember" name="RaceOrganizationMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NumberOfNonOperatingSegments" name="NumberOfNonOperatingSegments" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantPricePerShareRangeUpperRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantPricePerShareRangeUpperRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeUpperRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeUpperRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_AprilTwoThousandAndTwentyThreeNotesMember" name="AprilTwoThousandAndTwentyThreeNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_StockRepurchaseProgramMember" name="StockRepurchaseProgramMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_AmortizationOfLoanOriginationFeesNet" name="AmortizationOfLoanOriginationFeesNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_EmploymentAgreementsFutureMinimumPaymentsDue" name="EmploymentAgreementsFutureMinimumPaymentsDue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_PercentageOfReturnOnAverageEquity" name="PercentageOfReturnOnAverageEquity" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_TrustPreferredSecuritiesMember" name="TrustPreferredSecuritiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantPricePerShareRangeLowerRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantPricePerShareRangeLowerRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_InterestExpenseNet" name="InterestExpenseNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_ScheduleOfPerformanceStatusOfLoanTableTextBlock" name="ScheduleOfPerformanceStatusOfLoanTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_SeptemberTwoThousandAndFourteenNotesMember" name="SeptemberTwoThousandAndFourteenNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NotesPayableRemainingPrincipalOutstanding" name="NotesPayableRemainingPrincipalOutstanding" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_LoansAndLeasesReceivableHeldForSaleNetCarryingAmountCovered" name="LoansAndLeasesReceivableHeldForSaleNetCarryingAmountCovered" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_LineOfCreditFacilityDrawableAmount" name="LineOfCreditFacilityDrawableAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_OctoberTwoThousandAndTwentyTwoNotesMember" name="OctoberTwoThousandAndTwentyTwoNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_MinimumDefermentPercentageOfBaseSalary" name="MinimumDefermentPercentageOfBaseSalary" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_IncreaseDecreaseInRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" name="IncreaseDecreaseInRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_September1ToSeptember30Member" name="September1ToSeptember30Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_DistributionToNoncontrollingInterest" name="DistributionToNoncontrollingInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_ValuationBookValueBasedMarketApproachMember" name="ValuationBookValueBasedMarketApproachMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NonMarketableSecurities" name="NonMarketableSecurities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_April1ToApril30Member" name="April1ToApril30Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_TaxiMedallionLendingMember" name="TaxiMedallionLendingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_DebtInstrumentAdditionalLeverageFee" name="DebtInstrumentAdditionalLeverageFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_ValuationTechniqueInvesteeFinancialAnalysisMember" name="ValuationTechniqueInvesteeFinancialAnalysisMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_RegulatoryCapitalRequirementsPolicyPolicyTextBlock" name="RegulatoryCapitalRequirementsPolicyPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_TaxiMedallionLoanTrustIIIMember" name="TaxiMedallionLoanTrustIIIMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_TravisBurtMember" name="TravisBurtMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_EmploymentAgreementsFutureMinimumPaymentsDueInThreeYears" name="EmploymentAgreementsFutureMinimumPaymentsDueInThreeYears" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_AverageBorrowingsOutstanding" name="AverageBorrowingsOutstanding" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_DebtInstrumentMaturityYear" name="DebtInstrumentMaturityYear" type="xbrli:gYearItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_TierOneLeverageCapitalRequiredForCapitalAdequacyToTotalAssets" name="TierOneLeverageCapitalRequiredForCapitalAdequacyToTotalAssets" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_StrategicPartnershipFees" name="StrategicPartnershipFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_DocumentAndEntityInformationTable" name="DocumentAndEntityInformationTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareUpperRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareUpperRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ConsumerLendingMember" name="ConsumerLendingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_IntercompanyPayables" name="IntercompanyPayables" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_DocumentAndEntityInformationLineItems" name="DocumentAndEntityInformationLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_LoansHeldForSalePolicyTextBlock" name="LoansHeldForSalePolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ListingServicesDepositsFromOtherFinancialInstitutions" name="ListingServicesDepositsFromOtherFinancialInstitutions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_NonRule10B51ArrModifiedFlag" name="NonRule10B51ArrModifiedFlag" type="xbrli:booleanItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeLowerRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresInPeriodGrantPricePerShareRangeLowerRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_LoansHeldForInvestmentMember" name="LoansHeldForInvestmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_RecreationalVehiclesMember" name="RecreationalVehiclesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_MarchTwoThousandAndSixteenNotesMember" name="MarchTwoThousandAndSixteenNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NetInterestMargin" name="NetInterestMargin" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_HomeImprovementMember" name="HomeImprovementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_MarchTwoThousandAndFifteenNotesMember" name="MarchTwoThousandAndFifteenNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ScheduleOfCurrentPeriodGrossChargeOffsTableTextBlock" name="ScheduleOfCurrentPeriodGrossChargeOffsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_FourZeroOneKPlanMember" name="FourZeroOneKPlanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_AdvanceRate" name="AdvanceRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_DeferredTaxAssetsOtherInvestmentsAndInvestmentSecurities" name="DeferredTaxAssetsOtherInvestmentsAndInvestmentSecurities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_AffiliateInvestmentMember" name="AffiliateInvestmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_PropertyEquipmentAndRightOfUseAssetNet" name="PropertyEquipmentAndRightOfUseAssetNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_ShortTermLeaseLiabilities" name="ShortTermLeaseLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_MarchTwoThousandAndNinteenNotesMember" name="MarchTwoThousandAndNinteenNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_OriginationFeesAndCostsNet" name="OriginationFeesAndCostsNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_PercentageOfGrossLoanAndLeasesReceivable" name="PercentageOfGrossLoanAndLeasesReceivable" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_DefinedContributionPlanEmployerMatchingContributionDescription" name="DefinedContributionPlanEmployerMatchingContributionDescription" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_IncomeTaxReconciliationStateAndLocalIncomeTaxesMinimumPercentage" name="IncomeTaxReconciliationStateAndLocalIncomeTaxesMinimumPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_NumberOfIndividualWithTimeDepositsGreaterThan100000" name="NumberOfIndividualWithTimeDepositsGreaterThan100000" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_DividendDescriptionOfVariableRateBasis" name="DividendDescriptionOfVariableRateBasis" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_RedemptionCharges" name="RedemptionCharges" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_May1ToMay31Member" name="May1ToMay31Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_StrategicPartnerCollateralDepositsMember" name="StrategicPartnerCollateralDepositsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_CapitalizedHomeImprovementLoanOriginationCostsAndFees" name="CapitalizedHomeImprovementLoanOriginationCostsAndFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeLowerRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedGrantPricePerShareRangeLowerRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets" name="CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_CollectionCosts" name="CollectionCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_SmallBusinessAdministrationDebenturesAndBorrowingsMember" name="SmallBusinessAdministrationDebenturesAndBorrowingsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_FairValueOfAssetsAndLiabilitiesMeasuredOnNonRecurringBasisLineItems" name="FairValueOfAssetsAndLiabilitiesMeasuredOnNonRecurringBasisLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_MedallionBankMember" name="MedallionBankMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_RegulatoryFees" name="RegulatoryFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_MeasurementInputHistoricalAndActualLossExperienceMember" name="MeasurementInputHistoricalAndActualLossExperienceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_JuneTwoThousandAndTwentyFourNotesMember" name="JuneTwoThousandAndTwentyFourNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_DzBankMember" name="DzBankMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NonEmployeeDirectorOneMember" name="NonEmployeeDirectorOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeLowerRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingExercisePriceRangeLowerRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_InvestmentsInLoansLineItems" name="InvestmentsInLoansLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_OtherProductLinesMember" name="OtherProductLinesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoans" name="AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoans" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodExercisePrice" name="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodExercisePrice" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_BalanceSheetComponentsTable" name="BalanceSheetComponentsTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_MarchTwoThousandAndNineteenNotesMember" name="MarchTwoThousandAndNineteenNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NewYorkTaxiMedallionMember" name="NewYorkTaxiMedallionMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_AggregateBookValueExceedingCompanysEquityPercentage" name="AggregateBookValueExceedingCompanysEquityPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_LoanInProcessOfForeclosureLoansTransfer" name="LoanInProcessOfForeclosureLoansTransfer" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeUpperRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeUpperRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_DispositionAndExitOfEquityInvestmentsMember" name="DispositionAndExitOfEquityInvestmentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_InterestBearingLoanTerm" name="InterestBearingLoanTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_July1ToJuly31Member" name="July1ToJuly31Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_TierOneRiskBasedCapitalRequiredForCapitalAdequacyWithBufferToRiskWeightedAssets" name="TierOneRiskBasedCapitalRequiredForCapitalAdequacyWithBufferToRiskWeightedAssets" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_WeightedAverageCostOfBorrowings" name="WeightedAverageCostOfBorrowings" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_Leases1TextBlock" name="Leases1TextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ManufacturingMember" name="ManufacturingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ThirdPartyInvestorsMember" name="ThirdPartyInvestorsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ScheduleOfAllowanceForLoanLossesByTypeOfLoanTableTextBlock" name="ScheduleOfAllowanceForLoanLossesByTypeOfLoanTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_InterestReceivableFairValue" name="InterestReceivableFairValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_CapitalPurchaseProgramMember" name="CapitalPurchaseProgramMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_PreferredStockDividendPayableAtFloatingRatePlusSpread" name="PreferredStockDividendPayableAtFloatingRatePlusSpread" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_LiborMember" name="LiborMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_AmendedDirectorPlanMember" name="AmendedDirectorPlanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_CommercialBanksMember" name="CommercialBanksMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantPricePerShareRangeUpperRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodGrantPricePerShareRangeUpperRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_LoansAndLeasesReceivableNonPerformingPercentage" name="LoansAndLeasesReceivableNonPerformingPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_LoansHeldForSaleAtLowerOfAmortizedCostOrFairValueMember" name="LoansHeldForSaleAtLowerOfAmortizedCostOrFairValueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ControlledSubsidiaryInvestmentMember" name="ControlledSubsidiaryInvestmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_RoofingMember" name="RoofingMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_FinancialConditionAndOperatingPerformanceOfTheInvesteeMember" name="FinancialConditionAndOperatingPerformanceOfTheInvesteeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_FinancingReceivableOriginatedFiveYearsBeforeLatestFiscalYear" name="FinancingReceivableOriginatedFiveYearsBeforeLatestFiscalYear" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_NetChangeInUnrealizedGainsLossesNetOfTax" name="NetChangeInUnrealizedGainsLossesNetOfTax" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_PercentageOfReturnOnAverageStockholdersEquity" name="PercentageOfReturnOnAverageStockholdersEquity" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeUpperRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeUpperRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_March1ToMarch31Member" name="March1ToMarch31Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumber" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumber" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeLowerRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsExercisePricePerShareRangeLowerRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_NetIncreaseDecreaseInNetAssetsResultingFromOperations" name="NetIncreaseDecreaseInNetAssetsResultingFromOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_RetailAndPrivatelyPlacedNotesMember" name="RetailAndPrivatelyPlacedNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_SeptemberTwoThousandAndTwentyThreeNotesMember" name="SeptemberTwoThousandAndTwentyThreeNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ReserveCoverageRatio" name="ReserveCoverageRatio" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_InterestAndDividendsOnInvestmentSecurities" name="InterestAndDividendsOnInvestmentSecurities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_ManagerMember" name="ManagerMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_DebtInstrumentExtendedMaturityDate" name="DebtInstrumentExtendedMaturityDate" type="xbrli:dateItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_StrategicPartnershipMember" name="StrategicPartnershipMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_BrokerageFeesPercentage" name="BrokerageFeesPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_PercentageOfAllowanceForLoanLosses" name="PercentageOfAllowanceForLoanLosses" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_Penalties" name="Penalties" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_OtherBorrowingsMember" name="OtherBorrowingsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_CivilPenalty" name="CivilPenalty" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_MarchTwoThousandAndTwentyFiveNotesMember" name="MarchTwoThousandAndTwentyFiveNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_DebtLongTermAndShortTermFundsBorrowedAmount" name="DebtLongTermAndShortTermFundsBorrowedAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_PrincipalReceiptsSalesAndMaturitiesOfLoans" name="PrincipalReceiptsSalesAndMaturitiesOfLoans" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_IncrementalCommonSharesAttributableToDilutiveEffectOfPerformanceShareUnits" name="IncrementalCommonSharesAttributableToDilutiveEffectOfPerformanceShareUnits" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_LoansReceivableBalancePercentage" name="LoansReceivableBalancePercentage" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_VestingOnJuneTwentyTwoTwoThousandAndTwentyFourMember" name="VestingOnJuneTwentyTwoTwoThousandAndTwentyFourMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ProfessionalFeeCostBenefit" name="ProfessionalFeeCostBenefit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_FinancialConditionAndOperatingPerformanceEnterpriseValueMember" name="FinancialConditionAndOperatingPerformanceEnterpriseValueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_CommercialLendingSegmentMember" name="CommercialLendingSegmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_CommercialMember" name="CommercialMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_InterestIncomeExpenseOperating" name="InterestIncomeExpenseOperating" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_RichardPettyMember" name="RichardPettyMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ProceedsFromSaleAndPrincipalPaymentsOfLoanCollateralInProcessOfForeclosure" name="ProceedsFromSaleAndPrincipalPaymentsOfLoanCollateralInProcessOfForeclosure" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_ScheduleOfFutureMinimumPaymentsUnderEmploymentAgreementsTableTextBlock" name="ScheduleOfFutureMinimumPaymentsUnderEmploymentAgreementsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ScheduleOfIntangibleAssetsTableTextBlock" name="ScheduleOfIntangibleAssetsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_ScheduleOfSBADebenturesAndBorrowingsTableTextBlock" name="ScheduleOfSBADebenturesAndBorrowingsTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_NonInterestExpenseIncome" name="NonInterestExpenseIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeLowerRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableExercisePriceRangeLowerRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_SwimmingPoolsMember" name="SwimmingPoolsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NetChangeInLoanCollateralInProcessOfForeclosure" name="NetChangeInLoanCollateralInProcessOfForeclosure" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_DecemberTwoThousandAndTwentyNotesMember" name="DecemberTwoThousandAndTwentyNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_CARESActMember" name="CARESActMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_GainOnSaleOfRecreationLoansHeldForSale" name="GainOnSaleOfRecreationLoansHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_AdditionalLoansFromOtherFederalHomeLoanBanks" name="AdditionalLoansFromOtherFederalHomeLoanBanks" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_TaxiMedallionMember" name="TaxiMedallionMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_IncomeTaxExpenseBenefitOnNetInvestment" name="IncomeTaxExpenseBenefitOnNetInvestment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_RPACRacingLLCMember" name="RPACRacingLLCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets" name="CommonEquityTierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_TransferOfLoansFromToHeldForSale" name="TransferOfLoansFromToHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_AverageAssets" name="AverageAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareLowerRangeLimit" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedExercisePricePerShareLowerRangeLimit" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_MeasurementInputMedianTransferPriceMember" name="MeasurementInputMedianTransferPriceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_TwoThousandEighteenEquityIncentivePlanMember" name="TwoThousandEighteenEquityIncentivePlanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_DeferredLoanOriginationCosts" name="DeferredLoanOriginationCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_FederalReserveAndOtherBorrowingsMember" name="FederalReserveAndOtherBorrowingsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoansNonaccrual" name="AllowanceForLoanAndLeaseLossesLoansAcquiredPercentageOfLoansNonaccrual" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="mfin_MeasurementInputFinancialConditionAndOperationalPerformanceMember" name="MeasurementInputFinancialConditionAndOperationalPerformanceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_StockIssuedDuringPeriodSharesRestrictedStockAwardVested" name="StockIssuedDuringPeriodSharesRestrictedStockAwardVested" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_VestingOnJuneElevenTwoThousandAndTwentyFiveMember" name="VestingOnJuneElevenTwoThousandAndTwentyFiveMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_LongTermDebtUnderCapitalInfusion" name="LongTermDebtUnderCapitalInfusion" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_SeptemberTwoThousandAndEighteenNotesMember" name="SeptemberTwoThousandAndEighteenNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_TotalNumberOfSharesPurchasedAsPartOfPubliclyAnnouncedPlansOrProgramsMember" name="TotalNumberOfSharesPurchasedAsPartOfPubliclyAnnouncedPlansOrProgramsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_OctoberTwoThousandAndTwentyOneNotesMember" name="OctoberTwoThousandAndTwentyOneNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_EmploymentAgreementDescription" name="EmploymentAgreementDescription" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_EmploymentAgreementsFutureMinimumPaymentsDueInTwoYears" name="EmploymentAgreementsFutureMinimumPaymentsDueInTwoYears" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_MayTwoThousandAndSixteenNotesMember" name="MayTwoThousandAndSixteenNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_FairValueAdjustmentsRelatedToLoansHeldForSale" name="FairValueAdjustmentsRelatedToLoansHeldForSale" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_NinetyDayLondonInterbankOfferedRateLiborMember" name="NinetyDayLondonInterbankOfferedRateLiborMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_CarsMember" name="CarsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_FederalReserveDiscountWindowAndOtherBorrowingsMember" name="FederalReserveDiscountWindowAndOtherBorrowingsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_NinePointZeroZeroZeroPercentageSeniorNotesDueTwentyTwentyOneMember" name="NinePointZeroZeroZeroPercentageSeniorNotesDueTwentyTwentyOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_PreferredSecuritiesMember" name="PreferredSecuritiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_PercentageOfNetLoanAndLeasesReceivable" name="PercentageOfNetLoanAndLeasesReceivable" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_LineOfCreditFacilityDrawnAmount" name="LineOfCreditFacilityDrawnAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_RecreationMember" name="RecreationMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_GainLossOnSaleOfLicenseOrPermit" name="GainLossOnSaleOfLicenseOrPermit" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_NotesPayableToBanksDueAprilTwoThousandAndTwentyOneMember" name="NotesPayableToBanksDueAprilTwoThousandAndTwentyOneMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_TwoThousandEighteenUnvestedRestrictedStockPlanMember" name="TwoThousandEighteenUnvestedRestrictedStockPlanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_CashBonus" name="CashBonus" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_NonCashInvestingLoansTransferredToLoanCollateralInProcessOfForeclosure" name="NonCashInvestingLoansTransferredToLoanCollateralInProcessOfForeclosure" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_DebtInstrumentLeverageFee" name="DebtInstrumentLeverageFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_IncomeTaxRateReconciliationTable" name="IncomeTaxRateReconciliationTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_MeasurementInputTransferPricesMember" name="MeasurementInputTransferPricesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_UnvestedPerformanceSharesMember" name="UnvestedPerformanceSharesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_JuneTwoThousandAndTwentyOneNotesMember" name="JuneTwoThousandAndTwentyOneNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ValuationEarningsBasedMarketApproachMember" name="ValuationEarningsBasedMarketApproachMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_LoansAndAllowanceForLoanLossesTextBlock" name="LoansAndAllowanceForLoanLossesTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_MeasurementInputCollateralValueMember" name="MeasurementInputCollateralValueMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ScheduleOfGrossRealEstateAndLoanActivityTableTextBlock" name="ScheduleOfGrossRealEstateAndLoanActivityTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_InvesteeBookValueAdjustedForMarketAppreciationMember" name="InvesteeBookValueAdjustedForMarketAppreciationMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_PledgedSecuritiesAdvanceRateOfFairValue" name="PledgedSecuritiesAdvanceRateOfFairValue" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="mfin_TrustPreferredSecuritiesOutstanding" name="TrustPreferredSecuritiesOutstanding" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="mfin_LoanServicingFee" name="LoanServicingFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="mfin_SeriesGFixedToFloatingRateNoncumulativePerpetualPreferredStockMember" name="SeriesGFixedToFloatingRateNoncumulativePerpetualPreferredStockMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_ContractorRelationshipsMember" name="ContractorRelationshipsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="mfin_SeptemberTwoThousandAndFifteenNotesMember" name="SeptemberTwoThousandAndFifteenNotesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
</xsd:schema>
