Credit Builder Car Loan
If you have poor or limited credit experience, you know getting a loan to buy a car can be a difficult and expensive ordeal. Here at DCU, we believe that you are more than just a credit score. That's why we developed the Credit Builder Car Loan.
The Credit Builder Car Loan gives you the opportunity to obtain reliable transportation while building or reparing your credit. Plus, as you repay your loan as promised your payments will actually go down! Check out the table below for an example of how your payments could decrease over time.
This loan is available to you regardless of your credit score*, as long as you meet certain criteria:
-
You must be a DCU member in good standing for six months or deposit one month's payment up front that will be released as your loan is paid
-
You must have one year of continuous employment
-
Maximum loan amount of $12,000*
-
The loan amount may not exceed the vehicle's value
- You must agree to automatic transfer payments from a DCU account
-
Other credit qualification restrictions apply*
To apply for a Credit Builder Car Loan, click the Apply button below for our vehicle loan application.
Let us help you locate a quality vehicle that meets the loan program criteria. Our partners at
Auto Advisors will look for and find your car, negotiate a great price and even coordinate closing and delivery. Best of all, this service is free to you just for being a member of DCU!
Fill out this short form to request Auto Advisors' service.
Example: $12,000 loan with 66 month term
|
MONTHS |
RATE |
PAYMENT |
|
1 to 6 |
17.95% |
$287.61 |
|
7 to 12 |
16.95% |
$281.64 |
|
13 to 18 |
15.95% |
$276.24 |
|
19 to 30 |
14.95% |
$271.41 |
|
31 to 42 |
13.95% |
$267.65 |
|
43 to 54 |
12.95% |
$265.06 |
|
55 to 66 |
11.95% |
$263.67 |
*Your credit score is not a qualification factor for this loan program, but you must meet certain other criteria related to credit history and credit worthiness. Maximum loan amount offered may depend on verified income and debt to income ratios. Rates, terms and conditions subject to change.
