Motorcycle Loans | Lutheran Federal Credit Union
Serving the Lutheran Church-Missouri Synod Community
LutheranFCU. Good for You. Good for the Church.

Motorcycle Loans

Make the hardest part of finding your joy ride easy with LutheranFCU. LFCU offers loans up to 100% of the NADA retail value with approved credit for the purchase or refinance of motorcycles up to 6 years old. With fast response times, you can get your pre-approval and start shopping for your sweet ride!

It’s time to ride!

    • Loans from $5,000 to $30,000 available
    • Fixed interest rates starting at 4.99% with a corresponding APR of 5.02%*
    • Financing up to a 60 month term
    • Up to 100% financing
    • Refinances available too!

What will I need?

Purchase Documents

Is this a Dealer Sale? Please provide:

  • Dealer contact information so LFCU can obtain a copy of your Purchase Order.
  • Proof of full coverage insurance and agent’s contact information
  • Proof of Income (See below)

Is this a Private Sale? The following is a list of the minimum documentation required:

  • Bill of Sale/Written agreement showing the final sales price and vehicle details including the Year, Make, Model, VIN, and Mileage
  • Photo of the front and back of the Seller’s title and/or registration documents and photo of the vehicle (Photo can be taken with your smartphone and then emailed!)
  • Contact information and 15-day payoff letter from any creditor with a valid lien on the seller’s vehicle or lien release if already paid in full.
  • Proof of full coverage insurance and agent’s contact information
  • Proof of Income (See below)

Refinance Documents

  • Statement and/or payoff from your current lender
  • Verification of vehicle information (Copy of title or registration card)
  • Proof of full coverage insurance and agent’s contact information
  • Proof of Income (See below)
  • Photo of the motorcycle

Proof of Income

  • Two most recent pay statements showing year-to-date pay and all deductions
  • Self-employed applicants, please submit the two most recent year tax returns including all schedules.
  • Social security income and other retirement income, please submit two recent months of direct deposit records or most recent annual income benefit “award” letter with your most recent retirement 1099 tax form.

How Will I Receive My Monthly Billing Statements?

LutheranFCU sends monthly email reminders and you may access your statement anytime through your Online Banking Account.

How Can I Make My Loan Payments?

The easiest way to set up loan payments is to log into your personal Lutheran Federal Credit Union Home Banking account, and use the “Transfer/Payments” tab to set up a single payment or even recurring loan payments. Other options include making payments through an online bill pay service or you can authorize Lutheran FCU to automatically set up your monthly payments by ACH. To set up your payment by ACH, please complete the Automated Electronic Loan Payment.

*APR is the Annual Percentage Rate. Rate referenced above is the lowest rate possible for qualified borrowers and is based on underwriting criteria and term of loan. There is a one-time $25 processing fee charged on all new and used motorcycle loans. Loan example: $30,000 at 4.99% for 60 monthly payments of approximately $566.00 with corresponding APR of 5.02%. All loans are subject to approval. Additional terms and conditions may apply.