Vehicle Loans
Auto Loans
If you have just started shopping for a vehicle, you can apply online and get preapproved to determine the amount you may borrow. If you already have a vehicle and would like to refinance it for a lower payment or get cash out, we would love to assist with that as well!
New and Used Auto Loans
- LutheranFCU works with auto dealers in all 50 states for purchases. No private party purchase transactions at this time
- Loans from $5,000.00 up to $90,000.00 are available
- Refinances also available
- Fixed monthly payments and no penalty for early payoff
- Competitive fixed-interest rates starting at 4.625% (4.692% APR)*
- Finance up to 125% of the J.D. Powers retail value subject to credit review
- Our online application takes less than 10 minutes to complete with quick decision response times
- Loans available for a vehicle up to ten (10) years old
Is the auto you would like to purchase over 10 years old? Check out our Whatever Loan program to finance that purchase.
What Will I Need?
Purchase Documents
- Dealer contact information so Lutheran Federal Credit Union can obtain a copy of your Purchase Order
- 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)
Proof Of Income
- Full Time or Part Time Employment:
- Copy of your most recent pay statement showing year-to-date pay and all deductions
- Self-Employment or Rental Income:
- Last two (2) years tax returns including all schedules
- Retirement Income:
- Most recent two (2) consecutive months bank statements (all pages) showing the direct deposit records
How Will I Receive My Monthly Billing Statements?
Each month, an e-mail notice will be sent to the primary borrower’s e-mail address reminding you that your monthly E-statement is ready for viewing and/or printing. To access your monthly E-statements, just login to your Online Home Banking Account, choose “Online Services”, and then “E-statements”.How Can I Make My Loan Payments?
There are many options for setting up your monthly payments.1. You may set up a one-time or recurring payment by choosing the applicable option under the “Transfers” tab within your Online Home Banking Account if LutheranFCU is your primary financial institution.
2. You can set up a bill pay through your other financial institution to go towards your loan.
3. You can authorize LutheranFCU to automatically set up your monthly payments by ACH. To do this, please complete the Automated Loan Payment Authorization Request form.
Automated Loan Payment Request Form
Motorcycle Loans
LutheranFCU 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 $5,000.00 to $30,000.00 are available
- Fixed-interest rates starting at 6.00% with a corresponding APR of 6.052%**
- Financing up to a 60-month term
- Up to 100% financing
- Refinances available too!
What Will I Need?
Purchase Documents
- Dealer contact information so Lutheran Federal Credit Union can obtain a copy of your Purchase Order
- 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)
Proof Of Income
- Full Time or Part Time Employment:
- Copy of your most recent pay statement showing year-to-date pay and all deductions
- Self-Employment or Rental Income:
- Last two (2) years tax returns including all schedules
- Retirement Income:
- Most recent two (2) consecutive months bank statements (all pages) showing the direct deposit records
How Will I Receive My Monthly Billing Statements?
Each month, an email notice will be sent to the primary borrower’s email address reminding you that your monthly E-statement is ready for viewing and/or printing. To access your monthly E-statements, just login to your Online Home Banking Account, choose “Online Services”, and then “E-statements”.How Can I Make My Loan Payments?
There are many options for setting up your monthly payments.1. You may set up a one-time or recurring payment by choosing the applicable option under the “Transfers” tab within your Online Home Banking Account if LutheranFCU is your primary financial institution.
2. You can set up a bill pay through your other financial institution to go towards your loan.
3. You can authorize LutheranFCU to automatically set up your monthly payments by ACH. To do this, please complete the Automated Loan Payment Authorization Request form.
Automated Loan Payment Request Form
LutheranFCU Car Buying Service
Our Car Buying Service powered by TrueCar® provides a streamlined and hassle-free way to find, buy, and save on a new or used vehicle.
Details
- Access to a nationwide network of participating dealerships offering established pricing
- Saves you time and money at the dealership
- Gives members the ability to research and see what other people in your area paid for a similar car
- Apply with LutheranFCU to get your preapproval letter
Auto Loan:
*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 $50 processing fee charged on all automobile purchase loans. Loan example: $50,000 at 4.625% for 36 monthly payments of approximately $1,490.14 with corresponding APR of 4.692%. Additional terms and conditions may apply. Rates are subject to change at any time.
Motorcycle Loan:
**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 $50 processing fee charged on all motorcycle loans. Loan example: $40,000 at 6.00% for 60 monthly payments of approximately $773.31 with corresponding APR of 6.052%. Additional terms and conditions may apply. Rates are subject to change at any time.