You could qualify for an auto loan as low as 1.5%** APR*.  This offer is good for the first $500,000 in loans closed on November 17, 2017. After the first $500,000.00 is funded, rates as low as 1.99%***APR will be available.

• Loans must be new purchases or new to HEFCU (refinanced from another financial institution)
• Loans must be at least $10,000 to qualify
• Must be a 2007 model or newer with less than 100,000 miles
• 72-month term is available for 2016 year models and newer with fewer than 12,000 miles: minimum financed amount required and mileage restriction applies.
• The 1.5% APR includes a .25% APR discount for automatic payment, ACH transfer or payroll deduction. Advertised rate also includes additional .10% APR discount for automatic payment from HEFCU checking account.
• Once $500,000 is closed, all other approved loans will receive a rate not lower than 1.99% APR. This rate includes a .25% APR discount for automatic payment, ACH transfer or payroll deduction. Advertised rate also includes additional .10% APR discount for automatic payment from HEFCU checking account.
• Automobile Loans Only

Loan sale will last from 9:00 am – 5:00 pm on November 17, 2017.

How do I qualify?

You can apply online or come into one of our locations beginning November 10, 2017 to apply for pre-approval for a loan amount. Pre-approval does not guarantee rate, approval is not guaranteed.  Once you know what vehicle you want, bring back the purchase agreement and all other required documents (see below) and we can finish your loan. Your purchase agreement must be returned no later than 5:00 pm on Friday, November 17 to qualify for this promotion. To receive sale rates, you must come to one of our locations on November 17. All members who will be visiting a Duncan Branch must come to the MAIN LOCATION at 703 S. 9th Street.  All members will be served on a first come, first served basis.

• Qualification is based on credit worthiness and amount of loan. To qualify for the 1.5% APR a minimum credit score of 690 or above is required.
• If you do not qualify, HEFCU reserves the right to refuse your loan request.
• To participate in this promotion, you must be a member of HEFCU. To join you must meet membership eligibility requirements.

Required Documents to Close Loan

Please bring the following documents into the branch on November 17.

• Purchase Agreement
• Proof of Income
• Title and Payoff  if refinancing

Callers and Online Applicants

If you do not live in a location where you can make it into a HEFCU branch, online and alternate forms of applications will be available, however online and alternate applications are only eligible to qualify for a rate no lower than 1.99% APR . When you call in to complete your loan on November 17, if you are not immediately answered please leave a message and phone number, and we will return your call as quickly as possible.

You may fill out our application online for preapproval beginning November 10; however, all loans must close on November 17.

Please direct all calls to 800-368-2618 to complete your loan. ALL LOANS MUST BE CLOSED BY 5 pm. Ask about the procedures to return documents to the loan staff before November 17.

For additional questions please contact a loan officer.

*APR = Annual Percentage Rate, rate is based upon creditworthiness, approval is not guaranteed. Not all applicants will qualify for this rate.  The 1.5% rate is only available to the first $500,000 in auto loans on a first come first served basis as long as the above criteria is met. Once $500,000 is closed, all other approved loans, meeting the creditworthiness criteria, will receive a rate not lower than 1.99% annual percentage rate. Actual APR may increase due to applicable documentation fee. Offer begins at 9 am and ends at 5 pm on Friday, November 17, 2017.
**A loan of $20,000 for 72 months will yield a monthly payment of $291.37 and an APR if 1.58%, which includes a $50 documentation fee.
***A loan of $20,000 for 72 months will yield a monthly payment of $295.66 and an APR of 2.07%, which includes a $50 documentation fee.