Car loan

To apply for a car loan, you’ll typically need proof of income (like pay stubs or tax returns), government-issued photo ID, and details about the vehicle you’re purchasing. Additional documents, such as proof of insurance or a bill of sale, may be required depending on your situation.

Our car loan approval usually takes a few business days, but it can be faster if all required documents are provided. The process may take longer if additional information or verification is needed.

The minimum down payment for a car loan depends on factors like the loan amount, your credit history, and the type of vehicle. In some cases, a down payment may not be required, while in others, a percentage of the car’s price might be needed. It’s best to check with BCU representatives for specific details.

BCU Financial may charge certain fees for car loans, such as NSF loan payment, late payment charges and loan amendment, depending on the loan terms. It’s a good idea to review your loan agreement and speak with one of our representatives to understand any potential fees associated with your specific car loan.

Yes, you can pay off up to 20% of your original car loan amount in a 12-month period early without any penalties. However, it’s always a good idea to check your loan agreement for any specific conditions or fees related to early repayment.

To calculate your monthly car loan payments, you’ll need to know the loan amount, interest rate, and the term of the loan. You can use an online loan calculator or work with your FSO to get an accurate estimate based on these details.