It can be a struggle to find a loan for a vehicle when you have limited or poor credit. Unfortunately, this can lead to financing a vehicle with a very high interest rate. That is why we are now offering a credit builder program for auto loans!
Credit Builder Auto Loan Program Specifics
- Rates determined based on credit rating/history and vehicle information
- Maximum auto loan amount $45,000
- Only vehicles 9 years old or newer qualify for the program
- Proof of full coverage insurance on auto required
- Must be an R.I.A. Federal Credit Union member
- Apply for a loan
How the program works
When applying for an auto loan, a loan officer will determine the best route and rate for your loan based on credit history and score. Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications. Loans are subject to credit union approval. Auto loan amount financed does not exceed 115% NADA retail value, including tax, title, license and registration. Restrictions may apply.
Is a credit builder program right for me?
A credit builder auto loan program is ideal if you don't have a strong credit history or any at all. This happens a lot for new drivers just starting out who may still be in high school or starting your first job. It can get you on the road if you've recently graduated from college and/or only have student loans on your credit report. First time car buyer programs like R.I.A. FCU's are also beneficial if you don't have a cosigner to put on your loan. There are many different variables which could make it difficult to get a traditional auto loan. Connect with us to see how we can help you buy the car that's right for you.