Auto Loans
GREAT NEWS! Interfaith FCU individual members, you can now apply for auto loans through online and mobile banking while logged in to your account.
90 Day No Payment Option on Auto Loans New to IFCU
No payments for the first 90 days on auto loans new to Interfaith FCU - this applies to new or used car purchases OR an auto loan you bring over from another lender to IFCU. Members may elect to defer their first payments for 90 days starting from the loan funding date. Interest will continue to accrue during the deferral period. This offer is not available on existing Interfaith FCU auto loans.
Ask about IFCU discounts available for direct deposit to an IFCU checking account and for automatic payment transfer.
Utilize IFCU Auto Buying Partnerships - Get 0.25% off your auto loan rate!
Imagine a seamless process of finding the right car at a great price with no haggling, then topping it off with a great loan rate. IFCU is here to make life easier for you with pre-approval for your car loan combined with concierge car buying services. Ask about additional discounts available for direct deposit to an IFCU checking account and for automatic payment.
IFCU offers concierge car purchasing through Enterprise Car Sales
Southern California members can also utilize Auto Expert
Fresh Start Auto Loan Program
Have you been turned down for an auto loan or paying a high interest rate elsewhere? Even without a co-signer or co-borrower, you may still qualify. The IFCU Fresh Start Auto Loan Program is designed for members with limited or challenged credit. Secure an affordable monthly payment so you can build credit and improve your credit score.
Vehicles 2017 and newer, from $5,000 to $35,000.
Up to 100% of Kelly Blue Book value.
Up to 72 months.
All credit score ranges are eligible.
16% fixed APR*, reducing by 1% after 12 months of on-time payments and again after 24 months.
Eligible income is required, along with at least one year of employment.
Automatic payment is required.
iLocate required – payment reminder device that includes free GPS for added security.
Auto-buying services are available through Enterprise and Auto Expert.
IFCU believes everyone deserves a second chance. If you’re ready to take the next step, our team is here to help you explore your options. IFCU finances both new and used vehicles. Contact IFCU lending at 800-245-0433 or email lending@InterfaithFCU.org.
*APR=Annual percentage rate. All loans are subject to IFCU’s customary underwriting and documentation. Loan approval subject to income evaluation.
Make life easier on yourself, get pre-approved, then buy the car of your dreams, and finance your new/used auto with Interfaith FCU.
Have your loan with another lender? Compare our rates, you may even save money when you refinance your existing auto loan with Interfaith FCU.
Asset Protection
Interfaith FCU offers Guaranteed Asset Protection (GAP) which protects an automobile owner if their vehicle is totaled when its value is less than the amount owed. GAP is a non-insurance product that covers the “gap” between the vehicle’s value (what your insurance company will pay out) and the amount you still owe on the loan.
Another useful financial tool is Mechanical Breakdown Insurance (MBI) which helps new and used car owners save substantial amounts of money in the event their vehicle breaks down outside its warranty period.
To learn more about these products call 800-245-0433 to speak with lending representative or email lending@interfaithfcu.org.
Affordable Auto Insurance
Interfaith FCU members qualify for auto insurance discounts through TruStage® Insurance. Even when your auto loan is not with Interfaith FCU you can obtain insurance for your vehicle through TruStage® simply by being a member of Interfaith FCU.