Dover Federal Auto Loans

Dover Federal Auto Loans Review

Dover Federal Auto Loans is offered by Dover Federal Credit Union, a credit union founded in 1958 and based in Dover, DE. Dover Federal Auto Loans are available in 50 states (and Washington, DC).

Dover Federal Auto Loans FAQ

How much can you borrow via Dover Federal Auto Loans?

Dover Federal Auto Loans loan amounts start at $24,500 and go up to $24,500.

What APR does Dover Federal Auto Loans offer on its car loans?

Dover Federal Auto Loans offers a variable APR car loan product that ranges from 6.49% APR up to 7.75% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

Does Dover Federal Auto Loans charge an origination fee?

Yes, Dover Federal Auto Loans may charge a loan origination fee.

Does Dover Federal Auto Loans charge a late fee?

Yes, Dover Federal Auto Loans charges borrowers with a late payment penatly fee

Does Dover Federal Auto Loans charge prepayment fees?

Yes, Dover Federal Auto Loans does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Dover Federal Auto Loans loan?

Yes, you can. However, Dover Federal Auto Loans charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What do you need to qualify for Dover Federal Auto Loans?

Dover Federal Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. Dover Federal Auto Loans only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Dover Federal Auto Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Dover Federal Auto Loans.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Proof of identity
• Proof of citizenship or residence permit

Is Dover Federal Credit Union a legit company?

Dover Federal Credit Union was founded in 1958, it is a well-established company that has been in business for 65 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.