Educators Credit Union Auto Loans Review

Educators Credit Union Auto Loans is offered by Educators Credit Union, a credit union founded in 1937 and based in Racine, WI. Educators Credit Union Auto Loans is available in 1 state across the USA.

How much can you borrow via Educators Credit Union Auto Loans?

Educators Credit Union Auto Loans auto loan amounts start at $1,000 and go up to $100,000.

What APR does Educators Credit Union Auto Loans offer on its auto loans?

Educators Credit Union Auto Loans offers a fixed APR auto loan product that ranges from 2.45% 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.

What is the maximum loan term you can get with Educators Credit Union Auto Loans?

Educators Credit Union Auto Loans has auto loans with terms ranging from 12 to 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Does Educators Credit Union Auto Loans charge an origination fee?

Yes, Educators Credit Union Auto Loans may charge a loan origination fee.

Does Educators Credit Union Auto Loans charge a late fee?

Yes, Educators Credit Union Auto Loans charges borrowers with a late payment penatly fee

Does Educators Credit Union Auto Loans charge prepayment fees?

Yes, Educators Credit Union 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 Educators Credit Union Auto Loans loan?

Yes, you can. However, Educators Credit Union charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.

What do you need to qualify for Educators Credit Union Auto Loans?

Applicants with a credit score of at least 600 and up to 840 may be eligible for Educators Credit Union Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Educators Credit Union Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. Educators Credit Union 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 Educators Credit Union Auto Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Educators Credit Union Auto Loans. Permanent resident / green card holders are also eligible to apply.

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

• Loan payoff statements
• Applicants must have an active and valid personal checking account
• Proof of income
• Proof of insurance
• Driver's license
• Government issued photo ID
• Proof of identity
• Proof of citizenship or residence permit
• Proof of residence

Does Educators Credit Union Auto Loans report your account activity to credit bureaus?

Yes, Educators Credit Union Auto Loans reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.