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Frankenmuth CU Auto Loans
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Frankenmuth CU Auto Loans

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in Auto Loans from Frankenmuth Credit Union
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Highlights
Loan Amount N/A
APR  (Variable APR) Starting at 6.65%
(Verified 09/20/2023)
Loan Term (Months) Up to 75 months
Credit Score Range N/A

Frankenmuth CU Auto Loans Review

Frankenmuth CU Auto Loans is offered by Frankenmuth Credit Union, a credit union founded in 1964 and based in Frankenmuth, MI. Frankenmuth CU Auto Loans are available in 50 states (and Washington, DC).

Frankenmuth CU Auto Loans FAQ

What APR does Frankenmuth CU Auto Loans offer on its car loans?

Frankenmuth CU Auto Loans offers a variable APR car loan product that ranges from 6.65% 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 auto loan term you can get with Frankenmuth CU Auto Loans?

Frankenmuth CU Auto Loans has car loans with a maximum term of 75 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.

Does Frankenmuth CU Auto Loans charge an origination fee?

Yes, Frankenmuth CU Auto Loans may charge a loan origination fee.

Does Frankenmuth CU Auto Loans charge a late fee?

Yes, Frankenmuth CU Auto Loans charges borrowers with a late payment penatly fee

Does Frankenmuth CU Auto Loans charge prepayment fees?

Yes, Frankenmuth CU 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 Frankenmuth CU Auto Loans loan?

Yes, you can. However, Frankenmuth CU 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 Frankenmuth CU Auto Loans?

Frankenmuth CU Auto Loans does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Frankenmuth CU Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. Frankenmuth CU 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 Frankenmuth CU 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 Frankenmuth CU Auto Loans.

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

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

Does Frankenmuth CU Auto Loans report your account activity to credit bureaus?

Yes, Frankenmuth CU 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.

Is Frankenmuth Credit Union a legit company?

Frankenmuth Credit Union was founded in 1964, it is a well-established company that has been in business for 59 years.

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

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Cash
  • 1099 Misc. Income
  • Tax Returns
Vehicle Type Auto
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Income
  • Proof of Identity
  • Social Security Number
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
APR Type Variable APR
APR (Variable APR) Starting at 6.65%
(Verified 09/20/2023)
Loan Term Up to 75 months

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