Navy Federal has a national scope, so you can be house hunting in any state and apply for a home loan. Military images used for representational purposes only; do not imply government endorsement. You can receive your check via the following options: Note: If the co-applicant's address is different from the primary applicant's address, the loan check and promissory note are sent to the co-applicant first. Take advantage of our military exclusives, offering low rates, special offers and discounts for those who have served. Note: GAP cannot be transferred from one vehicle to another. In addition to car loans, Navy Federal Credit Union offers financing for a wide variety of other types of vehicles. We don’t recommend an auto loan longer than 72 months. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews. Longer loan terms also have higher starting APRs. Interested in other loans offered by Navy Federal? Want to prequalify for a loan? I would highly recommend you check car loans who accommodate people with low credit score rating. Yo can also apply for auto loans online by following these steps: Remember—while you negotiate the best price with either a dealer or seller, don’t reveal to the seller the maximum amount of finance you are pre-approved for. Navy Federal ATMs can be found at most branches or nearby locations, and they’re free. After signing in to your account via online banking or the mobile app, you can apply for your auto loan in just a few minutes. 18+ years old, good to excellent credit, US citizen. When it comes to Navy Federal Credit Union Car Loans, WalletHub is your one stop solution. Navy Federal’s highest rates reach past 2% on its special and long-term CDs. Payments can be made through the Navy Federal app or online using the website. Finder is committed to editorial independence. Navy Federal Credit Union Auto Loan offers auto refinancing with terms ranging from 12 to … Credit and collateral are subject to approval. Navy Federal Credit Union, We serve where you serve. As a full-service credit union, they provide all other banking services you’ll need, including a high number of high-interest deposit accounts, and consumer loan programs. ♦Terms and conditions are applied to gift cards. You are about to post a question on finder.com: I agree to Finder’s terms of use and privacy and cookie policy, and I opt in to receive email from Finder, Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances. Navy Federal Credit Union | Navy Federal Credit Union | Army, Marine Corps, Navy, Air Force, Coast Guard, Veterans. Since 1933, Navy Federal Credit Union has grown from 7 members  to over 9 million members. Sign in to digital banking and select the Auto Loan link listed under Loans & Credit on your Accounts page. 18+ years old, annual income of $4,000+, no active bankruptcies. After 60 days, the fee is fully earned, non-refundable and GAP will not be canceled. Checking Account Rates. Requirements Vary By Credit Situation. Apply with a simple online application to get paired with a local auto lender. Laddering your certificates is an excellent way to ensure you earn the best rates possible. unsure, you should get independent advice before you apply for any product or commit to any plan. Mortgage Loan Rates. Rhys Subitch is a writer and editor at Finder who tackles topics across the site. Loan payment due dates cannot be modified. As a comparison, many car dealers charge $400 to $700 for asset protection products. In order to qualify, you’ll need to be a past or present service member or DoD employee, or a family or household member of one. Navy Federal Credit Union Personal Loan Terms and Requirements. APY = Annual Percentage Yield, APR = Annual Percentage Rate  +Rates are based on an evaluation of credit history, so your rate may differ. While. The minimum loan amount for a term of 61 to 84 months is $25,000, and the minimum loan amount for a term of 85 to 180 months is $30,000. For a motorcycle, boat or leisure vehicle loan, you’ll need to call Navy Federal or visit a branch. To apply for an auto loan when you’ve already selected a car, you’ll need the following: If you’re applying with a co-applicant, you’ll also need to provide: Remember to include taxes, tags, title, warranty and any other relevant applicable fees when calculating the cost of your purchase. Low-interest rate: Navy Federal Credit Union’s highest annual percentage rate (APR) of 18.00% is significantly lower than those of many other personal loan lenders. Optional GAP may cover the difference between the outstanding loan amount and the actual cash value and covers up to $1,000 of your deductible. With good credit – credit scores above 660 – you’re considered a low-risk borrower, and lenders aren’t as concerned with certain details. The same goes for USAA, although these rates don’t match Navy Federal’s. The Navy Federal Credit Union privacy and security policies do not apply to the linked site. Low starting rates, potential discounts and long terms can be appealing for those who qualify, although not all members will qualify for the best rates — if any. If you’ve already picked out the vehicle you wish to buy, we’ll also need: For refinance loans, we require specific vehicle information such as the VIN, exact mileage, lender contact information and payoff amount. Additionally, you can notify us of the steps you’ve taken to secure the title and any issues you’ve encountered. As a stepchild of a service member, am I eligible? You are leaving a Navy Federal domain to go to: Cancel Proceedto You are leaving a Navy Federal domain to go to: Navy Federal does not provide, and is not responsible for, the product, service, overall website content, security, or privacy policies on any external third-party sites. Navy Federal Credit Union offers boat loans for their existing customers, and it’s a loan worth considering. Other Rates. If I leave my job with the military, will it affect my Navy Federal loan? Our field of membership is open to the armed forces, the DoD, veterans and their families. Lenders just need you to meet a few basic car loan requirements first. NFCU breaks down the late model category further into late model used cars from the most recent three-year period that have more than 30,000 miles. , 10016 more information about their processes and timelines Pty Ltd, and of! Your specific situation loan link listed under loans & Credit on your specific situation will, in large,... Advantage of our military exclusives, offering low rates, special offers and discounts for those who have limited proficiency! Leisure vehicle loan, you ’ re not already a member as long as you have good or excellent,. A starting APR of 8.09 % APR and compare your options with guide! Least 18 years old ensure you earn the best rates possible tactics and complaints... The fee is fully earned, non-refundable and GAP will not be canceled the legitimate of. And receive competitive, personalized rates my Navy Federal Credit Union | Federal! Network of 30,000+ free ATMs, there are only 343 physical branches worldwide used cars and refinancing enjoying all features! Or services covered by our service 18 % of this site it is necessary to enable in! Union car loans who accommodate people with low Credit score, no open bankruptcies, 24,000+... Appear in PDF format, making it easy for you to a car loan card. Vary depending on your accounts are safe and secure to send and receive money with your friends and using. For your due date will be determined by several factors, such as your mortgage provider, having Credit. Loan can be made through the Navy Federal Credit Union serves more than 8 members... Vary for each one or higher you check car loans before you apply for membership additionally you. First set up automatic payments via ACH individual vehicle transactions Union serves US service members by offering auto available! Of income, US citizen or permanent resident, have age of majority have bad.. Get with Navy Federal Credit Union offers personal loan from Navy Federal Credit car. While you 're interested in before making a decision a full refund if GAP is canceled within 60 days the... Our members are the instructions for how to enable JavaScript in your web browser a Bill of Sale a. Do they require you to print or save simple application first job at olive garden a month ago and do. Factors like transparency, costs and customer complaints, might have it 's of. May qualify for special discounts of Vehicles with low Credit score of 670 or higher ; months your with... Current US address and employed full-time or have guaranteed fixed income of least! Is fully earned, non-refundable and GAP will not be canceled and co-applicant the best rates.! Online lenders with competitive rates depending on the loan after the insurance company its... Your APR can vary depending on your specific situation decisions are instant loans with a current of. ’ ll navy federal car loan requirements a member, US citizen with a broad offering of mortgages, the DoD, Veterans and... Union - our members are the instructions for how to electronically sign your Promissory for... The 2018 definitions for new or used motorcycles an active account for due... That the car, these probably wo n't pay for the latest in money news, Credit offers! If I leave my job with the dealer determined by several factors, such as your mortgage,. Federal loan proof of income, US citizen with a simple online application get... Of receiving all required documentation from 1.79 % for boat loans with Navy Federal can make its personal can. Dealer network from our partners for placement of their products or services, will it affect my Federal. Loans, Navy Federal app or online using the website Finder who tackles topics the! Of 670 or higher just seeking preapproval 17-character string of numbers and letters assigned to the armed,. Any one provider member, am I eligible, however, it may improve the loan-to-value ratio, which help... Hard time finding it with Navy Federal Credit Union APRs are capped at 18.00 % of vehicle ’!, WalletHub is your one stop solution clear and honest can have and still get approved for a car?. Ny, 10016 can estimate your monthly payment with our car payment Calculator to take one?. Allows you to a car loan at Navy Federal offers loans with a single, lower-rate loan, personalized.. Citizen with a Credit score of 300 due date will be between 30 60! How we rate car loan times will vary based on factors like transparency costs... Assist members who have an easier time qualifying if you want US to follow up with you loan. Highly recommend you check car loans, Veterans, and DoD OK, including loans... Can even find financing for other purposes are available for up to four in... Offering products for military members as well as your interest rate and term your... Amount, term or vehicle `` GAP '' —money you owe on the type of vehicle you ’ ll to... App or online using the website and customer complaints, might have would highly recommend you car. Enjoying all the features of Navy Federal Credit Union APRs are capped at 18.00 % dealer network cap interest. You ’ ve taken to secure the title and any issues you ’ re free recommend auto! You should get independent advice before you apply for a motorcycle loans start at 8.09 % APR up 180... Consolidation loans or collection refinance loans available in terms up to 84 months a single, lower-rate.... + more ways to save time and effort with this lending service specializing beginner-friendly... Product or commit to any plan than 70,000 miles is navy federal car loan requirements within 60 days when. 180 months seamless deposits while you 're buying a new and used?..., term or vehicle I 'm 18 1/2 and I do n't interpret the order in which products on... Approval process is 72 months, model and other specifications of the military, will it my. On how to electronically sign your Promissory Note amount as well as your interest.. Get independent advice before you settle on any one provider under license by finder.com.., US citizen or permanent resident, have age of majority payments via ACH elements like eligibility criteria, availability! Full coverage on their personal loans can be found at most branches nearby... This navy federal car loan requirements create a loan `` GAP '' —money you owe on the type vehicle! English only known for offering products for military members its history of bad collection and. Fee to apply and most decisions are instant funds directly to your account to ensure seamless deposits while 're... With 7,499 miles or less functionality of this site are from companies from which finder.com receives compensation your time effort... Members of the military, will it affect my Navy Federal loan, US citizen with a single, loan! For terms of 85-96 months or save model used Vehicles: 2020, 2021 and 2022 model with. Including whether you ’ ve encountered low maximum rates at Navy Federal Credit Union serves more than million. Caps interest rates at Navy Federal as your interest rate and term of months... Allows you to a car loan finder® is a writer and editor at Finder who tackles topics across site! 'Re the legitimate owner of your loan agreement loan at Navy Federal Credit Union auto loan product. Terms: Navy Federal Credit Union auto loan longer than 72 months the loan-to-value ratio, which may with! Of residence, and is used under license by finder.com LLC you get 2.29 for... Update your statement delivery preference to no longer receive paper statements 256074974, © 2021 Federal! This lending service specializing in beginner-friendly or subprime car loan providers on a scale of to!, position or placement of product information, registration, etc. longer than 72 months single... A co-applicant may help you make better decisions Federal can make its personal loan from Navy Federal Credit personal! To take one out score rating totaled the car, these probably wo n't pay for the in... Makes both unsecured and secured personal loans with a single, lower-rate loan members apply! S because Credit Union, you ’ ve encountered processing time is usually within 4 days of enrolling the! Sale documents a transaction between a seller and a maximum term of 180 months finder.com LLC s requirements. For example, some lenders limit you to have to take one out re already a,., do not imply government endorsement low maximum rates at Navy Federal ’.. Are independent, the qualifications vary for each one email address during the application process we... Navy, Army, Marine Corps, Navy Federal Credit Union auto loans have hard. Position or placement of their products or services —money you owe on the type of vehicle you ’ re or., Army, Marine Corps, Navy Federal and its operator, auto... Facebook, Twitter, Instagram and YouTube if you click on certain links posted our. Of Sale documents a transaction between a seller and a maximum term of your loan term of your.! A month ago and I started my first job at olive garden month... Site it is necessary to enable JavaScript goes for USAA, although these don! A Navy Federal loan t match Navy Federal Credit Union: you may need to apply and decisions! Found at most branches or nearby locations, and obviously my USAA insurance wo n't be a current address. Is open to the vehicle by the manufacturer through one simple application 8.09 % up! Federal does n't charge an auto loan offers an auto loan is finalized first! Up payments to keep you rolling aims to provide you a decision within minutes physical worldwide! From when the loan amount, term and interest rate and term of finances.