|Terms||APR¹ As Low As||EMP² Per $1,000|
|Up to 36 Months||3.24%||$29.19|
|Up to 48 Months||3.24%||$22.24|
|Up to 65 Months||3.24%||$16.79|
|Up to 72 Months||4.24%||$15.75|
|Up to 84 Months||5.74%||$14.48|
¹APR = Annual Percentage Rate. Rates are determined by your personal credit history, loan term, Member Benefits Level, and payment method, your rate may differ. Published rate includes a 0.50% discount given when you maintain electronic payments and Plus or Relationship benefits on your DCU checking account. Rates listed are for this product only and are subject to change at any time. Rates and terms on loans for other types of vehicles, including mobility vehicles, will differ. For refinance of a DCU loan an administrative fee may apply. Credit and collateral subject to approval.
²EMP = Estimated Monthly Payment
Rate is subject to change after consummation.
Applied online and within 5 minutes a loan processor called me to finish a few questions, called for my payoff while on the phone with me and loan was set up in less than 10 minutes! I was amazed… thank you!READ MORE REVIEWS
Was able to refinance my auto loan to DCU for a lower rate than I was paying at another financial institution. The representative who helped me was extremely helpful and made the process extremely easy!READ MORE REVIEWS
This is the 3rd vehicle loan we have had or refinanced with DCU. The BEST member service. We tell everyone how great this institution is. They have very competitive rates.READ MORE REVIEWS
Pay off credit cards or invest in home improvements with our traditional personal loan.
On Balances Up to and including $1000.00
$0.00 Annual Fee
On Balances Up to and Including $100,000.
Frequently asked questions and answers to help manage and plan for your auto loan.
The most common ways to apply for a DCU Auto Refinance Loan are through our online application or in a branch. If you are already a DCU member, you can submit your application within Online Banking under LoanSuite. This will allow you to streamline your application, because you won’t be asked for any information we may already have. Additionally, you could check to see if you are already preapproved for an auto refinance loan.
If you have questions or need assistance submitting an application, you can contact our Consumer Loan Call Center at 800.328.8797 – then select Option 3.
You must be a DCU member to finalize and fund a vehicle loan, but you can submit your loan application before finalizing membership. If you are not yet a DCU member, you will receive information about how to apply to become a member after you receive your loan decision.
For more information about membership eligibility, visit our membership eligibility page.
To apply for an auto loan refinance, you will need the following information:
To finalize and fund your auto loan, you will need to do the following:
The timeline for application and funding can vary, depending on how quickly the required documentation is provided. In many instances, we are able to provide instant decisions on applications submitted through our online application. You will receive a notification if further review is needed to decision your application. Once you provide all of the documentation needed to finalize your loan, the check is usually delivered by FedEx within 2-3 business days.
Rates are determined by your personal credit history, loan term, account relationship, and payment method. Members may be eligible for a 0.50% discount by maintaining electronic payments on the loan and Plus or Relationship benefits on your DCU checking account. Rates and terms on loans for other types of vehicles, including mobility vehicles, will differ.
Once the loan amount is determined the interest rate and the term of the loan will be used to estimate your vehicle payment. To estimate your monthly payment, try our Monthly Payment Calculator.
Refinancing your auto loan at a lower rate could decrease your monthly payment. See how a lower rate or change in terms will impact your monthly payments with our Auto Refinance Calculator.
Loan to value is the ratio that compares the amount of a loan against the value of the vehicle. Typically, lenders have a “maximum LTV” threshold in place which determines how much of a loan they are willing to finance for a vehicle based on its value. The LTV threshold is based on a number of factors, including creditworthiness, vehicle age, mileage and term of the loan. Qualified borrowers could refinance up to 130% of the vehicle’s current value. If you are applying for a cash-out refinance, the maximum loan amount is up to 100% of the vehicle’s current value.
GAP insurance is optional auto insurance that helps pay off your loan in the event your vehicle is totaled or stolen and you still owe more than the depreciated value. Regular auto insurance will only cover what the vehicle is worth at the time of the loss. GAP insurance protects you when your auto loan balance exceeds your car's current book value. DCU offers members GAP Advantage insurance through Allied Solutions. GAP Advantage can be purchased for both new and used vehicles, for a reasonable one-time cost of $300. For more information, visit the GAP Advantage Insurance page.
If you have a GAP Policy and to determine if your current policy terminates upon refinancing, consult your GAP agreement or contact your GAP provider.
Other insurance options that DCU makes available to members include:
You do not need to wait any minimum amount of time before refinancing your vehicle. DCU can refinance your existing loan as soon as you have the account information for your current lender. Consult your current lender to determine if the terms of your loan include payoff stipulations such as a prepayment penalty.
There are no fees to refinance a loan that is currently with another financial institution. If you are refinancing a loan that is already with DCU there may be an administrative fee. This fee varies based on the balance of the loan to refinance.
You can visit our Vehicle Titles page to find information on the following:
While every member has access to most of our great benefits, the more a member does with DCU, the more those benefits multiply. Check out the information below for a detailed description of benefits by level.
Every member enjoys these benefits automatically:
Enjoy all the Basic Member Benefits plus:
How to Qualify: Add and maintain direct deposit (qualifying direct deposit is a recurring electronic credit of your payroll, retirement, Social Security, or other recurring monthly income). If at any time you fail to maintain these qualifications, your benefit level will be automatically adjusted without notice and you will no longer be eligible to receive the associated benefits.
Enjoy all the Plus Member Benefits and:
How to Qualify: Add and maintain direct deposit (qualifying direct deposit is a recurring electronic credit of your payroll, retirement, Social Security, or other recurring monthly income) AND make at least 5 transactions per month (qualifying transaction types include debit and/or credit card transactions, bill payments, balance transfers, or P2P transfers that clear your account within the same month). If at any time you fail to maintain these qualifications, your benefit level will be automatically adjusted without notice and you will no longer be eligible to receive the associated benefits.
We are currently experiencing extremely high call volumes. To help keep our phone lines open for those members directly impacted by the current COVID-19 outbreak, please leverage self-service tools such as Digital Banking for routine transactions.
All DCU branch lobbies, including our Teller lines are open. Member Service Representative (MSR) advance appointments are no longer required but are encouraged. We look forward to serving your financial needs.