How does a fixed rate as low as 2.99% Annual Percentage Rate (APR) on terms as long as 60 months sound?? Our "Scale Back Auto Loan Sale" going on now through April 30th offers this great loan rate for new AND used automobiles financed during the promotion. The loans themselves can be for purchases or refinances from another financial institution. Qualified members can also delay their first loan payment up to 90 days. Wouldn't be nice to not have a car payment for a few months? That money could be used to pay down other debt, pay for a special project, or just provide a little money for a Spring Break trip. It is important to note here that loan interest would accrue during the loan deferment time frame.
The theme of the loan promotion is similar to the "Scale Back Alabama" weight loss campaign in that cutting your costs is a smart idea. We have money to lend so if you are going to borrow money make sure that your costs are minimized. Weigh your options, trim your budget, and lose high interest rates with a low cost loan from North Alabama Educators Credit Union!
As with all loans at the credit union, we are an Equal Credit Opportunity Lender. Qualifications must be met on all loans. Your actual loan interest rate will be determined by your credit worthiness as well as other factors, such as the term length of your loan. For a 60-month term as referenced above, the payments would be as low as $18.00 per $1,000 borrowed. Please keep in mind that well qualified borrowers with a credit score of 748 and over can actually receive a lower loan rate than advertised above. To refinance a loan already financed with NAECU, an additional $2,500 must be added to the existing balance to qualify for the reduced rate.
Visit our web site at www.naecu.org for rates and terms available.