College Auto Loans
College Auto LoansAre you a college student in the market for a new car? We offer an auto loan program designed exclusively for you! This first-time auto program helps you to realize your dream of vehicle ownership -- with little or no credit history, and no co-signer required. This is an excellent way to establish and build credit.
- No payments for 90 days option
- Multiple term options up to 60 months
- Minimum down payment of $1000 or 10%
- Proof of employment
- Proof of college enrollment
- Must be at least 18 years of age
- Limited or no credit history
R) Term not to exceed one year (12 months) per $1,000 financed. Example: A $2,000 loan will have a maximum term of two years (24 months).
SS) APR - Annual Percentage Rate is subject to change and may vary depending on credit rating.
T) Payment per $1,000 balance is based on the interest rate listed with a maximum term. Example: for a 7 year (84 month), $20,000 new auto loan at the rate of 3.625, multiply 20 x $13.50 for a payment amount of $270.00 (loan amount ÷ $1,000 x payment example = payment amount). Actual payment varies based on credit score, loan amount, term, model year, and type of vehicle.
U) For the College Auto Loan, borrower must be at least 18, employed, a student in an accredited college, university, or trade school, and have no FICO score or limited credit history.