Let’s go places!
- Smart borrowing can help you meet your needs and reach your financial goals. ECU offers quick service and advice when you need it. ECU boat, RV, or Motorhome loans offer a variety of rates and terms to fit your needs. Click here for current rates.*
- Get pre-approved. Pre-approval lets you know how much car you can afford and saves time when you find the one you want.
- Take your rate even lower if you have an active ECU checking account, which could lower your rate by .15%. Active checking account is defined as a minimum of 10 transactions per month and/or a net check direct deposit. Or set up E-Pay (electronic payment from any financial institution) and receive an additional .10%. Loyal borrower will receive an additional .10%. Loyal Borrower is defined as having a loan originated with ECU in the last 30 months or have a Qwik Cash and/or credit card must have activity within the last 12 months. If you add loan products (min of two) Gap, Credit Life, Disability, and Service Contract you will receive an additional .10%. You may receive an additional .10% for receiving E-Docs (E-Statements, E-Notices … etc. A maximum of .50% will be allowed for each qualified loan.)
- GAP – GAP covers the difference between your primary carrier insurance settlement and the payoff of your loan or lease, less the delinquent payments, late charges, refundable service warranty contracts, and other insurance related charges. For example, if your car is stolen or totaled…
|Original Purchase Price||$20,000|
|Loan Balance After One Year||$18,000|
|Remaining Balance||$3,000 (GAP pays)|
GAP will also pay your insurance deductible. Deductible reimbursement is available in most, but not all states. Consult with your financing representative for the availability of this benefit.
*Simple Interest: Interest on ECU loans is accrued daily – only on the unpaid loan balance. Commonly referred to as “simple interest”, this practice produces a declining finance charge with each installment loan payment. Simple interest is the most consumer-friendly computation method. Smart buyers save money when they avoid lender who computes interest by other methods.