The $46 billion Navy Federal Credit Union said it believes the 1.79% annual percentage rate on its 36-month new auto loan may be the lowest offer in the country.
The new rate comes as the Vienna, Va.-based credit union reports strong lending growth over the past several months driven by its 1.99% APR new auto rate for loans up to 60 months.
The credit union said it plans to maintain this rate, along with the new 1.79% APR rate, for 36 months. It will also continue to offer a $100 bonus for members who refinance their new car loans from other financial institutions with Navy Federal.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
