Navy Federal Credit Union New Car Loan Rates
Below is the NFCU’s new car loan rates as of this writing. Their interest rates are updated regularly so it is recommended that you check their website to stay up to date with their current rates.
- Up to 36 Months – APR at 1.79%
- 37 Months to 60 Months – APR at 2.19%
- 61 months to 72 months – APR at 2.29%
- 73 months to 84 months – APR at 4.69%
- 85 months to 96 months – APR at 5.59%
It is important to note that the above mentioned interest rates are based on the evaluation of your creditworthiness, hence, expect your APR to vary.
How Can You Become a Member of the Navy Federal Credit Union?
NFCU services are only open to their members who must have been or are still in the military service as well as their immediate family members.
Here is a list of people who can become members of the NFCU and are qualified to benefit from their services:
- Active Duty members of the Army, Marine Corps, Navy, Air Force, Coast Guard, National Guard and Space Force
- Delayed Entry Program (DEP)
- Department of Defense Officer Candidate/ROTC
- Department of Defense Reservists
- Veterans, retirees and annuitants
Membership Benefits and Discounts
The NFCU offers a wide range of benefits and discounts to its members. Here are some of the benefits and discounts that you can avail when you are a member of the NFCU:
- Exclusive membership benefits from TrueCar®, CARFAX®, Liberty Mutual® and SiriusXM®
- Visa® Special Offers
- Car Buying Service
- RealtyPlus®
- Enterprise Rent-A-Car®
- Hertz Car Rental
- Loan Discount of 0.25% APR on select loans for Active Duty and retired military members with direct deposit
Frequently asked questions
Aside from military members, who else are eligible for NFCU membership?
What are the requirements that you need to prepare?
What are the benefits of applying for a car loan at NFCU?
What cars are considered as "new car" by NFCU?
How much is the minimum loan amount you can get for a new car loan at NFCU?
Conclusion
The NFCU is a reputable credit union that offers competitive and flexible rates for a new car loan. They also provide various discounts and benefits to their members such as their pre-approved loan rate and military discounts. Equally important, their application process is easy and straightforward. If you are qualified to take out an NFCU car loan, don’t hesitate to apply and take advantage of its many great benefits.