Navy Federal Credit Union (NFCU) New Car Loan Rates

If you are looking to acquire a new car through NFCU, the first thing you need to do is find out if you qualify for a car loan. In order to qualify for it, you must be a member of the NFCU or an immediate family member of anyone in the military service. In this article, we will take a look at the new car loan rate s, annual percentage rate, and repayment terms offered by NFCU.

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Written by: Pig Daddy

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?

The NFCU membership extends to those who share familial relations with people in the military service. This includes parents, spouses, siblings, children (including adopted and stepchildren), grandparents, grandchildren and household members of people who have a valid Navy Federal Credit Union account.

What are the requirements that you need to prepare?

You’ll have to prepare your Social Security Number, proof of current home address, driver’s license/government ID, and a credit card or bank account and routing number to fund your account.

What are the benefits of applying for a car loan at NFCU?

The best thing about applying for a car loan at NFCU is the easy application process and discounts given to military members. Their pre-approved loan rate is also valid for 90 days which is beneficial for people who are still undecided about the purchase of their car.

What cars are considered as "new car" by NFCU?

As per NFCU’s standards, the “new cars” are those with the year model 2021, 2022 and 2023 with 7,499 miles or less.

How much is the minimum loan amount you can get for a new car loan at NFCU?

The minimum loan amount you can get is $30,000, with a payment term between 85 months to 96 months.


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.

Pig Daddy

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