Congratulations on your recent loan approval!
While your loan is in processing we will need a few pieces of information in order to move your application to the closing stage. Here’s what we will need next. Please send the following information to MyLoan@rcu.org
Next Steps:
For a dealership purchase:
- We require a purchase agreement from the dealership to proceed.
- Once we receive and process the purchase agreement, we will contact you to finalize your loan within 2 business days.
- Please ask your dealership if they are part of Royal’s Indirect Lending Network. If they are, let them know you are pre-approved at Royal Credit Union. Depending on the dealership, you may be asked to provide another application.
For a private party purchase or refinance:
- We will need the following information to proceed:
- Seller information (if applicable):
- First & last name of seller
- Address
- Phone number
- Agreed upon purchase price
- Date of birth – For sellers that are WI residents (this is a WI DMV requirement to perform vehicle inquiries in the WI DMV Database)
- Collateral/vehicle info:
- VIN
- Year
- Make
- Model
- Body style
- Vehicle color
- Mileage
- Seller information (if applicable):
- If there is a lien on the collateral, we need the following payoff information:
- 10 or 15 day payoff amount
- Per diem (daily interest amount)
- Account number for the loan at the lending financial institution
- Name of lending financial institution & payoff address
- If there is no lien, the title will be required before closing the loan.
- Please email a copy of the title to myloan@rcu.org.
- Once we receive and process the needed information, we will contact you to finalize your loan within 2 business days.
Please send the above information to MyLoan@rcu.org