Auto Loan Rates
Rates
2023 & Newer Vehicle Rates
2016-2022 Vehicle Rates
2015 & Older Vehicle Rates
Frequently Asked Questions
What are Royal Credit Union’s auto loan rates?
Royal Credit Union’s auto loan rates vary by vehicle age and loan term. Current rates are listed on the auto loan rates page, along with estimated monthly payments; the rate you receive is subject to credit approval and may differ from the lowest advertised rate.
What credit score do I need for a Royal Credit Union auto loan?
Royal does not use one credit score cutoff for every auto loan. Your rate and approval depend on your full financial picture, including your credit history, income, debts, loan amount, term, and the vehicle you plan to finance.
Can I get preapproved for an auto loan at Royal before I go to a dealership?
Yes, you can apply for an auto loan preapproval with Royal before visiting a dealership. A preapproval can help you understand how much you may be able to borrow, estimate your payment, and shop with a financing option already in place.
How long can I finance a car through Royal Credit Union?
Royal offers auto loan terms from 24 months up to 84 months for newer vehicles and up to 75 months for older vehicles. Available terms depend on the vehicle’s age and your approved loan details. Shorter terms typically have higher monthly payments, while longer terms may lower the payment but increase total interest paid over the life of the loan.