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We can help you save over the life of your loan.

Rates as low as 6.55% Fixed APR

Whether you financed at the dealership or with another financial institution, we'd love the opportunity to refinance your loan and look into getting you a lower interest rate! We could help you save hundreds and sometimes thousands of dollars over the life of your loan by refinancing your auto loan with LOC. You can use our auto refinance calculator below to calculate your potential savings to help you decide if it would be worth it for you to refinance your auto loan.



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Why you should consider refinancing:

  • Better interest rate 
  • More flexible terms
  • Your credit score has improved
  • You're looking for a lower payment or some financial flexibility
  • Your lease is expiring soon, and you're interested in keeping the vehicle

Simply come in to any of our branches and one of our helpful team members can sit down with you and see if refinancing is right for you.


New & Used Auto Loan Rates
Effective Date: Sunday, May 26th, 2024
YearFixed APR As Low AsTermNote
2018-2024 6.55% Up to 66 Months Available for <90% LTV or Heroes Program Members
2018-2024 6.85% up to 66 Months  
2019-2024 6.90% up to 75 Months Available for <90% LTV or Heroes Program Members
2019-2024 7.20% up to 75 Months  
2019-2024 7.45% Up to 84 Months Available for <90% LTV or Heroes Program Members
2019-2024 7.75% Up to 84 Months  
2023-2024* 8.25% 85 to 120 Months  

Example: A loan amount of $25,000 with a rate as low as 6.55% for 66 months would have an approximate monthly payment of $452.00

APR = Annual Percentage Rate

*Credit score 700+ required. Available for up to 75% financing.

Subject to approval. Approval and actual rate and term offered is based on overall creditworthiness factors and satisfactory collateral. 

LTV's up to 115% are available. All used collateral older than model years listed above will be considered on an individual basis. Contact us for more information. Restrictions apply.  

How much can I lower my monthly payment with a new auto loan?

Have you considered how refinancing could help you save? Adjusting the term of your existing auto loan may also make a big difference in your monthly loan payment. Use our auto refinance calculator to help you decide if it would be worth it for you to refinance your auto loan.

Current Loan

Proposed Loan


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It’s easy to become a member of LOC Credit Union! 

Membership is open to anyone who lives, works, worships, or attends school in the state of Michigan. 

A current or eligible member's immediate family (spouse, sibling, child, grandchild, parent, grandparent) or an individual living in the same household of a current or eligible member can also join LOC.

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