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In the coming weeks, MemberFocus members will begin receiving their new VISA credit cards.

LOC Cards- Your new credit card can now be activated!
MemberFocus Cards- New credit cards cannot be activated or used until June 24

Click here to learn more about your new card.

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New & Used Auto Loans

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We can make that dream vehicle more affordable and within your reach.

If you have your eye on a new car, found a great deal on a used vehicle or want to refinance a higher-rate loan from another financial institution, our best-in-market auto loan rates can help you fit comfortably in the driver's seat. LOC Credit Union has some of the best auto loan interest rates around. Preapproved auto loans are available for those who qualify so you know how much you can afford to spend before you start shopping.

Our auto loans offer:
  • Low fixed rates on new and used autos
  • Up to 115% financing
  • Ability to lock your rate in for up to 45 days while you shop
  • Flexible terms up to 120 months for some vehicle purchases based on year and dollar amount
  • The ability to leverage any equity in your vehicle to pay off higher-rate debt elsewhere at the rate of your auto loan
    • This option is perfect to simplify your debt into a single low rate payment and is available even if your car is paid off
    • Not sure of your car's value? Check Kelly Blue Book or Edmunds

Auto Loan Interest Rates

New & Used Auto Loans
Effective Date: Saturday, May 27th, 2023
YearFixed APR As Low AsTermMinimum or MaximumNote
2020-2023 4.89% Up to 60 Months $3,500 Min Available for <90% LTV or Heroes Program Members
2017-2023 5.45% Up to 66 Months $3,500 Min Available for <90% LTV or Heroes Program Members
2017-2023 5.95% up to 66 Months $3,500 Min  
2018-2023 6.25% up to 75 Months $15,000 Min Available for <90% LTV or Heroes Program Members
2018-2023 6.55% up to 75 Months $15,000 Min  
2018-2023 6.75% Up to 84 Months $30,000 Min Available for <90% LTV or Heroes Program Members
2018-2023 7.05% Up to 84 Months $30,000 Min  
2022-2023* 7.55% 85 to 120 Months $50,000 Min  

Example: A loan amount of $25,000 with a rate as low as 4.89% for 60 months would have an approximate monthly payment of $471.00

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 to Apply for an Auto Loan 

Whether you're interested in purchasing or refinancing your auto loan, new or used, you can get the process started by applying online to get preapproved today.

Apply Online

Auto Buying

Auto Loan FAQs


Their Dreams. Our Ideas.

My experience with Crystal at the Howell branch was fantastic. She was very professional, informative and efficient. My needs were addressed and I am saving $200 per month by refinancing my truck. Over the course of the loan, LOC will be saving me over $9,000. I will be a member for life.

Jeremy and LOC

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Easy & Quick Application Process With An Instant Decision

Affordable financing options are just a simple click away.


Payment Protection

Want to fully cover your loan in the event of job or collateral loss?  Check out these options.

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