New & Used Auto Loans
Think of Arkansas Federal as your car-buying oasis. We're working for you-not only to provide you the best auto loan available, but to ensure you go into your purchase equipped with the most useful, most current car pricing and consumer information.
Click here for AFCU Auto Loan rates.
AFCU Express Dealer Financing
For your convenience, Arkansas Federal has partnered with select local auto dealers so AFCU members can get their AFCU Auto Loan directly at the dealer! You can always apply in advance and receive your AFCU Pre-Approved Loan, but there's no need with one stop on-the-spot financing at the dealer. Our select dealers are prepared to take your AFCU loan application any hour and any day that the dealer is open - even if the credit union is closed. Click here for more information about AFCU Express Dealer Financing.
Pre-Approved Auto Loan
Before you begin car shopping, it is important that you qualify for a loan by calling the Call Center, applying online, or by appointment with a loan officer in a branch. This way, you will have your financing secured AND know what price tag you can reasonably afford. From date of approval, you will have 45-days to shop with no interest charged until you find the vehicle you want and use your Pre-Approved Loan.
What Size Down Payment Will I Need?
With Arkansas Federal's auto loan options, qualified borrowers can purchase an auto with absolutely no down payment.
Refinance Your Current Auto Loan with Your Credit Union
For our members who want to refinance a current auto loan (financed with another lender), Arkansas Federal offers a very lenient refinancing program on all collateral loans.
Payments
Extra payments can be made on your loan at any time. You can even pay off your loan early without the penalty charged by some financial institutions.
Loan payments can be made effortlessly by:
- Direct Deposit or Payroll Deduction
- Mailing your payment to the credit union
- Visiting a teller station at any Arkansas Federal branch
- Transferring funds via our 24-Hour Touch Tone Teller
- Online Account Access
- ATM
Member to Member Account Transfers
Arkansas Federal Credit Union recognizes the fact that members need the ability to transfer funds from accounts under one member number to accounts under another member number.
With member-to-member transfer that is now possible! If you are listed jointly on ANY AFCU membership, you may now transfer money from one member number to another through Account Access. First, you will need to contact the Call Center and request that member to member transfers be enabled on any accounts that you are listed jointly. Once this has been enabled, you will login to Account Access and select the Account Transfers tab. Select what membership/account you would like to transfer money FROM. Then select the membership/account that you would like to transfer money TO. AFCU members may also schedule recurring transfers through Account Access with the Scheduled Account Transfers tab.
To request member-to-member transfer, simply contact our Call Center at 501.982.1000 in central Arkansas or 800.456.3000 outside central Arkansas and speak with one of our Call Center Representatives during normal business hours.
Skip-A-Payment
Do you need to stretch your money during the holidays? If so, Arkansas Federal has the perfect gift just for you. As a borrowing member in good standing, you will receive a letter in November of each year to choose which Arkansas Federal loan(s) you would like to skip the payment. Our "CASH IN DECEMBER" program allows you to defer your loan payment(s) due in December until the end of your loan, allowing you to spend the money that would have been used as your loan payment for special holiday purchases. (The interest on your loan will continue to accrue and a $10 skip payment fee will be charged, all other terms and provisions will remain unchanged).
Update Insurance Information
From time to time Arkansas Federal will send out letters requesting that members verify their insurance information, if you have received such a letter from AFCU, click here to update that information.
Debt Cancellation – Prepare for the Unexpected
Many events in life come unexpectedly; with AFCU’s debt cancellation you can protect your family from the unexpected. By purchasing AFCU’s low-cost debt cancellation protection, you would have the peace of mind that your family would be covered in the event that you and/or your co-borrower were to become unemployed, disabled or if an unexpected death were to occur.
Debt cancellation works by cancelling some or all of your debt when a protected event does occur. This flexible protection plan will allow you and/or your co-borrower to choose from coverages that best fit your lifestyle.
Fees for debt cancellation protection are calculated and applied monthly to the decreasing balance of your loan. You only pay for what you need. Protect yourself against that unforeseen event.
What Debt Cancellation does for You:
- Makes your loan payments
- Protects your credit rating
- Protects you if your spouse dies
- Prevents late fees
- Prevents repossessions of property
For additional information regarding AFCU’s debt cancellation contact a Call Center representative at 501-982-1000 or 800-456-3000 or by visiting one of our convenient branch locations.
Guaranteed Asset Protection (GAP) Insurance
Arkansas Federal Credit Union is now pleased to offer GAP insurance to our members.
Most cars depreciate by thousands of dollars as soon as they are purchased. And if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, you will still be liable to pay the difference: the "gap" between the insurance settlement and your loan balance.
Guaranteed Asset Protection (GAP) helps cover the difference between your primary insurer's settlement and the loan balance on items directly related to the purchase of the vehicle such as the purchase price of the vehicle, registration, licensing fees, and upgraded equipment. Click Here for more information and prices for GAP Insurance.
