Credit Builder Auto Loan | Rebuild or Establish Credit at SCU Credit Union

Man and woman sittin in the back of a SUV

Improve Your Credit Score - Lower Your Interest Rate

Get rewarded for reaching your financial goals.

With the Credit Builder Car Loan you can improve your rate as your credit score improves.

Credit Builder Car Loan

Pay a lower interest rate when you improve your credit score

The Credit Builder Auto Loan not only helps you drive the vehicle you need but also rewards you for improving your credit score.

Highlights

SCU will reward your financial progress! - Benefit from the opportunity to reduce your interest rate up to twice during the loan term, based on improvements to your credit score.
Flexible Financing Options - Enjoy terms up to 84 months for a new car and up to 75 months for a used car, giving you affordable monthly payments.

adult male driving a new car

check car loan rates apply online for a credit builder loan connect with a loan officer

Take Control of Your Credit Score

Having a good credit score can unlock access to favorable loans and rewards on credit cards while saving you money through better rates. On the SCU app, you can get your current score and personalized advice on how to improve it. All for free. All for you.

If you are a member sign into online banking and activate SavvyMoney

start your credit journey

Credit Builder Auto Loan | Frequently Asked Questions

Can I get pre-approved for an auto loan?

Absolutely! Getting pre-approved for an auto loan can give you an advantage when shopping for a car. It allows you to know your budget in advance and negotiate with confidence.
Is there a minimum credit score to qualify for the Credit Builder Auto Loan?

SCU Credit Union reviews applications on a case-by-case basis. Reach out to a representative to discuss specific qualifications.
What is a Credit Builder Auto Loan?

Once per year during the life of your loan, you can contact us to authorize a credit score check. If your score has improved and moved into a higher credit score tier (based on the tiers available when you first applied and outlined in your loan agreement), we'll happily reduce your interest rate for the remainder of the loan term. Please note that a maximum of two interest rate adjustments are possible over the course of the loan.
Are there any prepayment penalties for paying off the auto loan early?

At SCU Credit Union, we do not impose prepayment penalties. You are welcome to pay off your auto loan ahead of schedule without incurring any additional fees.
How do I apply for a loan at SCU Credit Union?

Applying for a loan at SCU Credit Union is simple! You can start by completing the online application or by visiting one of our branch locations.