If you are looking for auto loans for a short-term period at competitive interest rates, then approaching a credit union could be your best bet. For those who are new to the concept of credit unions as financial institutions for borrowing money, it is important to know that these are formed by a group of people with some common link such as members of a church, business, etc. The members pool in their assets for the purpose of providing loans to any one of the members who need the money. Credit unions are becoming a favorite among those willing to buy cars on the basis of a loan as they are very convenient and pocket friendly.

Here are some of the top reasons due to which getting an auto loan from a credit union is a smarter choice today:

• Personalized attention: Credit unions being smaller organizations than other financial institutions offer faster services to their members and even accommodate minor changes in the scheme of repayment.  There is always some scope for a member to negotiate on the rate of interest and even to get some extra time for the repayment.
• Easy availability of car loans: Fluctuations in the economic status have made financial institutions quite aggressive when it comes to offering money for loans. However, credit unions are far more relaxed when it comes to giving auto loans to their members and are not affected by the economic conditions as they always have a good amount of funds and enjoy good relations with car dealers.
• Competitive rates of interest and relaxed terms and conditions: It is a well-known fact that the rates of interest offered by credit unions on auto loans are lesser than that of other financial institutions. These institutions are also flexible when it comes to their terms and conditions, as they are sensitive to any problems that their members could be facing in repaying the loan.
• Simple loan process: Getting an auto loan from a credit union is very simple and no longer requires a member to sit down with a loan officer to complete the formalities. You can apply for the loan at a participating dealership, over the phone and even online as per your convenience.
• Perks: Members of credit unions enjoy perks that other customers do not have access to such as low interest rates and special deals.

For cheap auto loans in Central Texas, visit us at Greater Central Texas Federal Credit Union. We are located at 3305 E Elms Road, Killeen, TX 76542. We can also be contacted at 254-690-2274.

There was a time when cars were counted amongst the luxurious products and only the high income earners could afford it. But these days, owning a car is no more a difficult task even for those belonging to middle or low income families. This has been possible only because of the auto loans. Auto loans help you in purchasing the car you have been dreaming about till now.

If you are planning to apply for a car loan, there are some important points which you to consider. These will make sure that you enjoy owning your dream car without any fear or hassles while repaying the loan amount. These points have been mentioned below:

• Know about the interest rate.
• Know whether the interest rate is fixed or variable.
• Know how much fees you will have to pay to the loan providing institution.
• Know how often you will make repayments i.e. semi-monthly or monthly.
• Know how long it will take to repay the loan.
• Know the total loan cost including fees and interest over the entire term of the loan.
• Know if you can make extra repayments without paying any penalty.
• Know about the penalties and surcharges behind the repayments.

Know whether you can pay out the loan early or not. If yes, what will be the fee involved?
Make sure you keep these points in mind while opting for an auto loan. You can choose from secured and unsecured car loan. The advantage of opting for secured car loan is that, the rate of interest is lower than that of an unsecured loan.

We at Greater Central Texas Federal Credit Union provide you with fastest and reliable secured auto loans. No matter you want to purchase a new car or a used one, we have solutions for all your loan needs. We offer you flexible loans to suit your financial compatibility.

For more details on secured auto loans and car financing, visit us at Greater Central Texas Federal Credit Union located at 3305 E Elms Road, Killeen, TX 76542. You can also call us at 254-690-2274.

Cheap Auto Loan - Secured Auto Loan