Lending
Vehicle Loans, Personal Loans, Credit Cards and Lines of Credit
Great rates and a variety of options await. DOCFCU provides the funds you need—without the fees and hassles you don’t.
Lending
Vehicle Loans - New/Used/Refinance
An auto loan from DOCFCU can help you drive a hard bargain. Whether you are looking to purchase a new or used vehicle, or refinance your existing auto loan to save money, our low rates and value-added services can make a big difference.
* APR=Annual Percentage Rate. Vehicle Rates, as low as 5.99% and max 15.50% APR with terms up to 84 mos. Loan terms and min amts: 60 mos/$10,000, 72 mos/$15,000, 84 mos/$30,000 and $125,000 max. New & Used – Model Years 2020 and newer with less than 60,000 miles. Year-End Sale is 12/15/2024-1/15/2025 ONLY and may be withdrawn without notice. No Relationship Rewards interest rate discounts apply. Existing DOCFCU vehicle loans are not eligible for refinancing, only loans from other lenders. Other may restrictions apply, contact us for details.
- Up to 125% loan-to-value (LTV) on new and used financing*
- Financing on vehicle models 10 years old and newer only
- Quick approvals (Within 24 hours or less)
- Rate matching available to qualified members
- Relationship rewards discounts (cannot be combined with match rate)
- Free Autocheck for used vehicles with loan application
*Other rates and terms may apply based on your creditworthiness.
DOCFCU Car Buying Service, Powered by TrueCar™
We will also give give a member .25% off of the rate if they use True Car and provide us with the certificate of purchase.
Rates
Vehicle/Truck Loans | New as low as APR* | Used as low as APR* | 36 Months | 5.60% | 5.75% |
|---|---|---|
48 Months | 5.85% | 6.15% |
60 Months | 6.50% | 6.60% |
72 Months – 100% financing* ($20,000 min.) | 6.75% | 6.99% |
84 Months – 100% financing ($40,000 min.) | 7.50% | 7.75% |
96 Months (New only) – 100% financing ($60,000 min.) | 8.99% | NEW ONLY |
Disclosures and Definitions: The advertised “as low as” annual percentage rates (APRs) are based on exceptional borrower credit histories. Your actual APR may vary and will depend on various factors, including your credit profile, vehicle model year, loan term, and amount. Rates are subject to change.
New Vehicles: New and late model used vehicles (less than 1 year old) with 5,000 or fewer miles. Loan terms exceeding 84 months are only available for new vehicles with less than 5,000 miles with a minimum loan amount of $40,000.
Used Vehicles: Vehicles older than 1 year old, no greater than 10 years old, with more than 5,000 miles, but no more than 150,000 miles. Loan terms exceeding 72 months are available only for vehicles with less than 60,000 miles, less than 4 years old, with a minimum loan amount of $30,000.
Motorcycle Loans | New as low as APR* | Used as low as APR* | 36 Months
| 7.29% | 7.29% |
|---|---|---|
48 Months | 7.99% | 7.99% |
60 Months | 8.79% | 8.79% |
72 Months
| 9.49% | 9.49% |
Disclosures and Definitions: The advertised “as low as” annual percentage rates (APRs) are based on exceptional borrower credit histories. Your actual APR may vary and will depend on various factors, including your credit profile, vehicle model year, loan term, and amount. Rates are subject to change.
New Motorcycles: New and late model used Motorcycles (less than 1 year old) with 5,000 or fewer miles.
Used Motorcycles: Motorcycles older than 1 year old, no greater than 10 years old, with more than 5,000 miles, but no more than 150,000 miles.
RVs, Boats, Campers & Trailers | New as low as APR* | Used as low as APR* | 60 – 120 months
| 8.75% | 8.99% |
|---|---|---|
120 – 144 Months | 8.99% | 9.25% |
144 – 180 Months | 9.50% | 9.50% |
Disclosures and Definitions: The advertised “as low as” annual percentage rates (APRs) are based on exceptional borrower credit histories. Your actual APR may vary and will depend on various factors, including your credit profile, vehicle model year, loan term, and amount. Rates are subject to change.
New RVs, Campers, and Boats: New and late model used RVs, Campers, and Boats: (less than 1 year old) with 5,000 or fewer miles.
Used RVs, Campers, and Boats: RVs, Campers, and Boats older than 1 year old, no greater than 10 years old, with more than 5,000 miles, but no more than 150,000 miles.
Auto Loan Calculators
Use our calculators to help you estimate your monthly payments.
Additional Services
There’s more to a smart deal than a good price. That’s why we offer a variety of additional programs and tools to help you both purchase wisely and protect your investment.
GAP Insurance to Protect Your Loan
Guaranteed Asset Protection (GAP) insurance helps ease your financial burden by paying the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle.
To learn more, please contact us at (202) 808-3600 or by using the Email Us form.
Additional Services
Extended Vehicle Service
Most major auto repairs occur after the factory warranty period ends. Without an extended warranty, you may wind up paying for unexpected and expensive repairs. As a result, extended coverage for auto repairs has become a necessity. Department of Commerce Federal Credit Union offers extended warranty services to provide you with a more affordable means of protection for your new or eligible pre-owned vehicle.
To learn more, please contact us at (202) 808-3600 or by using the Email Us form.
Lending
Personal Loan
A personal loan from DOCFCU can be used for any reason – and with our competitive rates and fixed monthly payments, it can be a smart way to save while you borrow the money that you need.
- Borrow from $250 to $50,000 with competitive rates and fixed monthly payments
- Flexible terms up to 72 months
- Easy online application
- No annual fees or pre-payment penalties
*APR = Annual Percentage Rate. Rates and terms may vary based on creditworthiness. Rates are subject to change.
* APR=Annual Percentage Rate SPECIAL ends 12/31/2024, as low as 9.0% with 6 – 24 month terms, with minimum loan amount of $600 up to $6,000.
Offer may be withdrawn without notice. Must be an existing DOCFCU member for 3+ months and rate/approval based on evaluation of credit. No Relationship Rewards interest rate discounts apply. Existing DOCFCU loans/debts are NOT eligible for special rate. Other restrictions may apply, contact us for details.
Personal Line of Credit
Borrow what you need, when you need it, without having to reapply. Get convenient access to funds when accidents and emergencies happen. You never know when you might need a little extra money.
- Immediate access to funds with amounts from $250 to $50,000
- No annual fee
- Link to your checking account for overdraft protection
- Transfer funds from your line of credit to your checking account
- As low as Rate: 13.75% APR*
*APR = Annual Percentage Rate. Rates and terms may vary based on creditworthiness. Rates are subject to change.
Rates
Effective: 3/11/2020
Personal Loans | as low as |
|---|---|
12 Months | 9.39% |
24 Months | 9.89% |
36 Months | 10.40% |
48 Months | 10.89% |
60 Months | 11.40% |
72 Months | 11.89% |
Line-of-Credit (LOC – includes overdrafts) | 13.75% |
Lending
Credit Cards
JUST SAY “NO” TO FEES! With competitive rates and no annual fees – or fees for balance transfers or cash advances – a DOCFCU credit card can help you save while you spend.
- No annual fee
- No balance transfer fees – consider consolidating other credit card debit into one low rate
- No cash advance fee
- Low fixed interest rate
- EMV CHIP ENABLED for security
- EMV/Contactless Cards
- VISA Pre-Disclosure PDF
Rates
Credit Cards | APR as low as* |
|---|---|
VISA Credit Card – Classic | 17.99% |
VISA Credit Card – Gold | 15.99% |
VISA Credit Card – Platinum | 10.99% |
Applying is easy. Click here to apply online or call 202.808.3600. Based on your credit rating, we’ll issue you a Classic, Gold or Platinum DOCFCU credit card.
*APR – Annual Percentage Rate
Lending
Emergency Loans
We can offer you relief during tough times, with our Emergency Loan.
We understand that unexpected things happen. If you have been affected by an unplanned emergency/disaster, such as hurricane, flood, fire, furlough or eviction, we can help.
- Get a low 11.99% APR*
- Borrow amounts up to $5,000
- No payments for first 60 days**
- Terms up to 24 months and no repayment penalties
- Must be a member for at least 6 months
Lending
Payday Alternative Loan (PAL)
We’re here to help when emergencies happen, and you need cash right away. A Payday Alternative Loan can help you avoid traditional high-cost short-term payday loans.
- $200 – $2,000 loan amounts
- Up to 6 months to repay a loan amount up to $1,000 or less
- Up to 12 months to repay a loan amount between $1,000 – $2,000
- Fixed interest rate of 28%
- Must have direct deposit coming to the account for at least 30 days
- Must be a member for at least 90 days
- Member can only have 3 PALs in a 12-month period
- Limit of one PAL per member outstanding at a time
- $20 application fee