Vehicle Insurance Loan
Secure Your Journey.
Explore Our Vehicle Loan Products to Find Your Perfect Fit.
Vehicle Loan
New Vehicle Loan
Eastern Credit Union is committed to helping you turn the dream of owning a brand-new vehicle into reality. Our new vehicle loans are designed to make your experience simple, affordable, and stress-free. With competitive interest rates calculated on a reducing balance, you benefit from attractive monthly payments that fit comfortably within your budget.
If you’re exploring how to finance a new car or if you’re ready to apply for a new car loan, we’re here to support you every step of the way. Our goal is to ensure your journey to owning a new vehicle is smooth, budget-friendly, and confidence-boosting, so you can hit the road in style, backed by a financial partner you trust. Additionally, we offer:
- Flexible Loan Durations: Loan terms of up to a maximum of 84 months (7 years) are tailored to match your financial timeline.
- Member Share Requirement: Depends on your relationship within the credit union, credit history, and the purpose of the loan
Roll-On/Roll-Off & Used Vehicles Loan
Eastern Credit Union has got you covered. Our competitive interest rates allow you to enjoy an attractive monthly rate on the reducing balance, ensuring affordability for Roll-On/Roll-Off & Used Vehicles ranging from 1 to 6+ years, making quality transportation accessible. You can trust us to make your vehicle ownership experience hassle-free and rewarding.
| Vehicle Age | Term |
|---|---|
| 1-2 years | Up to 96 months (8 years) |
| 3 years | Up to 84 months (7 years) |
| 4 years | Up to 72 months (6 years) |
| 5 years | Up to 60 months (5 years) |
| 6 years | Up to 48 months (4 years) |
| Over 6 years (*) | Age of vehicle and term not to exceed 10 years |
General Required Documents for Loan Application
- Current Job letter.
- Recent salary slip.
- Two forms of ID.
- Utility Bill or Bank Statement
(Members without a utility bill/bank statement in their name are advised to provide a letter from the addressee on the utility bill confirming their address & valid copy of their ID).
Additional Required Documents for Loan Application
- Certified Copy of Registration.
- Vehicle Appraisal.
(Twin Isle Adjusters: 640-8300, Motor Critic: 628-8554, Cariclaims: 625-9080) - Comprehensive Insurance from Maritime.
Ready to Finance Your Vehicle?
Take the first step towards driving your dream car today! Apply now for our Vehicle Loan and enjoy seamless financing solutions tailored to your needs. Simply fill out the form below, select your preferred branch, and let us help you hit the road with confidence!
Explore Further: Discover More of Our Vehicle Loans
Maxi Taxi Loan
Empower Your Transport Business: Maxi Taxi Loan.
Quick Loan Calculator
Utilize our Quick Loan Calculator to estimate your monthly payments and find the perfect fit for your budget.