Introduction
Welcome to our guide on Keesler Auto Loan Rates! If you’re in the market for a new car or looking to refinance your existing auto loan, you’re in the right place. In this guide, we’ll cover everything you need to know about Keesler Federal Credit Union’s auto loan rates, how to get the best deal, and what to consider before signing on the dotted line. Whether you’re a first-time car buyer or a seasoned pro, this guide will provide you with the information you need to make an informed decision.
Before we dive in, let’s take a look at Keesler Federal Credit Union’s history and values. Keesler was founded in 1947 as an organization dedicated to serving the financial needs of military personnel and their families. Today, Keesler has grown into a full-service financial institution with over 250,000 members and over $3 billion in assets. Keesler’s mission is to help its members achieve financial success by providing superior products and services, and that includes its auto loan rates.
Who is Keesler Federal Credit Union?
Keesler Federal Credit Union is a credit union that was founded in 1947 to serve military personnel and their families. Today, Keesler has over 250,000 members and over $3 billion in assets. Keesler’s mission is to help its members achieve financial success by providing superior products and services, including auto loan rates.
How do Keesler Auto Loan Rates Compare?
When it comes to auto loan rates, Keesler Federal Credit Union is competitive with other lenders in the industry. Keesler’s rates are often lower than those of traditional banks and other financial institutions. Additionally, Keesler offers a variety of loan terms, ranging from 12 to 84 months, to fit the needs of its members.
Loan Term |
Interest Rate (APR) |
|---|---|
12-36 months |
1.74%-6.14% |
37-60 months |
1.99%-6.64% |
61-84 months |
2.74%-7.89% |
What are the Requirements for a Keesler Auto Loan?
In order to qualify for a Keesler Auto Loan, you must be a member of Keesler Federal Credit Union. Membership eligibility includes military personnel and their families, as well as civilian employees of the Department of Defense and their families. Additionally, you will need to provide proof of income and employment, as well as a credit check. Keesler may also require a down payment on your loan.
What Should I Consider Before Choosing a Keesler Auto Loan?
Before choosing a Keesler Auto Loan, it’s important to consider your budget, your credit score, and your overall financial goals. You should also consider the length of the loan term, the interest rate, and any fees associated with the loan. Be sure to shop around and compare rates from multiple lenders to ensure you’re getting the best deal possible.
FAQs
1. How do I become a member of Keesler Federal Credit Union?
To become a member of Keesler Federal Credit Union, you must meet certain eligibility requirements. These include being a military member or family member, a civilian employee of the Department of Defense, or a family member of a current Keesler member. You can apply for membership online or at one of Keesler’s branch locations.
2. Can I apply for a Keesler Auto Loan online?
Yes, you can apply for a Keesler Auto Loan online through Keesler’s website. The application process is simple and straightforward, and you can receive a decision on your loan in just a few minutes.
3. What is the minimum credit score required to qualify for a Keesler Auto Loan?
Keesler does not list a minimum credit score requirement for its auto loans. However, your credit score will be a factor in determining your interest rate and loan terms.
4. Can I refinance my existing auto loan through Keesler Federal Credit Union?
Yes, Keesler offers auto loan refinancing for existing loans. Refinancing your auto loan can help you save money on interest and lower your monthly payments.
5. How long does it take to get approved for a Keesler Auto Loan?
The approval process for a Keesler Auto Loan typically takes just a few minutes. You can apply online or in person at one of Keesler’s branch locations.
6. Does Keesler offer any discounts on auto loan rates?
Yes, Keesler offers several discounts on auto loan rates, including a 0.25% discount for setting up automatic payments and a 0.50% discount for purchasing a vehicle that is less than two years old. Members who have a Keesler checking account can also receive an additional 0.25% discount.
7. Are there any fees associated with Keesler Auto Loans?
Keesler does not charge any fees for applying for or processing an auto loan. However, there may be fees associated with late payments or early repayment of your loan.
8. What is the maximum loan amount for a Keesler Auto Loan?
The maximum loan amount for a Keesler Auto Loan is $100,000.
9. Can I use a Keesler Auto Loan to purchase a used car?
Yes, Keesler Auto Loans can be used to purchase both new and used cars.
10. Can I finance a car through Keesler if I don’t have a down payment?
Keesler may require a down payment on your auto loan, depending on your creditworthiness and the value of the vehicle you are purchasing.
11. Are there any prepayment penalties for Keesler Auto Loans?
No, there are no prepayment penalties for Keesler Auto Loans. You can pay off your loan early without incurring any additional fees.
12. How can I make a payment on my Keesler Auto Loan?
You can make a payment on your Keesler Auto Loan online or in person at one of Keesler’s branch locations. You can also set up automatic payments through Keesler’s website.
13. What happens if I miss a payment on my Keesler Auto Loan?
If you miss a payment on your Keesler Auto Loan, you may be charged a late fee. Additionally, missing payments can negatively impact your credit score and make it more difficult to obtain credit in the future.
Conclusion
Now that you know everything there is to know about Keesler Auto Loan Rates, it’s time to take action. If you’re in the market for a new car or looking to refinance your existing auto loan, consider Keesler Federal Credit Union. With competitive rates, flexible loan terms, and excellent customer service, Keesler is a great choice for anyone looking for an auto loan. Remember to shop around and compare rates from multiple lenders to ensure you’re getting the best deal possible.
If you have any questions or would like to begin the application process, visit Keesler’s website or speak with a representative at one of their branch locations. We hope this guide has been helpful in your search for the perfect auto loan!
Closing Disclaimer
This guide is for informational purposes only and does not constitute financial advice. We recommend consulting with a financial advisor before making any financial decisions. Additionally, rates and terms are subject to change at any time. Please visit Keesler’s website for the most up-to-date information.