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$5,000
Min. Loan Amount
$30,000
Max. Loan Amount
2.89% (starting at)
APR
Min. Loan Amount | $5,000 |
---|---|
Max. Loan Amount | $30,000 |
APR | 2.89% (starting at) |
Interest Rate Type | Fixed |
Requirements | Member of Geico FCU |
To qualify for one of Geico FCU’s car loans, you must:
Geico FCU has auto loans to suit nearly every need. New and used cars may qualify for 100% financing — including taxes and tags. Loan terms last between 36–84 months. Depending on how old your used car is, however, you may not qualify for the longest loan terms.
Geico FCU offers a car buying service through a partnership with TrueCar that gives you access to a network of over 14,000 certified dealers. This tool can help you make your next purchase a smooth experience. You can compare prices, view different car features and find a suitable ride close to home — saving you time and money on your search.
Explore your options by minimum credit score, APR, loan term or requirements. Select the Go to site button for more information about a particular lender.
BBB accredited | No |
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BBB rating | C |
BBB customer reviews | 3.3 out of 5 stars, based on 3 customer reviews |
BBB customer complaints | 11 customer complaints |
Google Play Score | 4.3 out of 5 stars, based on 322 customer reviews |
Customer reviews verified as of | 16 October 2020 |
You won’t find much in the way of customer reviews online for Geico FCU. It’s difficult to draw any conclusions from its Better Business Bureau profile since there’s not even a handful of reviews and complaints. And it doesn’t have a Trustpilot page at all to draw from. You may want to talk to fellow members to get an idea of what it’s like working with Geico FCU if you don’t have a membership already.
To apply for a loan with Geico FCU, you must first become a member. The credit union only offers membership to current and retired employees of Geico and its subsidiaries, contract workers and their families.
To become a member, you’ll need to fill out a simple one-page form. Find this by visiting the Geico FCU site and hitting Join in the upper right corner. Complete the application and include at least two forms of identification when you bring it to your local Geico FCU branch.
Once your membership has been processed, you can apply for a new or used vehicle loan online by following these steps.
For the application, you’ll need to provide information about yourself, including your address, Social Security number, birth date, citizenship status, employment and income. If you’re applying with a coapplicant, you’ll need to submit information about them as well.
Once you submit your application, Geico FCU will review your information and check your credit. At this point, you’ll either be approved or denied.
If approved, you’ll need to submit a few more pieces of information:
Geico FCU also requires that you have your vehicle inspected before it issues your loan.
After you receive your loan funds, you can use them to pay for your car. Your loan contract should detail how much your monthly payment is, outline any fees you may have to pay and give you a payoff timeline. Signing up for autopay will help you score a 0.25% discount on your loan’s APR. From here, you can contact Geico FCU if you have any further questions about your loan or account.
Geico FCU has branches in the following cities:
Members of Geico FCU may benefit from the low rates and long terms offered for its new car loans. However, if you don’t qualify for membership or want longer terms when borrowing for a used car, you may want to look elsewhere. Visit our guide to car loans to learn more about how they work and compare lenders before making a final decision.
What if I want to finance another type of vehicle?
Geico FCU has personal loans to cover large vehicle purchases like boats and RVs.
Should I opt for gap insurance?
Use gap insurance as an add-on to your loan to cover the remaining balance if your car is stolen or totaled. It may be useful if you’re prone to accidents or live in an area with a high vehicle theft rate, and it generally cost $20 or $30 a year.
What rate discounts are available?
Geico FCU offers a rate discount of 0.25% for automatic payments or for people who hold a Geico auto policy. You can only apply one discount per loan.
How do I apply if I’m self-employed?
When you apply, you’ll need to submit copies of your bank statements and tax returns from the past two years.
Geico Federal Credit Union Auto Loan is not currently available on Finder
Have you considered LightStream Auto Loans?
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.