Whether you’re an early bird or a night owl, we provide business lending on your schedule. Our online loan portal reduces the application process timeline by 23 hours or more – saving you precious time to focus on running your company.
Got your eye on a car, hybrid, truck, van, or motorcycle? Check out our eye-catching rates on new and used vehicles and apply for an auto loan today.
Buying your first car shouldn’t be stressful. Our deals will make you feel as good as your first ride.
What floats your boat? We have loans for a wide variety of recreational vehicles, including RVs, campers, jet skis, —and yes, boats.
Get pre-approved2 for a new or used car, truck, boat, or RV, and receive your loan check within one business day. Use this check at any dealer and it’s as good as cash, giving you maximum buying power.
With a PAL check you:
Discover a hassle-free experience with our Car Buying Service powered by TRUECar®.
*APR =Annual Percentage Rate
For all vehicle loans, collision and comprehensive insurance are required during the life of the loan.
Membership eligibility requirements must be met.
For auto loans, estimated payment per $1,000 borrowed is $29.56 for 36 months
1 Deferred payment option is available to all members. Payment deferral period is 90 days from the date of the loan until the first payment and may be slightly longer based on scheduled first payment. Deferring payments will result in greater interest accrued and paid for the first several loan payments.
2 No minimum credit score is required. Loan terms and borrowing limits apply. The maximum loan to value of new vehicles is 120%, used (prior year) is 110%, and older is 100% including taxes, title, and warranty. Not valid for Vehicles over ten years old. PAL loans not available for first-time buyer program and does not apply for Private Purchases. Cars not eligible can go through regular underwriting. Spectra Credit Union reserves the right to end this promotion at any time without further notice.
3 Between 1/1/21 and 12/31/21, the average savings off MSRP experienced by consumers who connected with a TrueCar Certified Dealer through a TrueCar-powered auto buying program and who were identified as buying a new vehicle from that Certified Dealer was $1,824. Your actual savings may vary based on multiple factors, including the vehicle you select, region, dealer, and applicable vehicle-specific manufacturer incentives, which are subject to change. The MSRP is determined by the manufacturer and may not reflect the price at which vehicles are generally sold in the dealer’s trade area, as many vehicles are sold below MSRP. Each dealer sets its own pricing.
4 Rates apply to new vehicles only. New vehicles are defined as current year (2022/2023) and prior year (2021) on which you are the original owner. Maximum loan to value of new vehicles is 120%, used (prior year) is 110%, and older is 100% including taxes, title, and warranty. For auto loans, the minimum amount to qualify for 84 month financing is $30,000. Estimated payment per $1,000 borrowed is $29.56 for 36 months. For recreational vehicles, the maximum term is 120 months for loans between $25,000 and $75,000. Maximum term is 180 months for loans between $75,000 and $100,000. The maximum loan term for loans greater than $100,000 is 240 months. Collision and comprehensive insurance is required on all vehicles during the life of the loan. Spectra Credit Union reserves the right to end this promotion at any time without further notice. Membership eligibility requirements must be met.
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