A dream does not cost anything. But if you are struck up with bad credit, then it is likely that most of your dreams will be hard to realize. Bad credit affects your ability to get loans for cars, home or even business. So in times of need, you might have to borrow money or get it at very high interest rates. Such a situation can be troublesome and frustrating.

While most of the lenders do not provide loan to people with bad credit score, we here at Greater Central Texas Federal Credit Union endeavor to provide loans to the people who have bad credit you without making them toil for it. If you are someone who has been turned down over and over again due to bad credit then you have been to all the wrong places, we must say. For when it comes to bad credit loans you can never find from a better place than Greater Central Texas Federal Credit Union.

We provide you a hassle free and easy way that can help you buy your dream car. All you are expected to do is to follow a simple process. You just have to visit us or give us a call and we will let you know all the requirements that have to be met for seeking a loan. Most of the lenders who give out loans to people with bad credit charge huge interest rates, while we at Greater Central Texas Credit Union provide the same at a much reasonable rate. If you have a bad credit, you do not have to shell out high monthly installments to us.

While bad credit is usually seen as a problem case by most lenders, we believe otherwise. Our work is to help you fulfill your dreams and assist you in driving your favorite car. Our work involves hassle free money lending at no extra cost.

For all those who are tired of looking for bad credit car loans, we are just a phone call away. For more details on auto loans you can contact us at Greater Central Texas Federal Credit Union, 3305 E Elms Road, Killeen, TX 76542 or call 254-690-2274.

Cheap Auto Loan - Lowest Used Car Loan

A 72-month car loan is among the longest loan terms offered by any lender, and is vastly different from a conventional car loan with a shorter term. The basic advantage offered by such a loan is that it helps to keep payments low, which is especially important for people with a limited household budget. Even though the borrower may end up paying more eventually, these budgeted payments help to control the monthly expense, helping not to break the bank.

Another advantage offered by such a loan is that it gives the borrower more time to keep the car, during which they can generate additional income from the vehicle, hence having greater control on making timely payments. Moreover, most lenders offering 72-month auto financing in Texas also offer the option of refinancing, if you eventually wish to do so. In this way, you can benefit from changes in the country’s prime lending rate despite opting for a long-term car loan.

Such a loan is especially beneficial for someone with a fixed income and small savings, for whom a car is the single investment they intend to make over a long period. In that case, a 72-month auto loan is a good option, since it is your only financial liability. If you are looking for a cheap 72-month auto loan in Texas, your local credit union could be your best option. Credit unions, being member-owned, not-for-profit financial institutions offer the lowest interest rates for all types of used and new car loans. The rates for 72-month loans at credit unions are definitely the lowest available.

Even if you are not yet a member of a credit union, joining one is very simple, with their easy membership criteria. The basic requirements that you need to qualify for a 72-month auto loan include a good credit score, a large down payment, and a proof of income.

Considering that the lender is relying on you to make regular, solid payments for a 6-month period, it is understandable for them to be looking for people with a good payment history. Having enough money to put down for your initial payment can go a long way in bringing down the interest rate on your loan. Finally, you need to establish a regular income to ensure the lender of your ability to make long-term payments.

Financing your next car through a credit union is a great option if you are looking for a cheap auto loan. With more than 7,700 credit unions across America, credit unions are the financial institutions of choice for car buyers, thanks to the favorable loan terms and low interest rates offered by these lenders.

Greater Central Texas Federal Credit Union (GCTFCU) is a credit union based in Texas, which has been serving Texans since its establishment in 1957. The great thing about getting a credit union auto loan is that these institutions are owned by the members, making them not-for-profit organizations.

All the proceedings that are earned by way of interest are returned back to the members in the form of low-interest rates. GCTFCU does not charge any monthly service charges from its members, and has no minimum balance required for membership. If you are looking for the lowest used car loan in Texas this could be just what you need, with interest rates on used cars being as low as 5.99%. This credit union offers competitive interest rates on new cars as well, with interest rates averaging around 3.99%.

While the process followed to obtain a car loan from this credit union and a bank is very similar, the major advantage that the former offers is being community-oriented. This means that if for any reason you are unable to make a payment at some point during the loan period, you can expect the credit union to work with you to find a way around it, which is contrary to the rigid approach followed by banks. For instance, GCTFCU offers a “skip-a-payment” option to its members, whereby they can skip a single loan payment in case of a rough financial patch.

In addition to getting a cheap auto loan with flexible terms, being a member of GCTFCU also comes with several added advantages. These include payroll deduction, direct deposit, ATM, wire transfer, online access, MasterCard cash advance, notary service, etc. We also make an effort to help you in achieving your financial goals through a variety of easy saving and investment options. Choosing to get a used or new auto loan from us puts you at the advantage of having pre-approval for the loan, flexible terms (48-72 months), the option of refinancing, and competitive interest rates.