Auto Loans + $200 Cash Bonus!

Eliminate bumper-to-bumper stress with low auto loan rates, flexible term options, and no-hassle auto financing.
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Finding the right car can be complicated. Financing it doesn’t have to be.

Show your budget some love with our low-rate auto loans. Plus, because of our partnership with the Penn State Alumni Association, you’re eligible for a $200 cash bonus* when you meet promo requirements. For complete rules and details, see below.

More savings

Lower car loan rates leave dealership offers in the rear view.

More flexibility

Whether you need loan terms for 12 months or 120, we’ve got you.
More delight

Our preapproval is valid for 60 days. Giving you time to find the right set of wheels.
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Crunch the numbers on your payment.

We make financing your new – or new-to-you – vehicle a breeze. Once you’ve found the auto loan payment that fits your budget and apply online, you’ll receive a quick loan decision.

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Before you hit the road...

  1. Apply Online- The auto loan application process can be completed in as little as 20 minutes.
  2. Get prequalified- Most qualified applicants get a same-day loan decision, if not within minutes after applying. That preapproval is valid for 60 days.
  3. Find your ride & close the deal- Whether through a dealership or a private party, you will be ready to finalize the sale.
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Current Rates

Valid as of 10/22/2021 10:47 PM EDT 
Term APR* Monthly Payment Value (Minimum) Loan Amount (Minimum)
1-36 Months 2.49% $28.86/per $1000.00 $3,000.00 $1,000.00
37-48 Months 2.99% $22.13/per $1000.00 $6,000.00 $1,000.00
49-60 Months 2.99% $17.97/per $1000.00 $8,000.00 $1,000.00
61-72 Months 2.99% $15.19/per $1000.00 $12,000.00 $1,000.00
73-84 Months 3.24% $13.33/per $1000.00 $20,000.00 $1,000.00
85-120 Months 7.74% $12.01/per $1000.00 $40,000.00 $40,000.00

*APR denotes Annual Percentage Rate

Rates reflect a .25% Annual Percentage Rate (APR) reduction for Automatic Payment Service and loan amounts up to 100% of the retail value of the vehicle. Your rate will increase if you discontinue Automatic Payment Service. PSECU will charge an additional 2% to the current interest rate when financing a vehicle for more than 100% and up to 120% of the retail value, and an additional 3% to the current interest rate when financing a vehicle for more than 120% and up to 130% of the retail value. PSECU will only finance up to 100% of the retail value of the vehicle for refinance of an existing PSECU vehicle loan. Monthly payment example: 36 monthly payments of $28.86 per $1,000 borrowed at the 2.49% APR or 60 monthly payments of $17.97 per $1,000 borrowed at the 2.99% APR. The Manufacturer's Suggested Retail Price determines new vehicle values; Kelley Blue Book® or other authorized guides determine used vehicle values. Minimum value is $3,000. Monthly payment examples are representative of the maximum term for the corresponding rate per $1,000 borrowed. Your payment may be different from the examples shown. PSECU makes all final decisions regarding vehicle value and proper rate. Rates, terms, and information are subject to change. Kelley Blue Book® is a registered trademark of the Kelley Blue Book Co., Inc.

Belong to something bigger

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Penn State Alumni Association membership is open to anyone with Penn State pride. Networking is one key benefit of the association. Money-saving discounts are right up there, too. You’ll also save money with PSECU. Because of our partnership, when you join PSECU, the Penn State Alumni Association benefits, too. To learn more about the Penn State Alumni Association, visit alumni.psu.edu/membership.

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Membership Dues
When you join PSECU, the Penn State Alumni Association benefits, too. We’ll pay the first year of Penn State Alumni Association membership dues for applicants who are not yet members of the association.
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Partnership
We’re proud of our partnership with the Penn State Alumni Association. Like the association, we work hard for our members, day in and day out, always striving to help them achieve more.
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Shared Passion
Both PSECU and Penn State have deep Pennsylvania roots, yet also look outside our borders to improve lives and better communities.

FAQs

An AutoDraft is a blank check for your preapproved amount, valid at any authorized dealership. An AutoCheck, however, is made out to a specific individual seller for the exact amount of purchase.
Refinancing your car loan from another lender with PSECU may help you save money by reducing your interest rate, decreasing your monthly payments or both. You can use the loan calculator above to crunch the numbers on your payment.
Your first payment will be due within 30 days from the date of your vehicle purchase. 

Some guidance for the road.

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7 Important Things to Consider Before Buying a New Car

If you’re in the market for a new vehicle, you probably have several questions. Whether you’re wondering how to decide which car to buy or...

Read the full article >

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Disclosures

*$200 Alumni Auto Loan Cash Offer: To receive $200, members must: establish a Qualifying Direct Auto Loan with PSECU between 4/1/21 and 12/31/21 and satisfy all requirements. This offer is limited to one (1) cash bonus per PSECU member account. This is a one-time promotional offer and is limited to PSECU members opening a new Qualifying Direct Auto Loan through the designated PSECU promotional offer page.
  1. Participant must be a member of PSECU. If Participant is not currently a PSECU member, Participant must apply for membership and join PSECU, and comply with all $200 Alumni Auto Loan Cash Offer requirements. The Participant must establish a Qualifying Direct Auto Loan during the promotional period of 4/1/21 through 12/31/21.
  2. Participant must be a U.S. Resident.
  3. Promotional offer open to persons 21 years of age or older at the time he/she establishes a Qualifying Direct Auto Loan through the designated PSECU promotional offer webpage.
  4. Qualifying Direct Auto Loan is defined as an approved and funded AutoDraft, AutoCheck, or auto rollover loan of at least $7,500 and excludes refinancing of a current PSECU auto loan.
  5. The recipient of the $200 Cash Offer is solely responsible for payment of applicable taxes on that amount. If you have any questions, please seek the advice of a qualified tax professional.
  6. Payment of the $200 Cash Offer will be deposited into the Regular share within 60 days after the requirements are satisfied.
  7. The member must be in good standing, as defined by PSECU's Bylaws Article II, Section I, to receive the $200 Cash Offer.
  8. All decisions of PSECU regarding this promotional offer are final. PSECU may terminate or change the terms and conditions of this promotion without notice.
  9. Employees, agents, and officials of PSECU, and immediate family members of any of these, are not eligible for this promotional offer.
  10. Subject to all applicable federal, state, and local laws and regulations.


ABOUT THE $200 ALUMNI AUTO LOAN CASH OFFER: From 4/1/21 to 12/31/21, PSECU is running a Promotion for those who establish a Qualifying Direct Auto Loan by using the designated PSECU promotional offer page. To receive $200, members must establish the Qualifying Direct Auto Loan between 4/1/21 and 12/31/21 and satisfy the promotion requirements. PSECU will deposit $200 into the Regular share within 60 days after the requirements are satisfied. A $5 minimum Regular share balance is required to be eligible to receive the $200, and the PSECU member must be in good standing as defined by PSECU's Bylaws, Article II, Section 1. The Annual Percentage Yield on PSECU's Regular share account is 0.05%. This variable rate is current as of 10/22/2021 10:47 PM EDT and may change. Withdrawals and fees may reduce earnings on the account.