Drive Down Your Auto Payment and Cut Your Rate in Half!

Down to 5.5% APR Floor Rate!

Cut your current auto loan interest rate in half when you refinance with GHS Federal Credit Union and put money back in your pocket each month.

Ready to drive down your auto payments and take control of your budget? Refinancing your auto loan with GHS Federal Credit Union could mean significant monthly savings with rates as low as 5.5% APR. Our easy application process and budget-friendly options make it simple to reduce costs and enjoy more financial freedom. Stop overpaying and start saving—refinance with GHS today and see how much you could save!

Loan Features

  • Members and perspective members can refinance an auto loan that is not a current GHS loan. Current GHS auto loans are subject to standard procedure if the member is interested in refinancing.

  • Rates below 5.5% APR are not available, and this rate is not guaranteed. Individual applications will be determined during the application process

  • LTV shall not exceed 125% of the vehicle’s value.

  • Maximum secured loan amount is $60,000, with a term of up to 84 months.

 

FAQ

Will GHS match my rate on a new vehicle?

While GHS Federal Credit Union strives to have competitive rates in our area, rate matching is not currently offered for new auto loans. Drive Down is designed to refinance current, non-GHS loans with a higher interest rate than what’s currently offered.

Who is eligible for this promotion?

Members and non-Members alike are able to apply for this loan, however GHS membership with a $1.00 minimum deposit and a $1.00 membership fee is required in order for a new loan to be funded.

What is LTV?

LTV, or loan-to-value ratio, is a percentage that compares the amount of money being borrowed to the value of the collateral. Lenders use LTV ratios to assess a borrower's risk and determine eligibility for a loan, the size of the loan, and the interest rate. The 125% LTV for Drive Down assesses how much the loan can be funded for in correlation to the value of the vehicle. 

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