NIHFCU is saving me almost $100 a month on my auto loan payment.
Cara B.
Why Refinance?
Because You Could Save Money Each Month!
Rates have dropped in recent months. If you financed your vehicle in the last few years, there’s a good chance that you could save some cash on your monthly payment.
In fact, according to National Credit Union Association data, the average rate for a new car loan (5 years) is 27% less at a credit union vs. a traditional bank. For a $30,000 that is a savings of nearly $1,700 in interest payments. Now, that is serious cash!
"I was able to lower my car payment to help afford my master’s! I feel NIHFCU cares about me, allowing me to pursue my passions."
Devin D.
Every Biomedical Professional Needs to Know NIHFCU
We’re a financial institution designed specifically for you. Plus, as a credit union, we are a not-for-profit. That means we use our profits to offer biomedical professionals, like you, great rates and lower fees. Want to know more? Hear it directly from your peers who use NIHFCU.
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Annual Percentage Rate = APR and subject to change without notice. Refinanced auto loan must be booked by June 30, 2026, to qualify for this offer. The lowest available APR cannot fall below NIHFCU’s lowest prevailing rate at the time of the refinance, currently 4.24%. Should you elect automatic debit loan payments from an NIHFCU savings or checking account, a rate discount of 0.25% will be included in your approved rate, and the 2% maximum non-NIHFCU auto loan rate reduction. The lowest APR available of 4.24% applies to loan applicants with excellent credit. This offer is not valid on loans currently financed with NIHFCU. To qualify for this offer, the vehicle must be a 2020 model year or newer, have a minimum loan balance of $10,000.00, and have no late payments on the loan being refinanced for the past 9 months. Applicants who do not qualify for this offer can still apply for refinancing with standard underwriting. Final rates and terms for approved applications depend on type of collateral, credit, and payment history, payment method, and other factors that may be lawfully considered. Payment example: Loan amount of $20,000 at a rate of 4.24% APR for 36 months would have monthly payments of $592.62. NIHFCU membership in good standing is required for loan disbursement.
A deferral of up to 90 days for your first payment may be available on certain vehicle loans, as determined by the credit union. Deferring a payment will delay the payoff of your loan, and result in additional finance charges if you only make minimum payments. You need to make up the deferred payments. If the credit union agrees to a deferral, additional restrictions may apply.
Skipping a payment will delay the payoff of your loan, and result in additional finance charges if you only make minimum payments. You need to make up for the payment skipped. Auto loan skip-a-pay program is subject to change at any time; restrictions apply. Complete the Payment Vacation form to enroll.
All information as of March 1, 2026 and subject to change or cancellation at any time.