Auto Loans

Loans are available on new and used automobiles.


Loan application must be submitted accompanied by a purchase agreement (contract), including:

  • Year of vehicle
  • Make & model of vehicle
  • Vehicle identification number
  • Name, phone number and complete address of seller

Ukrainian National Federal Credit Union is to be listed as first lien-holder on title and title must be kept on file at the Credit Union until the loan is paid in full. Must show proof of insurance coverage prior to issuing of loan check. Must have full insurance coverage, including fire, theft, comprehensive, and collision, with the Credit Union listed as loss payee on the policy. The loss payee clause of the insurance policy must be sent to the Credit Union office. Depending on the type of loan taken, there is a non-refundable fee required upon submitting paperwork for processing.

The member must submit a copy of each of the following:

  • Last pay stub
  • Driver's license
  • Most recent telephone or utility bill (electric, gas, cable, etc.)

A minimum of $100.00 must be maintained in the member's share account until the loan is paid in full.
New cars will be financed up to 90% of purchase price of the vehicle excluding taxes and registration fees.
Used cars will be financed up to 85% of book value of the vehicle.
Members must reside in either the New York metropolitan area or New Jersey.

New Car Loans

Term Rate As Low As Comments
Up to 5 years 7.00% ** 10% down payment
7 years (Minimum loan balance of $40,000.00) 7.25% ** 10% down payment

Used Car Loans (Maximum age of car - Last 5 Model Years)

Term Rate As Low As Comments
Up to 5 years 8.00% ** 15% down payment

Commercial Vehicles

Term Rate As Low As Comments
Up to 4 years (Maximun loan amount - $45,000.00) - New 9.50% 25% down payment
Up to 4 years (Maximun loan amount - $45,000.00) - Used 11.50% 25% down payment

* Rates as of January 19, 2024. Rates are subject to change without prior notice.

** Rates are based on creditworthiness, loan-to-value (LTV) and loan purpose, so your rate and terms may differ. All loans are subject to credit approval.

To find out more about Auto Loans please call our toll free number (866) 859-5848 or Contact Us. Or Call your local branch.