Jump Start Auto Loan
Jump into your first auto loan with AFCU! Arkansas Federal knows how difficult it can be to get your first loan and has specifically developed the Jump Start Auto Loan with students in mind.
How Do I Qualify for a Jump Start Auto Loan?
- Must be 18 years of age
- Have one (1) month job history with proof of income
- No previous auto loan
- No derogatory credit
- Complete AFCU Beginners Guide to Credit & Financial Quiz
Credit Education
Establishing and understanding credit is one of the most difficult parts of a young person's life and AFCU wants to insure that ALL of our 1st time auto buyers start off on the right financial foot. As part of the Jump Start Auto Loan we have developed a Beginners Guide to Credit to help guide you through the dizzy world of credit. Once you have read the Beginners Guide to Credit complete the Financial Quiz, with a passing grade of 80% you can receive an additional rate reduction on your auto loan (not to exceed a combined .65%).
How Do I Make Payments?
Loan payments can be made effortlessly by:
- Online Account Access
- Mobile.AFCU.org
- 24-Hour Touch Tone Teller
- ATM
- Mailing your payment to the credit union
- Visiting a teller station at any Arkansas Federal branch
Debt Cancellation - Prepare for the Unexpected
Many events in life come unexpectedly; with AFCU's debt cancellation you can protect your family from the unexpected. By purchasing AFCU's low-cost debt cancellation protection, you would have the peace of mind that your family would be covered in the event that you were to become unemployed, disabled or if an unexpected death were to occur.
Debt cancellation works by cancelling some or all of your debt when a protected event does occur. This flexible protection plan will allow you to choose from coverages that best fit your lifestyle.
Fees for debt cancellation protection are calculated and applied monthly to the decreasing balance of your loan. You only pay for what you need. Protect yourself against that unforeseen event.
What Debt Cancellation does for You:
- Makes your loan payments
- Protects your credit rating
- Prevents late fees
- Prevents repossessions of property
For additional information regarding AFCU's debt cancellation contact a Call Center representative at 501-982-1000 or 800-456-3000 or by visiting one of our convenient branch locations.
Guaranteed Asset Protection (GAP) Insurance
Arkansas Federal Credit Union is now pleased to offer GAP insurance to our members.
Most cars depreciate by thousands of dollars as soon as they are purchased. And if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, you will still be liable to pay the difference: the "gap" between the insurance settlement and your loan balance.
Guaranteed Asset Protection (GAP) helps cover the difference between your primary insurer's settlement and the loan balance on items directly related to the purchase of the vehicle such as the purchase price of the vehicle, registration, licensing fees, and upgraded equipment. Click Here for more information and prices for GAP Insurance.
Update Insurance Information
From time to time Arkansas Federal will send out letters requesting that members verify their insurance information, if you have received such a letter from AFCU, click here to update that information.
A Variety of Convenient Ways to Apply
You can apply for a Jump Start Auto Loan via AFCU.org, by visiting any one of Arkansas Federal's branch offices or by contacting the Call Center at 982-1000 in central Arkansas or 800-456-3000 outside central Arkansas.
- Online Account Access
- Mobile.AFCU.org
- 24-Hour Touch Tone Teller
- ATM
- Mailing your payment to the credit union
- Visiting a teller station at any Arkansas Federal branch
