New electric or hybrid car loan discount
Eligible credit union members buying a new electric or hybrid car may receive an additional 0.25 percentage-point auto-loan rate discount.
Deze mogelijkheid is momenteel in het Engels beschikbaar.
Energy Credit Union can lend up to 100% of the vehicle’s value to help you buy your car. You repay the borrowed money with interest through monthly payments.
The additional 0.25 percentage-point discount for a new electric or hybrid vehicle is conditional. Your rate depends on your credit history, loan type, vehicle age and chosen term. The advertised rates apply to borrowers with a FICO credit score of at least 740; other rates and terms are available.
Eligibility
- Buy a new electric or hybrid vehicle to qualify for the potential additional discount.
- Be eligible for Energy Credit Union membership: live or work in eligible communities in Norfolk, Suffolk, Middlesex or Essex County in Massachusetts; be an employee or retiree of National Grid New England; or be a family member of an eligible individual.
- To join, open a share savings account with at least $10. The credit union verifies each new member’s name, date of birth, address and an identification number, such as a Social Security number.
How to apply
- Status
- Doorlopend open
- Voorwaarden voor deze aanvraagronde
- Credit union membership and lending assessment apply.[^c4][^c3]
Start the Energy Credit Union online loan application by entering an email address you can access. Keep access to that email if you want to resume the application later. The credit union currently invites applicants to seek auto-loan preapproval.
To join, request a membership application, visit the credit union or call Member Services on (617) 325-1999.