Refinancing with Great Lakes Credit Union Brings Great Benefits
Low loan rates
Members have access to competitive interest rates
APR discounts
Qualified borrowers are eligible for rate discounts up to 0.50% APR*
Skip-A-Payment
Save cash when you need it
24/7 Access
Stay up-to-date with your loan through online and mobile banking
Why Refinance Your Auto Loan with Great Lakes Credit Union?
If you’re looking for a more affordable loan payment, more favorable loan terms, or simply want to qualify for a better rate based on creditworthiness, consider refinancing with us.
With our competitive auto loan rates, as well as available discounts ranging from setting up automatic loan payments to opening a free checking account with us, you could transform your car loan.
Our Streamlined Application Process
Don’t put off refinancing because you’re worried about getting stuck in a long, complicated process. We’ve made applying smooth and simple so you can start enjoying your savings as soon as possible.
STEP1
Apply OnlineFill out our quick and easy online application.
STEP2
Set Up PaymentsOnce approved, agree to the loan amount, rates, and terms to begin making payments.
STEP3
Take ChargeCheck your loan payoff amount whenever and wherever you want via online banking.
"22 years of great experience of friendly, helpful, resourceful service. Thank you!”Rita M.
"Excellent customer service! It’s always a great experience when I go to my local Great Lakes Credit Union.”Bert V.
"Very friendly, comfortable feeling here! The staff is always helpful, never in a hurry. I use both the lobby and drive up both great!”Ruth W.
Auto Loan Refinance FAQ
What goes into refinancing an auto loan?
When you refinance your auto loan, you replace the first loan with a new loan that will likely provide you with a better rate or more convenient loan terms. Refinancing your auto loan is like refinancing your home loan - but it’s even faster and easier to do. Click here to learn more about refinancing an auto loan.
How can I transfer my loan balance from my existing auto loan?
Fill out the balance transfer request form and submit it to your current lender. Please note that processing may take up to 3 weeks.
How do I check my loan payoff amount with online banking?
Once you’ve logged into your online banking account, go to the service tab and then select the loan payoff option. Select the loan you are interested in and then enter the expected loan payoff date.
Can non-members apply for auto loan refinancing?
Absolutely. While members can apply online using our online banking feature, non-members are welcome to apply via the Apply for Loan option at the top of the GLCU website.
How do I become a member?
A simple $5 deposit in a Share Savings account is enough to begin your relationship with us and to receive our competitive rates. To become a GLCU member and be elibible for an auto loan refinance, you must meet our eligibility criteria.
You can check your eligibility when you fill out an application here.
Does GLCU offer any debt protection products?
GLCU offers borrowers a range of debt protection options, including:
As a GLCU member, you’ll be able to take advantage of our personalized customer service where you’re more than an account number. Whatever your situation, we’ll take the time to get to know you and find the right financial solutions for you and your goals.
Additionally, through the Tranel Financial Group, GLCU members can access executive financial planning services.
Ways to Manage Your Loan with GLCU
We recognize that our members are individuals. That’s why we offer a range of ways for you to do balance inquiries, make a payment, and more!
*APR= Annual Percentage Rate. Actual rate based on credit history, income, vehicle model year, mileage, and other factors. Rates listed here include 0.25% discount for auto pay and 0.25% discount for a Free Checking Account (link) with direct deposit for the last three months.