The $46 billion Navy Federal Credit Union said it believes the 1.79% annual percentage rate on its 36-month new auto loan may be the lowest offer in the country.
The new rate comes as the Vienna, Va.-based credit union reports strong lending growth over the past several months driven by its 1.99% APR new auto rate for loans up to 60 months.
The credit union said it plans to maintain this rate, along with the new 1.79% APR rate, for 36 months. It will also continue to offer a $100 bonus for members who refinance their new car loans from other financial institutions with Navy Federal.
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