Important Loan Disclosures

All rates and terms are subject to change without notice and will vary depending on the strength of member's credit, value of collateral financed and term selected. We offer other rates and terms for members with special borrowing needs. Vehicle loan rates are for purchase of new or used vehicles only and are not available for refinancing existing TVFCU vehicle loans.

Loans on vehicles with over 100,000 miles will have an additional rate adjustment of +1.00% and will be limited to NADA loan value or purchase price, whichever is less. Used vehicles are subject to inspection, if applicable.

Proof of insurance is required with $500 deductible standard.

All applicable fees for loan type selected are not included in payment quote and will be added prior to loan signing and fund disbursement.

Terms & Conditions

I authorize Tennessee Valley Federal Credit Union to obtain my credit history. I understand that automatic loan approvals may be issued subject to TVFCU reviewing my employment history and verifying my income. TVFCU may obtain information from others about me and give information to others. I authorize TVFCU to issue any credit devices requested by me. I understand that all funds advanced to me will be subject to the terms and conditions of the loan agreement. You understand that it is a federal crime to willfully and deliberately provide incomplete or incorrect information on loan applications made to Federal Credit Unions or State Chartered Credit Unions insured by NCUA.

By submitting this application electronically, I agree to the same terms that apply to a signed application. If there is a co-applicant on this loan, that co-applicant has authorized the submission of this application. This electronic submission qualifies as my signature. I understand that I/we will have to sign loan documents before funds can be disbursed. Alimony, child support, or separate maintenance income need not be included if you do not wish to have it considered as a basis for repaying this obligation.

If this proposal is accepted, all applicable fees will be added prior to signing and fund disbursement, but Payment Protection is included in the above proposed payment. Please click on the corresponding link(s) above if you would like to re-calculate your proposed loan payment without Payment Protection. Please see additional information about Payment Protection below.

Payment Protection

Credit Life Insurance – eligibility is through age 69. Termination is at age 70. The plan type is Single Life for Primary Borrower and Joint Life for Primary and Co-borrower. The coverage is a maximum of $50,000. Exclusions are as follows; deaths from suicide within 6 months after the issue date and pre-existing conditions. Rates are; $.075 per $100 of your monthly loan balance for Single Life and $.131 per $100 of your monthly loan balance for Joint Life.

Disability Insurance – eligibility is through age 65 with the Primary Borrower employed 25 hours per week or more. Termination is at age 66. The plan type is Single Disability for Primary Borrower and Joint Disability for Primary and Co-borrower. The coverages are a maximum of $50,000 with a monthly total disability benefit of $750. Exclusions are as follows; misstated age, disabilities that begin 6 months after the issue date, disabilities resulting from normal pregnancy, and pre-existing conditions. Rates are; $.250 per $100 of your monthly loan balance for Single Disability and $.462 per $100 of your monthly loan balance for Joint Disability.