Rates as low as 2.24%APR*

There's still time left...

There's still time to get a head start on your next journey - let us help with two car payments* on us!

You survived years of hard work, tests, papers & presentations. Now the real fun begins! At MIT Federal Credit Union, we want to help you transition to the 'real world.' One of the first big purchases you may make after graduation is a new car - and we want to help you on your way!

Now through August 31st, when you book an auto loan with MIT FCU, we'll make the payments** for the first 2 months! Don't miss out, act today!

An Auto Loan from MIT FCU will get you on the road faster & save you money in the process.

  • Low, fixed rates based on credit score

  • Online application at closing

  • Choose from various terms

In order to qualify, you must close on your car loan by August 31, 2018 and graduate between April 1, 2018 and September 30, 2018. Ready to get started? Apply for your New or Used Auto Loan today! 

FYI: When filling out the Auto Loan application, make sure to answer the graduation date question and be prepared to provide a transcript once the loan is approved.



*APR = Annual Percentage Rate. Rate is valid as of May 30, 2018. Rate may vary based on individual creditworthiness. The rate published above represents the best credit and reflects a 0.25% discount requiring Smart Money Rewards membership (click here to learn more about Smart Money Rewards) with a term up to 60 months and automatic payment from an MIT FCU account. Other rates may apply for longer terms. The payment for a loan of $20,000 for a 60 month term at 2.240% APR is $352.66. The monthly payment for a loan of $20,000 for a 60 month term at 2.490% APR without Smart Money Rewards is $354.86. Some restrictions may apply. Existing MIT Federal Credit Union auto loans are not eligible for refinance.

To qualify for Smart Money Rewards, MIT FCU must receive your net pay, pension, or Social Security via direct deposit in excess of $100. If at any time your Checking Account is closed or becomes inactive (zero transaction[s] within the past 90 days or direct deposit is cancelled), the rate will be increased by 0.25%. Direct deposit must be set up within 90 days.

** APR = Annual Percentage Rate. Rates effective May 30, 2018 and are subject to change without notice. Subject to credit approval and documentation showing the ability to pay the loan. Annual Percentage Rate (APR) is determined by the applicant’s creditworthiness. Not all applicant’s will qualify for the displayed lowest rates. Applicant must graduate/or have graduated within the time frame between April 1, 2018 and September 30, 2018. Associate, Bachelor’s, Graduate or PhD degree from an accredited college or university or registered nursing school required. Applicant must provide transcripts or other evidence of graduation or anticipated graduation to qualify. Auto Loan must be booked and funded by August 31, 2018. No adverse credit history. Credit Union will pay first two months payment on loan up to a cap of $1,000. These payments may result in IRS tax implications. Please consult your tax advisor. Additional conditions may apply.