First Time Borrower

SEFCU has a special loan program designed to help first-time borrowers get the cash they need to purchase a car and establish a good credit history.

Our First Time Borrower loans are available to any SEFCU member who has no borrowing history and meets financial qualifications. In particular, this loan was designed for credit union members (18 years and older) in need of a car loan, as well as for those who have always used cash rather than credit.

First Time Borrower loans at SEFCU combine the opportunity to obtain the initial car loan and an optional $1,000 line of credit, with the ability to help new borrowers establish a good credit history.

Borrowers must have, or open, a SEFCU Checking Account with a Check Card and make payments through payroll deduction or direct deposit (or if not available, through automatic transfer).

Ready to apply? Complete your application right online and get your decision in just minutes!