What is AutoPay?
AutoPay is a convenient service that automatically withdraws your loan payment each month from your People Driven Credit Union checking or savings account. It helps you stay on track, avoid late fees, and may even qualify you for our ¹Special Loan Rate...
Continue ReadingWhat’s the ¹Special Loan Rate Discount?
Our ¹Special Loan Rate Discount offers a 0.25% APR reduction when you set up automatic payments (AutoPay) for your loan from a People Driven Credit Union checking or savings account. This discount is already included in the “as low as” rate...
Continue ReadingWhat documentation will I need?
You’ll generally need proof of income, a look at your credit history, and details about the watercraft you wish to finance. Our team is here to help every step of the way. For more information or personalized assistance, please contact a People Driven...
Continue ReadingHow long does the approval process take?
Our application process often provides pre-approval decisions quickly, and final approval typically takes just a few days once all documentation is...
Continue ReadingDo I get any benefits with autopay?
Yes, enrolling in autopay may qualify you for a rate discount, reducing the overall cost of your loan. Check with our team for current promotional...
Continue ReadingIs a down payment required?
A down payment may be needed, depending on your credit profile, the value of the vehicle or watercraft, and the specific loan structure. While not always required, a down payment can lower your monthly payments and the total amount of interest paid. Our...
Continue ReadingWhat loan terms are available?
Loan terms are flexible and can be tailored to fit your financial situation. At People Driven Credit Union, loan terms for recreational vehicles such as ATVs, motorcycles, boats, snowmobiles, and campers generally range from 12 to 180 months. Longer...
Continue ReadingAre these loans available for both new and used watercraft?
Yes, PDCU finances both new and pre-owned watercraft. Rates and terms may differ, so our team can help you find the best option based on your...
Continue ReadingCan I get pre-approved for a boat loan?
Absolutely. Our pre-approval process gives you a clear idea of your borrowing power before you start shopping, simplifying your purchasing...
Continue ReadingWhat interest rate can I expect?
Interest rates vary based on factors like your credit score, loan term, and the age of the vehicle or watercraft. People Driven Credit Union offers competitive rates to make financing accessible and affordable for our members. Call 248-263-4100 to speak...
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