Vehicle Loans

Member Car Sale – at the Santa Clara County Fairgrounds: April 26 & 27

Our next member car sale is at Santa Clara County Fairgrounds on Saturday, April 26 and Sunday, April 27. Hundreds of pre-owned vehicles will be available – Plus up to a .25% discount on your Patelco Auto Loan! Get the details >

When: Saturday, April 26: 9am - 6pm
            Sunday, April 27: 10am - 5pm

Where: Santa Clara County Fairgrounds - 344 Tully Rd, San Jose, CA 95111 Map it >

A low interest rate auto loan from people who won’t steer you wrong.

Rates as low as
1.99%APR1

> Calculate your monthly payment

Finding a great price on an auto is one way to save; the other is by getting a low-rate auto loan. Unlike the big banks, Patelco offers the same low rate for new and used autos plus helpful extras that make the entire experience easier on you and your wallet.

Looking to refinance a higher-rate auto loan from another financial institution? We can do that at the same low rate with no additional fees.

Apply Now

New Auto Purchase Loan Used Auto Purchase Loan

The dealership may advertise 0% financing but the monthly terms are often too low and the down payment too high. Go with a simple Patelco loan instead.

Buying a used vehicle can save you thousands of dollars
—a Patelco loan can save you even more.

Learn More Learn More

Refinance an Auto Loan Auto Equity Loan

Have a high rate loan with another financial institution? Refinance with Patelco and save money.

  • loans up to 125% of Blue Book value and no refinance fees2
  • Depending on the amount financed, terms up to 84 months are available for 2006 and newer vehicles and up to 60 months for 2003 – 2005 vehicles
  • Learn more about refinancing

Did you know Patelco offers Auto Equity Loans to members who are California homeowners? Your vehicle and home are used as collateral. Same great rates and terms. Contact us for more details.

  • interest may be tax deductible3
  • no lendable home equity is required
  • no home appraisal is required
  • one-time document preparation charge of $1754
Learn More Apply Now

Additional Features Used Auto Purchase Example

Rate discounts are given for:

  • putting 20% or more down
  • using the MAP Auto Buying Service
  • buying a hybrid or 30+ MPG vehicle
  • buying from a CUDL dealer
  • being a Commitment Household member

Additional loan features:

  • up to 125% financing
  • you can use your loan to buy out a lease
  • maximum mileage is 125,000

A used 2008 Toyota for $18,000 over 60 months

Big Bank
6.74% APR
$354
per month
Patelco
1.99% APR1
$315
per month
Monthly Savings $39
Total Savings
(over life of loan)
$2,340


  1. APR (Annual Percentage Rate). Auto rates as low as 1.99% APR (floor rate) effective 1/22/2014; subject to change without notice. Patelco offers a range of base rates and discounts that depend on factors such as credit history, down payment, loan term, purchase channel, Patelco account and loan balances, vehicle age, and fuel efficiency. Actual rates are disclosed to approved applicants in writing prior to loan consummation and may be as high as 12.99% APR. Regardless of discount qualifications, no approved applicant’s rate will be lower than the then-current floor rate. To learn more about rates, terms and available discounts, call 800.358.8228, visit patelco.org, or visit any Patelco branch. Loan payment example: $14.75 per month for each $1,000 borrowed at 1.99% APR for 72 months.
  2. There is no loan fee to refinance an auto loan from another financial institution. A full refinance of an existing Patelco auto loan requires adding an additional $1,000 to the loan or you may also inquire about a rate reduction for a fee of $295.
  3. Consult a professional tax advisor for tax-related details.
  4. California homeowners only.