Pre-approved Auto Loans

  1. This offer is based on an initial assessment that you met initial criteria for creditworthiness by Meritrust.
  2. You must be at least 18 years of age and a U.S. citizen or permanent resident alien to qualify for this offer, unless otherwise specified.
  3. Meritrust Credit Union maintains the right NOT to make you a loan if: (a) you no longer meet our selection criteria; (b) based on information in your application for credit, it is determined that you do not meet our criteria for creditworthiness; (c) the information provided on or with your response is incomplete, inaccurate or unverifiable; (d) your name and/or mailing address have been altered; or Meritrust Credit Union receives your response after the offer has expired.
  4. Meritrust Credit Union will check your credit and employment history.
  5. This offer is nontransferable.
  6. Loans are not made for business purposes.
  7. This pre-qualified offer is for a loan amount of no less than $8,000.
  8. Your vehicle must be model year 2010 or newer with fewer than 125,000 miles. Value of the vehicle will be based on NADA value and will be a stipulation for approval.
  9. This offer does not apply to auto loans currently financed by Meritrust Credit Union.
  10. A prepaid finance fee may apply.
  11. This refinance offer is subject to end at any time.

NOTE: APR = Annual Percentage Rate. APR is determined at the time of your application, based on creditworthiness and the loan value of the vehicle. Rate quoted is the lowest rate for qualified applicants and is subject to type of vehicle and collateral. See letter for offer end date and rate.

PRESCREEN & OPT OUT NOTICE: You have been pre-selected for a consumer loan with Meritrust Credit Union. Information contained on your credit report was used in connection with this offer. You have received this offer of credit because you have satisfied the criteria for credit worthiness. Credit may not be extended if a criterion used is not applicable now or if you are unable to furnish the required collateral. If you would prefer to opt out of future marketing solicitations you may do so by mail or phone. By Mail: Experian Opt Out, P.O. Box 919, Allen, TX 75013-0919. By Phone: 1-888-5OPTOUT (567-8688).

Information About Deferral and Interest Computation: Your first payment will be due 60 days after closing of this loan. The actual number of days you will not have a scheduled monthly payment due will vary depending on the terms of your existing loan, your existing payments on your existing loan, and applicable state law. Interest will accrue on your existing loan until it has been paid in full and will accrue on your new loan beginning on the loan closing date. We will use the simple interest method to compute interest on your new loan, meaning we compute interest over the actual number of days that elapse over a year of 365 days.