Any signature or auto loan will have the interest begin to “disappear” after one year of on time payments. .5% APR will continue to disappear each year that you make payments on time up to 2%. Click here to get started now!
APR= Annual Percentage Rate. Salem VA Credit Union membership eligibility required. Loan approval based on credit worthiness. This offer may not be combined with any other offers or promotions. Indirect, HELOC and Home Mortgage loans do not qualify for this promotion. Members must qualify to add minimum of $5,000 to existing Salem VA Credit Union loans for promotional rate. The 2% APR will be reduced over a 4 year period at 1/2% APR beginning on the 1st annual anniversary date of the loan and each year thereafter. The interest rate may not be discounted below 2.50%.If the loan becomes 30 or more days delinquent at any time, no future reductions will be applied.