Auto Loan Pre-Approval

Whether its a new purchase, you’re still shopping around, or even if you already know the car you want, getting PRE-APPROVED for a METRO auto loan will put you in the driver’s seat to get a great deal!  With our low rates and easy pre-approval process, you’ll know how much you can afford and what your payments will be.  Walk into the dealership with confidence!

Looking to REFINANCE at a better rate?  We can do that too!  Get a pre-approval to see how much you can save on your existing finance rate, plus there’s no commitment. 

WIth METRO’s low rates and application process, you’ll be on the road to savings in no time! 

APPLY

To get the loan process started, please submit an ONLINE LOAN APPLICATION.  You can download a PDF version of our Loan Application and submit it to us at loanservices@mcu.org or fax it to 847-670-0401.  Include the vehicle information, if possible. We will also request a copy of your most recent paystub for income verification.

PRE-APPROVAL

We will process your loan application and notify you of your Pre-Approval, and one of our Loan Department Staff will send you a Pre-Approval Letter. 

If you are applying for an auto loan refinance, we will let you know your approved interest rate based on the vehicle information you provided.

NEGOTIATE

Since your financing has already been Pre-Approved with the credit union, you can negotiate your best price at the dealership!  Once you determine a vehicle and final amount, email or fax our Loan Department the Bill of Sale or purchase agreement. 

For your refinance, we will ask you to contact your current financing company and request a Payoff Statement.

SIGN

Once we’ve received your vehicle details and finalized your loan terms, you will sign your loan paperwork. 

If you already have an account established with the credit union, you may sign your documents electronically.  Otherwise, you can establish your account and sign your loan paperwork at the same time at METRO’s office.

• Available for Private Party Purchases, Dealerships and Refinances
• No Application Fees
• No Pre-Payment Penalties
• Up To 125% Financing
• Fast Approval Decisions
• METRO Membership, with Free Online and Mobile Banking

• Easy Application Process
• Low Rates for New and Used Vehicles
• Flexible Terms up to 84 months
• GAP Plus Insurance Available
• Credit Life & Disability Insurance Available
• Pre-Approvals Valid for 90-Days