RTP Federal Credit Union
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Lending Center

Loan Information

First Time Auto Loan

If you're looking to buy your first vehicle, RTP Federal Credit Union is here to help. Our First Time Auto Loan program is designed with the first time auto buyer in mind—even those who may have difficulty obtaining a loan because of limited credit or no credit history. This loan will not only fund the purchase of your vehicle with manageable terms and a competitive rate, but will also provide the opportunity to establish a positive credit history in the process.


  • Maximum loan amount of $15,000
  • Terms up to 63 months
  • Interest rate of 7.25% APR*


  • Minimum of $500 cash down
  • Minimum 6 months employment with present employer
  • Minimum gross monthly income of $1,500
  • No credit required, however, no derogatory credit is allowed
  • No car loans on credit report—will allow refinance of vehicle that was purchased within the last 6 months

Call us at (919) 941-5700 to learn more!

*Restrictions apply.

NCUA Equal Housing Lender
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