Unlock a $350 Bonus with Auto Loan Financing from PenFed Credit Union
PenFed Credit Union Offers Attractive Auto Loan Bonuses
In an exciting move to enhance auto financing, PenFed Credit Union is offering a bonus of up to $350 for approved auto loans. This initiative is designed to support potential customers looking to own a vehicle more affordably. The promotional period is limited, ending on May 12, 2025.
Key Highlights of the Offer
Members of PenFed can earn a $200 bonus when they finance an auto purchase or refinance an existing auto loan from another institution, coupled with a $150 bonus if they utilize their PenFed checking account to make auto loan payments for two consecutive months. To qualify, the loan must exceed $10,000, and members need to set up these automatic payments through their PenFed checking account.
Gaurav Bhatia, the Chief Marketing Officer at PenFed, stated, “At PenFed, anyone can join, and our members now can drive away with an extra $350. This limited-time offer ensures that we provide our members with affordable auto loan financing.”
Members can enjoy loan amounts of up to $150,000, allowing them to choose terms and payment plans that suit their budgets, with the lowest APR starting at 3.79% for new car loans through the PenFed Car Buying Service powered by TrueCar.
How to Qualify for the Bonus?
To be eligible for the complete bonus:
1. Financing Requirement: A new auto loan must be financed or an existing loan should be refinanced from a different financial institution.
2. Payment Question: Members must use a PenFed checking account for automatic payments that cover the loan for at least two months.
3. Loan Amount: The auto loan must be a minimum of $10,000.
The bonuses will be credited to members’ accounts by October 15, 2025, encouraging early engagement and action from interested customers.
PenFed's Commitment to Members
PenFed Credit Union has long been an advocate for affordable financial services. Established in 1935, it now holds over $31 billion in assets, serving nearly 3 million members. The union offers a variety of products beyond auto loans, including certificates, checking accounts, personal loans, and mortgages.
The current bonus offer is particularly timely, aiming to alleviate some of the financial burdens associated with vehicle purchasing and ownership. “We aim to help our members achieve their goals by making financing more accessible and less cumbersome,” Bhatia added.
Next Steps
For those interested in exploring this offer, visit PenFed’s official site to learn more about the application process and how to take advantage of these impressive incentives. Members are encouraged to act quickly due to the promotional deadline.
Becoming a member of PenFed is simple and opens up a range of financial services designed with the customer’s best interests in mind. With PenFed’s dedication to its members, the organization continues to set a high standard in the financial services industry, particularly in the realm of auto financing.
In summary, the opportunity to gain up to $350 for financing an auto loan at PenFed is not only a beneficial deal for existing members but also for anyone seeking to secure flexible and affordable auto financing options in today’s market. Don’t miss out on this limited-time offer that promises to make vehicle ownership within reach for many prospective buyers.
Topics Financial Services & Investing）
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