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Ascend Federal Credit Union Loan Calculator, Interest Rates & Overview

Carla Soto
Carla Soto
Updated 27 November 2023
Fact checked

Ascend Federal Credit Union auto loans overview

Ascend Federal Credit Union logo

Ascend Federal Credit Union has multiple branch locations across Tennessee and provides quick, convenient, and competitive auto financing. Ascend offers loans for a range of new and pre-owned vehicles from cars, vans, and trucks to boats and recreational vehicles.

Want to see what an Ascend FCU auto loan will cost? Try the Ascend FCU auto loan calculator below! All you have to do is enter your desired loan amount and term to see an estimate. You can use the calculator to adjust your loan amount and term to see how it might affect your monthly repayments.

Key Ascend Federal Credit Union auto loan features

  • Minimum loan amount: No minimum for 60 months, $15,000 for 61 to 75 months, and $25,000 for 76 to 84 months.
  • Maximum loan amount: Undisclosed.
  • Interest rates: From 6.74% to 18% APR.
  • Loan terms: Up to 84 months.
  • Loan fees: Undisclosed.
  • Discounts: Discounted auto insurance

ASCEND FEDERAL CREDIT UNION AUTO LOAN OPTIONS

New and used auto loans

You can get low rates and terms of up to 84 months whether you’re in the market to buy or refinance your current loan. For new auto loans, rates can be as low as 6.74% APR. Then, used auto loans begin at 7.24% APR.

Recreational vehicles

Ascend FCU also offers financing for a variety of vehicles, like motorcycles, RVs, boats, motorcycles, motorhomes, ATVs, and watercraft. Interest rates can be as low as 7.14% APR for new models and 7.64% APR for pre-owned ones. Plus, you can pay your loan for as long as 144 months.

Ascend FCU auto loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

$25,000

Term

60 months

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Ascend Federal Credit Union

Ascend Federal Credit Union auto loan

Ascend Federal Credit Union auto loan
Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Ascend Federal Credit Union auto loan
Featured
Achieva Credit Union

Achieva - New Auto Loan

Estimated Month Repayments
$437 Inclusive of fees
Interest Rate
1.89%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Low fixed interest rates. Flexible terms. Same-day approvals. No hidden fees.
Featured
Bank of America

Bank of America auto loan

Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Bank of America auto loan

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

How to apply for an Ascend Federal Credit Union auto loan

Eligibility criteria

  • An Ascend Federal Credit Union member
  • 18 years old or legal to obtain auto financing
  • A legal resident
  • Employed or have a dependable source of income

Building good credit can also lift your chances of qualifying for lower interest rates and better terms. This way, you can secure a loan with lower monthly payments and save more overall.

How to join Ascend Federal Credit Union

You can be an Ascend member if you meet one of the following:

  • Immediate family or household member of an Ascend member
  • Employee or member of one of Ascend’s partner businesses or organizations
  • Live, work, worship, or attend school in financially underserved areas
  • Member of the Nature Conservancy, Tennessee Chapter

What you’ll need to have ready:

Personal details
When you apply for auto financing with Ascend Credit Union, you’ll be asked to provide personal information such as:

  • An email address
  • Your full name
  • Address
  • Social Security number
  • Employment information
  • Income details
  • U.S. citizenship status
  • A list of monthly expenses

Documents
You may need to provide Ascend with additional documents to complete your loan request. These documents may include a purchase agreement or bill of sale, car registration and title, instructions for buying out a lease, proof of income (such as federal tax returns and W-2s), and financial statements.

It will help to be familiar with the loan application process, too. This can give you an idea about how to compare lenders, negotiate offers, and pick the right loan for your situation.

Ways to apply for an Ascend auto loan:

  • Apply online by clicking the GO TO SITE link in the table below
  • Visit a branch
  • Call 800-342-3086

Additional Ascend FCU auto loan details

  • Automatic payment: Available.
  • Loan approval times: Instantly if you meet the credit criteria. Otherwise, it can be within 2 business days.
  • Rate discounts: Potential lower rates for members with excellent credit scores.
  • Repayment frequency: Monthly.
  • Late payment fees: Undisclosed.
  • Prepayment penalty: None.
  • Co-borrowers allowed: Yes.
  • Co-signers: Undisclosed.
  • Ways to repay: Digital banking, by mail, and external payments.
  • Hardship program: Skip-a-payment available.

Vehicle restrictions and limitations

  • Maximum vehicle age: Up to 10 years.
  • Maximum vehicle mileage: Undisclosed.
  • Other vehicle restrictions: Undisclosed.

Pros and cons

Pros

  • Competitive interest rates.
  • Flexible terms.
  • Fast loan approval.
  • No prepayment penalty.
  • Multiple ways to apply – online, over the phone, and in person.
  • Auto insurance discounts.
  • Possible year-end interest loan refund.
  • Optional guaranteed asset protection (GAP), mechanical repair coverage, and debt protection offered.
  • Multiple partner dealerships.
  • For many vehicle types – new and used cars, RVs, boats, motorcycles, motorhomes, ATVs, and watercraft.

Cons

  • Limited to members.
  • Undisclosed loan fees.
  • Unspecified maximum loan amount.

Frequently asked questions

Can I buy a commercial vehicle with an Ascend FCU auto loan?

No, they do not offer commercial auto loans.

Are Ascend car loan interest rates fixed or variable?

Ascend FCU doesn’t disclose if its interest rates are fixed or variable.

Are there early repayment fees on Ascend auto loans?

No, there are no prepayment fees.

What is the maximum length of an Ascend Federal Credit Union auto loan?

The maximum loan term is 84 months.

Who can join Ascend Federal Credit Union?

  1. Family members: Individuals with immediate family members or permanent housemates who are Ascend members.
  2. Employer or organization affiliated: Those employed by or members of Ascend’s partner businesses or organizations.
  3. Living, working, or studying in an underserved area: Those who live, work, worship, or attend school in financially underserved areas.
  4. Membership with The Nature Conservancy, Tennessee Chapter: Anyone who becomes a member of TNC by making a one-time contribution of at least $25 is eligible.

It’s also worth noting that membership requires a $5 deposit into a savings account, which is refundable if the account is closed.

Video: 4 reasons why you should refinance your vehicle

Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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