Types of Loans

• New and Used Cars, Trucks, Motorcycles, and Boats
• Vehicle Refinance
• Share Secured
• Signature Advance
• Personal Line of Credit
• Co-maker
• Single Payment Loans
• Home Equity Line of Credit
• Smart Option Student Loan by Sallie Mae
• Oral Health Services Special

Lending Services Guidelines

How to obtain a loan from the Vanderbilt University Credit Union

• You must complete and submit the Loan Application.
• You must submit a copy of your most recent paycheck stub (you must be employed by Vanderbilt for at least 90 days).
• You must submit a copy of bankruptcy discharge papers if applicable and not on file.
• There is a $10.00 Non-refundable loan application fee

How to apply for a credit union loan by fax

• You must complete the Loan Application.
  
• Fax it along with a copy of your paycheck stub to 615.936.0464.

Submitting a completed Loan Application

• If you do not list a house payment or rent payment, you must explain why you do not incur this expense.
• For a debt consolidation loan, you must submit a copy of your most recent billing statement. Note the VUCU loan check(s) will be made payable to the creditor(s).

Submitting a copy of your most recent paycheck stub

Your income is used in determining your salary to debt ratio.

• If you wish to include your spouse's salary, then we must also have a copy of his/her paycheck stub.
• If you do include your spouse's salary, he/she will also have to cosign the loan.
• If you wish to include other sources of income, then you must show proof of the additional income.

Automobile Loans

See the VU Credit Union first for auto loan pre-approval. It’s like shopping with cash; you don’t have to worry about dealer financing. We have invoice and retail pricing for all new autos, as well as NADA blue book prices for used auto and your trade in.

For new and used cars from automobile dealerships

• A copy of the window sticker.
• A copy of your buyer's order.
• Copy of insurance policy listing financed vehicle with VUCU as lien holder.

For used cars from individuals and used car lots

• Written Bill of Sale.
• The year, make, model, mileage, of the car.
• A copy of the title.
• A copy of the registration and 10 day payoff if there is an existing lien.
• Visual inspection of the auto at the credit union office.
• Copy of insurance policy listing financed vehicle with VUCU as lien holder.

To refinance your automobile loan

In addition to the visual inspection of vehicle at VUCU office, please deliver or fax (615.936.0464) the following documents:

• You must complete the Loan Application.
  
• Submit a copy of paycheck stub.
• Submit a copy of payment coupon.
• 10 day payoff from current lender.
• Submit a copy of vehicle registration.
• Submit a copy of original loan document showing current interest rate.

Private Student Loans

The Vanderbilt University Credit Union Smart Option Student Loan® by Sallie Mae® is an ideal solution to help bridge that gap between federal loans and the cost of your education expenses.

To learn more or to apply, please get started here.

The Smart Option Student Loan features and benefits:

• Competitive Interest Rates
• Borrow up to 100% of school certified education costs (minimum $1,000)
• Multiple in-school repayment options available
• Borrower benefits available – like rewards and interest rate reductions
• Rates that reward creditworthy borrowers
• Applying with a creditworthy cosigner may help you qualify and/or receive a lower rate
• Fast Online Application. Our easy-to-complete application takes about 20 minutes. It's quick and easy.
• 24/7 online account management
• No prepayment penalty

To learn more or to apply, please get started here.