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We know that many of our members will need to replace vehicles lost to the flooding from Hurricane Harvey, and we are committed to helping our community and members overcome this hardship. To help our members who need to replace a vehicle, we will be offering 90 days with no payments for any new or used auto loan completed through October 31st, 2017. We hope the deferred payments will offer our members some financial relief, so you can focus on recuperating from the storm.
In addition to 90 days of no payments, we would like to remind our members that we have partnered with Auto Exam. If you finance a vehicle loan of $5,000 or more with Chocolate Bayou, we will reimburse you the fee to have your new vehicle examined. We recommend that our members utilize this service to protect them from unknowingly buying a flooded vehicle.
Subject to credit approval. “90-Days-No-Payment” offer only valid for new or used auto purchases. Not valid for current CBCFCU loan refinances. Interest accrued during no payment period must not exceed first payment. Loan must be funded between September 8 and October 31. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Rates vary and depend upon credit scores and repayment terms. All loans are subject to underwriting guidelines and approval. Not all applicants will qualify for all loan products offered. Interest will continue to accrue on the outstanding balance of the loan during deferment period. All loan programs are subject to change without notice. Not an offer to lend.
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