Credit union · NCUA insured
Somerset Federal Credit Union Auto Loan Rates
Somerset Federal Credit Union auto loans start at 6.00% APR for a new vehicle and 6.00% for a used one. Rates checked October 15, 2026.
How Somerset Federal Credit Union’s auto loan rates compare
Compared with banks and credit unions near Providence, RI-MA, where Somerset Federal Credit Union has the most branches. New vehicle, lowest advertised APR first.
This credit union’s lowest
Somerset Federal Credit Union
6.00%APR
- Terms
- 12–72 months
- Discount
- Included in the rate
New & Used Auto Loans
Lowest rate
Shoreham Bank
3.99%APR
- Terms
- up to 78 months
- Discount
- None included
2nd-lowest rate
St. Anthony of Padua FCU
3.99%APR
- Terms
- up to 72 months
- Discount
- None included
Somerset Federal Credit Union auto loan score
64
Auto loan score
Higher than 12% of U.S. banks and credit unions
- New vehicleNew6.00%
- Used vehicleUsed6.00%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Somerset Federal Credit Union ranks
By auto loan score, in each area where it has branches
Every rate
Current auto loan rates
Rates from the credit union’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
Motorcycle Loan
Rate based on credit score and reflects a 0.25% discount for automatic payment deducted from qualified SFCU account. 20% down payment required.
| Terms | APR | Conditions |
|---|---|---|
| 12–60 months | 8.50% | Rate based on credit score and reflects a 0.25% discount for automatic payment deducted from qualified SFCU account. 20% down payment required. Monthly payment per $1,000 borrowed for 12 months is $87.22. |
Sources (1)
- somersetfcu.com/loan-rates · captured Oct 5, 2026
New & Used Auto Loans
Rates based on credit score and direct payment from SFCU checking or savings account (add 0.25% for non-direct payment). Add 1% to the rate if financing 100%. Vehicle used as collateral. Membership required: upon approval, must open an account with the Credit Union and maintain a $5 minimum balance for the life of the loan.
| Terms | APR | Conditions |
|---|---|---|
| 12–72 months | 6.00% | Rate based on credit score and reflects a 0.25% discount for automatic payment deducted from qualified SFCU account. Add 1% to the rate if financing 100%. 2026 – 2025 is considered New Autos. 2024 – 2019 is considered Used Autos. Monthly payment per $1,000 borrowed for 12 months is $86.07. |
Sources (2)
All captured Oct 5, 2026
Who can join Somerset Federal Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship, or attend school in specified counties and towns in Massachusetts and Rhode Island are eligible for membership.
Employers and groups
- Organizations comprised of persons who qualify for membership may open an account.
Family and household
- Immediate family members of individuals eligible through the geographic field of membership qualify for membership.
Cost to join
- An initial deposit of $5 is required to become a member and must remain on deposit for the life of the account.
Membership information collected October 5, 2026.